Question

Is globalization, in all aspects, beneficial and advantageous to a developing country like Philippines? Why or why not? Defend your answer in 20 sentences.

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Answer 1

Answer:

Since the development of globalization in the Philippines, there have been many advantages that have occurred because of it. These things are very beneficial because they help the economy grow every day. ... Because of the industrial sector growth, the Philippines has one if the highest per capita incomes in Southeast Asia.

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.

Explanation: