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I.
SET
DEFINITION
Globalization: A Purpose
So with all this things explained, what is now the purpose of Globalization? And why do
people actively work to make globalization happen? An initial answer is easy: cheaper
production costs and more consumers to sell to. Globalization has a hand even in the smallest
businesses (at least, in first-world countries). Even a small business can benefit from the
incredible production savings to be found overseas, and this (along with the obvious fact that
there are more people to sell to) is why businesses actively and aggressively promote
globalization.. Globalization is about growth, sure, but it is also about establishing the ultimate
competitive position: diverse resources, diverse interests, diverse markets, and diverse
acquisitions; in a word, a portfolio so diverse it can only be attacked piece-meal, i.e. the
proverbial unsinkable ship.
Globalization in poverty and equality
Many of the studies in Globalization and Poverty in fact suggest that globalization has been
associated with rising inequality, and that the poor do not always share in the gains from trade.
Other themes emerge from the book. One is that the poor in countries with an abundance of
unskilled labor do not always gain from trade reform. Another is that the poor are more likely to
share in the gains from globalization when workers enjoy maximum mobility, especially from
contracting economic sectors into expanding sectors (India and Colombia)
The evidence strongly suggests that export growth and incoming foreign investment have
reduced poverty everywhere from Mexico to India to Poland. Yet at the same time currency
crises can cripple the poor. In Indonesia, poverty rates increased by at least 50 percent after the
1997 currency crisis in that country, and the poor in Mexico have yet to recover from the
pummeling of the peso in 1995.
The relationship between globalization and poverty is complex, Harrison acknowledges, yet
she says that a number of persuasive conclusions may be drawn from the studies in Globalization
and Poverty. One conclusion is that the relationship depends not just on trade or financial
globalization but on the interaction of globalization with the rest of the economic environment:
investments in human capital and infrastructure, promotion of credit and technical assistance to
farmers, worthy institutions and governance, and macroeconomic stability, including flexible
exchange rates. The existence of such conditions, Harrison writes, is emerging as a critical theme
for multilateral institutions like the World Bank.
Globalization in the Philippines
Globalization implies the interaction among the people, businesses, and governments of
different nations. It is a process that involves the worldwide movement of people, knowledge,
ideas, goods and money that has led towards economic, political, social and cultural integration.
The Philippines is one of the countries in Asia that has been greatly affected by
globalization. Ever since the country signed agreements with WTO (World Trade Organization)
in 1995, the Philippines has participated in the process of globalization. From then on, the nation
had hope for WTO to improve the nations poor economy and also to partake a role within the
global economy and trade. Currently, globalization is very effective in the Philippines. It has
allowed major changes in the nation such as increased labor, and more Filipino and foreign
companies have arisen in the nation intended to help the countrys developing economy.
The country had high levels of education and English literacy due to the influence of the
United States, decent savings rates, and an export-oriented agricultural sector that generated
more than sufficient foreign exchange. The industrial sector was growing rapidly and the country
had one of the highest per capita incomes in Southeast Asia.
There was a lot to look forward to on the economic and business front. The Philippines is a
country of ups and downs of visible consumption of devastating poverty, hunger and suffering.
The economy is basically agricultural, with rice, corn, and kamote, the staple food crops. In
aggregate, about two-thirds of Filipinos continue to depend on the agricultural sector. The
Philippines is rich in natural resources, as reflected in the fact that foreign exchange earnings
have derived largely from export of primary commodities.
Among the minerals that the Philippines produces are copper, gold, nickel, chromium,
iron, and manganese. It is estimated that 90% of the country's mineral resources are
undeveloped. However, the costs are high according to the international standards and many gold
mines and other operations are not economically at its best. The Philippines global economy
remains in shift and the nation has been living through a period of increasing instability.
Globalization, whether individuals favor it or not, is taking place at a rapid pace, integrating
more and more of the nations and world economy. Philippines have four regions that
globalization has targeted and these four are: liberalization, mobility of capital, technology, and
management of organization through private and public sectors.
Capital now moves according to the dictates of markets, not of governments. The
governments today no longer possess the reserves to materially affect the global capital markets.
