The widening of the gap between the rich and poor people, a result of globalization, puts the Philippines deeper in the quicksand of poverty and also causes social injustices among men. The deprivation of jobs and resources from its own citizens causes the people to die unattended.
How has globalization affected the Philippines?
Evidence suggests that globalisation has a positive effect on the country’s economic growth and employment. In particular, trade openness and foreign portfolio flows have contributed to higher per capita GDP growth in the Philippines, following the implementation of FX liberalisation reforms.
Who does globalization negatively affect?
They may pollute the environment, run risks with safety or impose poor working conditions and low wages on local workers. Globalisation is viewed by many as a threat to the world’s cultural diversity.
Why is globalization is bad?
While it can benefit nations, there are also several negative effects of globalization. Cons of globalization include: Unequal economic growth. While globalization tends to increase economic growth for many countries, the growth isn’t equal—richer countries often benefit more than developing countries.
What are the positive and negative effects of Globalisation?
Globalization has brought benefits in developed countries as well as negative effects. The positive effects include a number of factors which are education, trade, technology, competition, investments and capital flows, employment, culture and organization structure.
How does globalization affect us?
Globalization affects you and me by giving people broader access to products and services, decreasing subsidies and tariffs, creating new opportunities for financial markets, giving national industries more access to international markets, and connecting national economies.
How did globalization affect Philippine education?
Answer: the globalization has changed the Philippines old system of education into the K- 12 Basic Education Program. … However, it is with certainty that a poor elementary education will lead to a failure in basic education no matter what century.
How does globalization make the poor poorer?
Economic growth is the main channel through which globalization can affect poverty. What researchers have found is that, in general, when countries open up to trade, they tend to grow faster and living standards tend to increase. The usual argument goes that the benefits of this higher growth trickle down to the poor.
How does globalization negatively affect the economy?
Economic globalization is increasing GDP in all participating countries. At the same time, however, it is also intensifying the shortages in all national economies. … This can lead to growing social tensions that have a negative impact on economic development. Social tensions can also lead to increasing populism.
How does globalization affect culture negatively?
There are a number of negative impacts globalization has had on cultural diversity, including the influence multinational corporations have on promoting a consumer culture, exploitation of workers and markets and influencing societal values. … This promotes a homogeneous set of values and beliefs.