Advantages and Disadvantages of Globalization in the Philippines

2445 Words Aug 5th, 2011 10 Pages
ADVANATGES AND DISADVANTAGES
OF GLOBALIZATION ON THE
PHILIPPINE ECONOMY
__________________________________________________
A Term Paper
Presented to:
ANTHONY R. VILLANUEVA
Economics Teacher ____________________________________________________

As a requirement for the
Fourth Quarter in
Economics subject
_______________________________________________

Presented by:
Adrian R. Ocampo
IV-I
_______________________________________________
March 2011

STATEMENT OF PROBLEM
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
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This might be the reason why the present civilization might communicate with others, and this might be a reason to set up the concept GLOBALIZATION. During the 20th century, during the time when modern technology was invented that help communicate with others globally, we cannot deny the truth that we must be ready in order to succeed in the Globalization period.
But, what does globalization mean? When, where and how did it start? What are the elements and types of globalization? What are the effects of globalization in the world economy, and in our country? What are its advantages and disadvantages of globalization in the world economy, and in our economy? We will find out, as we go on.
OBJECTIVES
The objectives for this term paper are the following:
1. To define globalization and the concepts related to globalization, its characteristics and history;
2. To understand and analyze what are the elements of globalization, and its concepts, with its types;
3. To know, understand and analyze what are the effects of globalization in the global economy;
4. To know and analyze what are the advantages and disadvantages of globalization in the world economy; and
5. To know what is the globalization in our country, and its advantages and disadvantages.

BODY AND DISCUSSION
a. What is globalization?
According to Nuevo et.al.(2007), globalization implies the restricting or setting of a new global economic order. There is a need of the global economy to be
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