With its great confidence on joining the WTO, the Philippines are still lagging behind its
Southeast Asian neighbors in terms of economic performance. Whereas, the Philippine economic
growth was second only to Japan s in the 1960s. But when the nation joined the WTO in 1995,
the Philippines had entered the global economic game with its domestic political economy
unprepared and undeveloped.
As a result, the Philippines was unsuccessful to make the kind of organized
socioeconomic environment that would have prepared the country for global competition. There
are many things that globalization brought rapid changes into the Philippine society. With its vast
development, it has brought about technologies mostly computers and software and also telecom
companies are being introduced into the market. With globalization, such technologies were
influenced by Philippines neighboring Asian countries like Malaysia and China, and even Japan.
With globalization, it has opened its economy to foreign trade and investment. Furthermore,
globalization has allowed Filipino workers to travel the world, but most head for the Middle
East, East Asia, the US and Canada and Europe due to better economies and better money.
Filipinos working overseas numbered more than three million - about 10 percent of the labor
force. The total number of overseas Filipinos may be as high as eight million, according to the
government.
Those Filipinos working overseas send about $10.7 billion back to their families or
relatives in the Philippines in 2005. In contrast, the question that the Filipino society asks
themselves is: Can the Philippines handle globalization? Many Filipinos believe that
globalization has done nothing for their country. And this is due to the poverty that has been
becoming worse each year. The Philippines is still corrupt and still faces economic and political
problems, therefore, the nation and its people does not trust the process of globalization. The
majority of Filipinos believe that globalization has brought about problems and conflict rather
than changes. The people of the Philippines mostly rely on its leaders because its the leaders
whom the society believes and trust for the people know that the leaders are the ones that can
make the whole Philippine society better and much more developed or well-organized. So,
globalization has to take place within the country in order to make such changes happen. Due to
the process of globalization in the Philippines , poverty level has been increasing.
Overall, the Philippines is a developing country that is bound to develop due to globalization.
Globalization can change the Philippines into a better nation if the Philippine leaders make their
economy more advanced through global trading and allow more foreign investors to the help
boost the economy. However, since the poverty level is still increasing, most Filipinos has
managed to find work overseas and they have managed to seek better living than in the
Philippines. The most effective factor in the Philippines is education. The societys mentality is
to be educated and its with education that people in the nation see their opportunity for a better
life in the future.
JUDGE
II.
Now we all know the main purpose and the effect of globalization, we must now
understand what does the Bible and the doctrine of the Catholic Church say about
Globalization?
No matter what your individual hardships or circumstances may be, your life as a
Christian will work out for the Lord's good. Every circumstance in life is able to work
together for a good result, If we love God and are in the kingdom of faithful.
Principles of Globalization
Principle is based on the fact that the original source of all that is good is the very act of
God, who created both the earth and man, and who gave the earth to man so that he might
have dominion over it by his work and enjoy its fruits
The universal destination of goods requires a common effort to obtain for every person
and for all peoples the conditions necessary for integral development, so that everyone
can contribute to making a more humane world
Invitation to develop an economic vision inspired by moral values that permit people not
to lose sight of the origin or purpose of these goods, so as to bring about a world of
fairness and solidarity
Encyclicals about Globalization
Centesimus Annus
Today we are facing the so called globalization of the economy, a phenomenon which is
not to be dismissed, since it can create unusual opportunities of greater prosperity. There is a
growing feeling, however, that this increasing internationalization of the economy ought to
be accompanied by effective international agencies which will oversee and direct the
economy to the common good, something that an individual State, even if it were the most
powerful on earth, would not be in a position to do. In order to achieve this result, it is
necessary that there be increased coordination among the more powerful countries, and that
in international agencies the interests of the whole human family be equally represented. It is
also necessary that in evaluating the consequences of their decisions, these agencies always
give sufficient consideration to peoples and countries which have little weight in the
international market but which are burdened by the most acute and desperate needs, and are
thus more dependent on support for their development. Much remains to be done in this
area.
Globalization gives rise to new hopes while at the same time it poses troubling
questions. Globalization is able to produce potentially beneficial effects for the whole of
humanity. In the wake of dizzying developments in the field of telecommunications, the growth
of the system of economic and financial relations has brought about simultaneously a significant
reduction in the costs of communications and new communication technologies, and has
accelerated the process by which commercial trade and financial transactions are expanding
worldwide. In other words, the two phenomena of economic-financial globalization and
technological progress have mutually strengthened each other, making the whole process of this
present phase of transition extremely rapid.
