Benefit Of Globalization In The Philippines

The information revolution is sweeping through our economy. No company can escape its effects. Dramatic reductions in the cost of obtaining, processing, and transmitting information are changing the way we do business. “To get ahead in today’s business world, a company must utilize the right resources. One of the most effective, of course, is information technology (IT), which has become an essential tool for businesses across many industries” (2013). Information technology is more than just computers. Today, information technology must be conceived of broadly to encompass the information that businesses create and use as well as a wide spectrum of increasingly convergent and linked technologies that process the information. In addition to

Globalization is becoming the latest trend of the worldwide development and affects every single country, including Spain, with positive and negative effects. Spain is located in Southwestern Europe, which is the root of globalization. In the 15th century, some of the royal members from Spain commanded their sailors to travel the world to seek gold and other new trade routes; this action was regarded as the great geographical discovery and firstly developed the relation between the eastern and western countries. From 1959 to 1986, within four processes of liberalization Spain had become one of the most open countries; the openness ratio had increased 18.5% during the 13 years. Moreover, in 1986 Spain joined the European Union, one of the most powerful political and economic organizations, which help the rapid growth of economy in Spain (Aninat, 2001). Now in 21th century, globalization is defined as a process to improve different culture to communicate with each other, including economic, political and environmental aspects. It provides Spain the greatest opportunities to develop their economy, tourism, education and cultural industries. In addition to positive aspects globalization in this day also exist some hidden risks. According to Trading Economics (2016) the unemployment rate in Spain is close to 25% in recent years, which would increase the pressure to the local labor market. Furthermore, the growth in the number of temporary workers has brought adverse effects to

Looking Backward was a revolutionary novel for its time, and became Edward Bellamy’s most famous work. The entire premise of the book was to promote the benefits of socioeconomic reform in the United States. Bellamy argues that our current system of competition is wasteful of valuable resources. Instead, Bellamy suggests an economic system where the State owns and distributed all income and assets in the country. This idea of cooperation over competition is seen as superior and more efficient. Bellamy argues that working for the common good instead of for ones individualistic goals would improve the quality of life for the masses.

Nowadays people can communicate easily. They can share their ideas, their cultures even with people who are not in their countries. They can trade, transporting products around the world in just a few days. This is a big economy where everything related to each other. This is globalization.

Throughout the last decades, globalization became a real phenomenon, but history tells us that it is actually not a new social, historical phenomena, but has, under different names and manifestations, been with us for a long time. It is actually not only the continuation of the liberalization of international trade, which began in the mid-19th century with the launch of cross-border trade over long distances and later with intensive large-scale mobility of labor and capital. During capitalism, globalization has amplified due to the lust for profit, which is driven by capitalists across the globe. Indeed, globalization has significantly strengthened ever since. Today it is almost impossible to talk about goods produced in a

The current relations of the Pacific Rim’s Southwest Anchor are still similar the past relations. Due to Australia and New Zealand developing into modern countries, the relations have spread around the world. Australia and New Zealand still do most their trading with surrounding countries, but they have developed better relations with many countries. Australia and New Zealand now have worldwide trade routes and

The definition of Globalization according to “Business dictionary” means: The worldwide movement toward economic, financial, trade, and communications integration. Globalization implies the opening of local and nationalistic perspectives to a broader outlook of an interconnected and interdependent world with free transfer of capital, goods, and services across national frontiers. However, it does not include unhindered movement of labor and, as suggested by some economists, may hurt smaller or fragile economies if applied indiscriminately.”

I disagree with Nicholas Carr’s argument that IT doesn’t matter and his assertion that IT no longer gives a company a competitive advantage over their competition. He offered some clarification to his argument in which he stated that IT has become so commoditized much like using electricity or transportation, which is available for everyday public use and doesn’t afford a company any competitive advantage over their competition.

Today, there are increasing international brands set their factories in Vietnam such as Columbia Sportswear, L.L.Bean and Nike(DangThu,2011). It is not a secret that globalization is increasing substantially and creating new opportunities for Vietnam. As Wild and Han said, ‘Globalization trend toward greater economic, culture, political, and technological interdependence among national institutions and economic.’(Wild&Han, 2006:6) However, globalization not only took benefits to Vietnam. Globalization made negative and positive impacts on Vietnam in economy,culture and environment respectively.

Describe three of the environmental influences an organization faces. Provide one example of each and describe how an organization is impacted, either positively or negatively, by each:

As part of this research, which includes articles seminar paper, newspapers , textbooks , etc.

First of all, the most obvious advantage that the globalization brings about is that goods (such as car, laptop, smartphone, etc.) produced in one country can be sold in other countries .For the developed countries, now the can easily export their products and services to other countries to earn money. And for the developing countries, it can create opportunities of employment and reduce poverty, which is very good for the economy. The next positive aspect which is taken into consideration is that the developing countries now can receive sources of capital, new technologies from developed countries, which is very essential for the growth of a country. And in return, the developing countries let the developed countries’ companies do business in their countries. For instance, you can see McDonald’s store in almost every countries. In general, globalization has benefited both developing and developed nations, and became one of the most important factors that affect a country’s

Economic globalization refers to the free movement of goods, capital, services, technology and information around the world. Since the 1990s, due to the improvement of advanced communication technologies and the rapid expansion of multinational corporations, economic globalization has become an important trend of the world economic development. This trend not only provides a broader space for international markets for all countries, but also aggravates the competition among countries for market and resources. Economic globalization is an inevitable result of the development that no country can evade. In this paper, we will discuss that economic globalization is beneficial or not to developing countries.

Globalization has opened the doors between all businesses and countries worldwide, it has created connections without boundaries and a global exchange of information, cultures etc.

Despite of the great impact of it in the advancement of our country, globalization has been threatening our lives and the worst thing is that we, Filipinos, are not aware of this threat brought by the phenomenon. 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. The possibilities of the widespread of diseases