Topic 03: Advantages & Disadvantages Of Globalization Flashcards
(20 cards)
It is an Advantage. Globalization fosters diplomatic
relations, leading to stronger trade partnerships and political alliances. An example is the Philippines’ membership in ASEAN (Association of Southeast Asian Nations), which promotes regional cooperation in trade, security, and political dialogue, contributing to a more peaceful environment.
Peaceful Relations – Economic/Trade and Political Partnerships
It is an Advantage. Global companies invest in the Philippines, creating jobs for locals.
Employment – Job Opportunities
It is an Advantage. Benchmarking, International Scholarships, Exchange Students: Globalization gives
Filipino students the opportunity to study abroad or have foreign students come to the Philippines.
Education
It is an Advantage. Filipino manufacturers and producers are
compelled to meet international quality standards.
Product Quality
It is an Advantage. The influx of global products and services creates competition, which leads to lower prices. Imported goods like electronics
Cheaper Prices
It is an Advantage. Communication technologies like the internet and social media platforms (e.g., Facebook, Instagram) allow Filipinos
to access global news, trends, and products, enabling real-time interaction and transaction
Communication
It is an Advantage. International airlines and shipping
companies improve transportation efficiency
Transportation
It is an Advantage. Economic integration boosts the country’s GDP. For example, the Philippine economy has been growing due to remittances from Filipinos abroad and foreign direct investments (FDI), contributing to a steady increase in the country’s GDP.
Gross Domestic Product (GDP) Increase
It is an Advantage. Less Restriction on Goods and Services: Free trade agreements,
like the Philippines-Japan Economic Partnership Agreement (PJEPA), promote trade by removing tariffs and quotas, allowing for cheaper imports and more export opportunities for local products.
Trade Liberalization
It is an Advantage. Improved connectivity through international flights and tourism promotion leads to an influx of visitors.
Easier and Faster Travel and Tourism Increase
It is an Advantage. Better Access to External Finance: Globalization allows the Philippines to
access international financial markets. The country has secured funding for large-scale infrastructure projects (e.g., “Build, Build, Build” program)
External Borrowing
It is a Disadvantage. The movement of people
and goods across borders increases the spread of diseases. COVID-19 is a clear example of how
globalization can lead to the rapid global spread of viruses. In the Philippines, the pandemic severely
affected public health systems, and HIV/AIDS cases have been rising due to increased mobility and risky
behaviors linked to tourism and foreign influences.
Health Issues
It is a Disadvantage. As Western culture becomes more dominant through
media, entertainment, and products, Filipino traditions and values may be overlooked. For instance, the
increasing popularity of Hollywood movies, Korean dramas (K-Dramas)
Culture Loss
It is a Disadvantage. Global industries often exploit
natural resources in the Philippines without regard for sustainability. Mining and deforestation for
agricultural and commercial purposes have led to environmental degradation.
Environmental Degradation
It is a Disadvantage. Globalization benefits
multinational companies and wealthy individuals more than the poor
Uneven Wealth Distribution
It is a Disadvantage. Globalization can exacerbate regional conflicts by introducing
foreign ideologies or economic pressures.
Conflicts – Terrorism and Violence
It is a Disadvantage. While urban areas like Metro Manila
benefit from technological advancements and global connectivity, rural areas lag behind. The digital
divide is evident in regions where internet access is limited, and there is insufficient technological
infrastructure, leading to unequal access to education, healthcare, and opportunities in business.
Disparity
It is a Disadvantage. The influx of foreign products and
multinational companies often leads to the decline of local businesses that cannot compete with global
brands.
Cut-Throat Competition
Enumerate the 11 advantages of globalization
-Peaceful Relations
-Employment
-Education
-Product Quality
-Cheaper Prices
-Communication
-Transportation
-Gross Domestic Product (GDP) Increase
-Trade Liberalization/Free Trade
-Easier and Faster Travel and Tourism Increase
-External Borrowing
Enumerate the 7 disadvantages
Health Issues
Culture Loss
Uneven Wealth Distribution
Environmental Degradation
Disparity
Conflicts
Cut-Throat Competition
