Is the Current Globalization advantageous to the Philippines?

Globalization: Is it Pro-Philippines?
© 2014-present by Jens Micah De Guzman/MyInfoBasket.com

Is globalization not a good thing for the Philippines? For instance, is not the fact that “Globalization transfers jobs from developed countries to less developed countries” advantageous to Filipinos who are seeking jobs?

Many, if not all, of the contemporary economists share the view that globalization is positively ‘good.’ Some social scientists, nonetheless, point out that globalization, in fact, has a dark side too.

For instance, author Gail Tverberg enumerates some reasons why globalization is said not to live up to what was economists expect of it, and is, in truth, our very key problem today.

Here is a shortened and paraphrased version of his article, “Twelve Reasons Why Globalization is a Huge Problem” (Tverberg, 2013):

1. Globalization uses up finite resources more quickly.

2. Globalization increases world carbon dioxide emissions.

3. Globalization makes it virtually impossible for regulators in one country to foresee the worldwide implications of their actions.

4. Globalization acts to increase world oil prices.

5. Globalization transfers consumption of limited oil supply from developed countries to developing countries.

6. Globalization transfers jobs from developed countries to less developed countries.

7. Globalization transfers investment spending from developed countries to less developed countries.

8. With the dollar as the world’s reserve currency, globalization leads to huge US balance of trade deficits and other imbalances.

9. Globalization tends to move taxation away from corporations, and onto individual citizens.

10. Globalization sets up a currency “race to the bottom,” with each country trying to get an export advantage by dropping the value of its currency.

11. Globalization encourages dependence on other countries for essential goods and services.

12. Globalization ties countries together, so that if one country collapses, the collapse is likely to ripple through the system, pulling many other countries with it.

Globalization is also said to affect governments, as it limits state sovereignty. For example, with the pickup of globalization, scholars say that governments are far less able to govern their own politics without considering the outside world. Globalization makes it difficult to be economically isolated today.

In fact, some believe that “aggressive global production systems and capital markets now occupy the ‘commanding heights’ of global development, forcing governments on the defensive and pressuring them to deregulate, downsize, and privatize many of the social management functions they assumed during the past century” (Yergin & Stanislaw, 2000) and “government [these days] matters less and less in a global economy. (Related: The Global Economy (And the Economic Globalization))

Nation-states are simply other actors on the global stage rather than its directors” (Osland, 2003: 142).

But is it not a good thing for the Philippines? For instance, is not the fact that “Globalization transfers jobs from developed countries to less developed countries” advantageous to Filipinos who are seeking jobs?

Overall, is globalization pro-Philippines? … continue reading

*You have an assignment (either English or Tagalog)? Search here:

© 2014-present by Jens Micah De Guzman/MyInfoBasket.com

Also Check Out:
Reasoning and Debate: A Handbook and a Textbook by Jensen DG. Mañebog

Related: SOME PROBLEMS WITH GLOBALIZATION

To comment, use #GlobalizationInThePhilippines

Click when you’re DONE with your assignment

NOTE TO STUDENTS: If the comment section fails to function, just SHARE this article to your social media account (Twitter, Instagram, Pinterest, etc) and start the conversation there.