In analyzing the present context, besides identifying the opportunities now opening
up in the era of the global economy, one also comes to see the risks connected with the new
dimensions of commercial and financial relations. In fact, there are indications aplenty that
point to a trend of increasing inequalities, both between advanced countries and developing
countries, and within industrialized countries. The growing economic wealth made possible by
the processes described above is accompanied by an increase in relative poverty.
Looking after the common good means making use of the new opportunities for the
redistribution of wealth among the different areas of the planet, to the benefit of the
underprivileged that until now have been excluded or cast to the sidelines of social and
economic progress. "The challenge, in short, is to ensure a globalization in solidarity, a
globalization without marginalization". This technological progress itself risks being unfairly
distributed among countries. In fact, technological innovations can penetrate and spread within a
specific community only if the potential beneficiaries have a minimum level of knowledge and
financial resources. It is evident that, because of the great disparities between countries regarding
access to technical and scientific knowledge and to the most recent products of technology, the
process of globalization ends up increasing rather than decreasing the inequalities between
countries in terms of economic and social development. Given the nature of the current
dynamics, the free circulation of capital is not of itself sufficient to close the gap between
developing countries and the more advanced countries.
"Globalization must not be a new version of colonialism. It must respect the diversity of cultures
which, within the universal harmony of peoples, are life's interpretive keys. In particular, it must
not deprive the poor of what remains most precious to them, including their religious beliefs and
practices, since genuine religious convictions are the clearest manifestation of human freedom.
III.
ACTS
After all of these things, what is the advantage and disadvantage of globalization not only to
the Philippines, but also to the whole world?
Advantages
1. Free trade - Is a way for countries to exchange goods and resources. This means countries can
specialize in producing goods where they have a comparative advantage (this means they can
produce goods at a lower opportunity cost). When countries specialize there will be several gains
from trade such as a greater choice of goods or bigger export markets for domestic use.
2. Free Movement of Labor - Increased labor migration gives advantages to both workers and
recipient countries. If a country experiences high unemployment, there are increased
opportunities to look for work elsewhere. This process of labor migration also helps reduce
geographical inequality. This has been quite effective in the EU, with many Eastern European
workers migrating west. Also, it helps countries with labor shortages fill important posts. For
example, the UK needed to recruit nurses from the south east to fill shortages.
3. Increased Economies of Scale - Production is increasingly specialized. Globalization enables
goods to be produced in different parts of the world. This greater specialization enables lower
average costs and lower prices for consumers.
4. Greater Competition - Domestic monopolies used to be protected by lack of competition.
However, globalization means that firms face greater competition from foreign firms.
5. Increased Investment - Globalization has also enabled increased levels of investment. It has
made it easier for countries to attract short term and long term investment. Investment by
multinational companies can play a big role in improving the economies of developing countries.
Disadvantages
1. Free Trade can Harm Developing Economies - Developing countries often struggle to compete
with developed countries, therefore it is argued free trade benefits developed countries more.
2. Environmental Costs - One problem of globalization is that it has increased the use of nonrenewable resources. It has also contributed to increased pollution and global warming.
3. Labor Drain - Globalization enables workers to move more freely. Therefore, some countries
find it difficult to hold onto their best skilled workers, who are attracted by higher wages
elsewhere.
4. Less Cultural Diversity - Globalization has led to increased economic and cultural hegemony.
With globalization there is arguably less cultural diversity, however it is also led to more options
for some people.
Youth on Globalization
Effects on Youth
Many young people especially in developing countries remain marginalized from the
global economy. They are incapable of accessing the opportunities that globalization offer
due to inadequate resources.
Young people are in the process of establishing a sense of identity in what is essentially
an insecure world, and this underlying instability may serve to magnify the tensions and
lack of control they experience on a daily basis. Globalization can intensify social
divisions, and as young people are struggling to establish themselves in a new social
contextthe sometimes intimidating adult worldthey may be perceived as being
particularly vulnerable to the threat of segregation or exclusion.
