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Advantages and Disadvantages of Globalization in the Philippines

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Advantages and Disadvantages of Globalization in the Philippines

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A Term Paper
Presented to:
Economics Teacher

As a requirement for the
Fourth Quarter in
Economics subject

Presented by:
Adrian R. Ocampo
March 2011

The researcher wanted answers to the following questions:
1. What is globalization? What are its concepts? What are its characteristics? How globalization did takes place? 2. What are the elements of globalization?
3. What are the types of globalization?
4. What are the agencies responsible for the globalization of the economy? 5. What are the effects of globalization in the world economy? What are the advantages and disadvantages of globalization? 6. What is globalization according to Filipino economists? What are its advantages and disadvantages in the Philippine economy? INTRODUCTION

In the world nowadays, our economy has been undergoing a major change in the face of the world economy. Our country has since been economically developed after several economic crises, and political, social and religious events through the test of time, and our economy during the colonial times up to the time of Marcos(except During WWII), our country has been one of the countries to have an advanced economy. But during and after the Martial Law era, our economy had been slipped up and succumbing it to economic collapse. Now, from the 20th century, our economy had been improving. Why? It is because of GLOBALIZATION. Globalization has been one of the reasons why our country had been economically recovered and developing, and most producers produce more goods and most consumers had been consuming more goods. Moreover, globalization also takes place with the...

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