Effects of globalization are unstoppable, and that globalization is a process young people
react to rather than actively negotiate. The inherent differences in young people, togeth-er
with the wide range of interpretations regarding the significance of various aspects of the
youth experience, make it difficult to produce an objective overall assessment of their
current situation.
Its the primary duty of governments to ensure youth get access to higher education to
meet the needs of the changing labor market.
Youth are the passive recipients or vulnerable victims of the sorts of trends
ACTION
- Another is to be true to ourselves and others. Being into trends, criticizing others, and not
believing in ourselves are a few of the causes of globalization. It all comes down to, human
ethics. Knowing what is right from wrong and lessen judgments, segregation and exclusion
IV.
REFLECTIONS
Ajayi, Quennie-Globalization is the system of interaction among the countries of the world
in order to develop the global economy. It refers to the integration of economics and societies all
over the world. Globalization involves technological, economic, political, and cultural exchanges
made possible largely by advances in communication, transportation, and infrastructure.
There are many advantages of globalization such as increased free trade among nations,
increased liquidity of capital allowing investors in developed nations to invest in developing
nations, reduces cultural barrier and reduces the likelihood of wars among nations. It really helps
for the people who work abroad in many different ways. However, globalization can also be
disadvantageous as it might affect the nations to lose its own culture and just be like any other
nation.
Alot of people all over the world are migrating to other places because they want to have a
better life. They try to look for their luck in the countries where there are more opportunities to
get a good and stable job. However, it is unavoidable that sometimes, they tend to do it in an
illegal way. Just imagine our fellow Filipinos who live in other countries who cannot go home to
the Philippines because they might not be able to go back to their work. Thinking about it makes
me feel bad in a way because they are not with their families. They sacrifice their own happiness
in order to give their loved ones money or to provide them with their basic needs.
I think that things like this can be avoided if we only give our very best in making our
country more competitive and nationalistic. Im still hoping that one day, the Philippines can be
as successful as China. If we learn how to appreciate our culture and try to enhance our talents
and skills in different fields, there will be more jobs for the people and the economy of our
country will be better.
Alcuizar, Ma. Kaiserine- They say that all thing has its pros and cons but what if if the
negative effects outweigh the positive ones? What if it starts to harm than to help? Globalization
has become one of the many issues in our society. Yes, globalization somehow unites nation but
it also increases the gap between the poor and rich. It promotes inequality. The only people that
benefit from globalization are those with power. Local culture and traditions change as well as
language due to globalization. it ruins local companies and industries. It indirectly supports
colonial mentality. In the Philippines, Filipino, our national language, is gradually becoming our
second language for we focus now on learning English. Though it is good, isn't it disturbing?
They want us to be competent but for whom? For the sake of other countries? Poor countries got
no chance on developing and improving. We remain on where we are while they continue on
dominating. Globalization starts harming our environment, too. Resources are used up resulting
to scarcity. Pollution due to improper disposition of waste from products that are transported to
different countries . Globalization is a problem. And solution can be found in us. So, why don't
we start solving?
Amurao, Richmond- Globalization can erase a part of us. Due to our inclination towards
other countries as a standard of what is rich or competent, we forget a part of us , Another
aspect conquered by globalization, is the quality of education in the country. The K-to-12
curriculum has showed this particular outcome. Even human resources are affected by this.
Filipinos migrate, or become OFWs to cope up with the effects of poverty and as well as to
introduce our race as hardworking, patient, and polite workers. Not only that, but even our way
of living, down to the music choices, up to the evolution of society, we are globalized. The
teachings of our ancestors are slowly fading away only to be gradually washed away by the
teaching and thinking of the foreigners to which we put high regard and pride every time they
acknowledge our existence as if they are bosses that we look up to.
David, Patrick- Globalization is a very important aspect that our country needs in order
to progress in life. And although it has some of its downsides, there are a lot of benefits we can
take from it. One of its benefits is that it develops the income of people, their business and the
industries they work on. It also helps people from other countries from around the world to come
together and share their thoughts and ideas in helping to create and improve our way of work.
Globalization also advertises other peoples ideas to other countries in order for them to learn
about it and turn their idea into reality in their current place they live in. The downside are that it
may also affect other business by degrading their value, stock and demand due to competition
but it wont matter as long as the business that are improving are not only helping their industry
but also helping our country.
Delmendo, Christine- Globalization is fairly a new word but is truly a complicated
issue. Its supporters argue that it has the potential to make this world a better place to live in and
solve some of the deep-seated problems like unemployment and poverty. However, some do
believe that globalization is an economic tsunami that is sweeping the planet. We cant stop it but
there are many things we can do to slow it down and make it more equitable. It is necessary to
evaluate the pros and cons before drawing out any conclusions.
Mercado, Bianne Lerine- Globalization is the most incredible step of human beings to
interact with different races and countries. It is a way to improve the communication of nations.
But there are always disadvantages. In this field, poor people can get much poorer because
human beings with higher level of education will take advantage of their weaknesses. Greed
becomes a trend to all people who discovers that they too can take advantage of gullible men.
Temptations arise greatly due to fast way on discovering things like seeing in the internet that
exotic animals are being raised by other people in other countries, so people who saw that will
now have lust on having that too. Balance is the key so that advantages will be greater than
disadvantages. Living the life with God will make this happen by not giving in to temptations
showed to us by the human world.
Globalization has numerous positive effects. One advantage of globalization is that many
companies, nowadays, are moving towards the developing countries to obtain labor force; thus, it
has led to generation of various employment opportunities. Another crucial advantage is the
spread of education as a result of a huge number of educational institutions around the globe.
Because of this, many people can integrate with different cultures and learn from different people
due to globalization. Moreover, it has also a big contribution regarding cheaper prices since
globalization has brought in fierce competition in the markets. For instance, instead of having to
buy something made in the U.S, a person can buy the same thing made in another country but in
a more affordable price. In addition, globalization has also a great impact in communication.
Information technology has prominently developed and it brings the countries closer since it is
easily accessible almost all over the world. Aside from communication, transportation has also
greatly improved. Nowadays, with various modes of transportation accessible and efficient, one
can effortlessly deliver the products around the world. Furthermore, because of globalization,
international trade has enlarged and proved beneficial to businesses. Lastly, Gross Domestic
Product, the monetary value of the nations total economic activity has increased thanks to
globalization.
Philippines is one of the developing countries that is rapidly dealing with globalization
ever since the influence of the US during the World War II. I believe that this will make a great
impact in the Philippines because the whole society relies on westernization due to globalization.
With globalization, I think that the Philippines can change into a better nation if the economy
becomes more advanced through global trading and allowing more foreign investors to improve
the economy. By achieving these goals, the Philippines would be able to reduce the poverty level
as well as increase labor force for job opportunities that are in need for a living.
Sto. Domingo, Ma. Alexandra- The research our group made on 'globalization' paved
way to a better understanding of it for me and how it affects us. Globalization strengthens the
interaction and socialization among people of different nations. Its' process greatly affects the
human's well-being, environment, economy, and especially on culture. Culture and traditions are
very significant and any impact made on culture affects the Filipino person significantly.
However, an impact on culture does not always have a positive effect, it can have negative ones
too. For example, English has become a language commonly spoken in our streets today, not to
mention it is an important language for us to be globally competitive. However, as the usage of
the English language increases, the native dialects and our national language are spoken less and
undervalued.
In short, the effects of globalization can either be good or bad, it depends on the matter at
stake. However, I do believe that globalization should be controlled for it may pave way to
powerful countries dominating smaller countries like the Philippines.
V. REFERENCES
Compendium of the Social Doctrines of the Church
The Churchs View on Globalization
http://hubpages.com/politics/Globalization-in-the-Philippines
http://www.rappler.com/thought-leaders/92887-doloricon-education-globalization-killsculture-poor-countries
http://www.rappler.com/move-ph/112671-globalization-exploitation-inequality-walklumad
http://www.globalization101.org/what-is-globalization/
http://www.buzzle.com/articles/advantages-and-disadvantages-of-globalization.html
http://searchcio.techtarget.com/definition/globalization
http://smallbusiness.chron.com/effects-economic-globalization-developing-countries3906.html
http://www.economicshelp.org/blog/401/trade/what-caused-globalization/
https://www.openbible.info/topics/globalization