Philippines' Progress Towards Global Economic and Political Integration: Harmful

or Helpful?
(Word Count: 1,657)

Introduction
The exchange of capital, technology, human resources, and cultural resources on
a worldwide scale is what is referred to as globalization. International business
operations are facilitated by it. The infrastructure, health care, and education are
all improved. Global economic, political, and cultural integration are the results.
The Philippines has seen great success with it. Since 1995, when the WTO
agreement was signed, the economy has seen a dramatic transition as a result
of the labor movement and numerous businesses stepping up to support it.
Because of the daily increase in international travel and trade, globalization has
always played a crucial role in the Philippines. Through promoting and expanding
connections between various communities and regions around the world,
globalization has a significant impact. The ongoing global economic and political
integration that is taking place in various parts of the world is primarily involved
in this. These economic integrations are international economic activities that
span several nations. It directly affects international trade in goods and services,
which has helped the Philippines for a very long time to focus on industries
where they have a competitive advantage. Global economic and political
integrations have not brought harm to the Philippines and the Filipinos. The
demand for political integration leads to a worsening of the numerous
rivalries between the various nations involved in global market transfers.
Reason 1
With satellite offices and branches, multinational firms function on a worldwide
scale and offer 24/7 customer support. Businesses from the West with offices in
the Philippines may significantly outperform those with nearby offices. Setting up
an office overseas is now easier than ever because to the readily available tax
reductions, rewards, and other benefits provided by the Philippine government.
The Philippines is home to a rising number of international organizations, which is
something of a miracle fastest-growing region of the nation. Incredible $8.9 billion
was produced in 2010, followed by $11 billion in 2011, $15 billion in 2013, and
is expected to reach $21.2 billion in 2015. The forecasts claim that it will reach
$25 billion in 2016 and up to $28.1 billion by 2017.
Counterargument 1
The most well-known obstacle to the vast array of international organizations,
however, is the loss of sovereignty. Financially, multinational corporations are
amazing. They disregard the interaction between public requirements and host

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country internal problems. The developers of the impact approach to secure their
advantages. The risk of losing influence and autonomy exists for host countries.
Large financial strategies are in place by multinational corporations for market
expansion and growth. They put local businesses in competition, as they typically
do. Generally speaking, they will get infrastructural power that is restraint.
Multinational corporations extract assets from host countries in exchange for
perks, interest payments on credit, sovereignties on licenses, board expenditures,
and other services. Typically, multinational corporations (MNCs) offer short-term
employment.
The trade-off typically has an impact on smaller private sector businesses
because the incorporation interaction effectively offers more illustrious businesses
putting up foundations a much larger possibility to participate to international
trade. Another thing to keep in mind is that, in contrast to regular workers, of
whom there are too many in the Philippines, the assurance of better available
opportunities typically applies to experts. During the Asian Crisis, The Philippines
saw some decline, which can be attributed to MNC’s leaving. Chinese-backed
MNCs went out of business, which led to a modest financial decline and
enabled GMA to take over. Nevertheless, despite the many modernizations the
nation has adopted, the World Bank and International Finance Corporation (IFC)
rank the Philippines 138th out of 185 economies in terms of making collaboration
easier and emphasizing the value of local information. With the exception of
private department inclusion, the Philippines ranks last on all lists for effective
credit-simplifying measures, followed by the World Bank and IFC. Another
concerning area is financial backer assurance, which places the nation in 128th
place worldwide.
Reason 2
Although literature suggests that the benefits of globalization have been unevenly
distributed in many countries, some theorize that it may be a factor in the
Philippines' rising pattern of income inequality. Economic integration is said to
have strengthened the global economy and improved welfare generally.
Counterargument 2
Global economic integration frequently benefits the nation's employment growth
and economic development. Trade transparency and foreign portfolio flows have
resulted in stronger per capital GDP growth in the Philippines with the
introduction of FX liberalization policies. An increase in OF remittances has
resulted in higher consumer expenditure, investment, worker productivity, and
economic growth. OF remittances have historically supported the Philippine
economy during both normal and emergency circumstances, and this pattern is
anticipated to continue.

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Reason 3
Give countries, groups, and non-governmental organizations more freedom and
influence. Reduced restrictions on cross-border trade in goods between member
states are a factor in the Philippines' interest in the ASEAN Free Trade Area.
Additionally, this permits the exchange of a wider variety of services and other
comparable goods among ASEAN citizens, ultimately leading to the creation of
more open positions for all parties concerned. For the Philippines, the balance
between the ASEAN member states' import and export terms was optimal and
typically favorable. This suggests that the country's food supply has increased
essentially in line with that of the other ASEAN members. The interaction of
political reconciliation would frequently result in the nation being a part of
international organizations that focus on each of its subjects' prosperity over a
wider scope. The World Health Organization (WHO), whose primary focus is on
public health, and the United Nations Office on Drugs and Crime (UNODC),
whose primary objective is to support governments in combating crimes like
illegal intimidation and unlawful, are two of these organizations that the
Philippines is a part of.
Counterargument 3
The ability of powerful nations to influence politics within their economic
community is typically a result of political integration. China's alleged influence
over the World Health Organization's response to the COVID-19 epidemic is an
example of how easily pressure may be used to persuade a weaker nation to
enact policies and laws that benefit more stable nations while essentially
rendering the weaker nation explosive. All legislators collectively delayed their
response, which was attributed to the who's chief general reiterating the CCP's
claims about the underlying incident in China. These accusations sparked debate
over how easily the interests of one country may affect the objectives of a big
association, like the WHO.
However, many countries' scenarios were obviously distinct from those of
ASEAN, pointing to a more powerful fictitious "club" of nations in terms of
governance effectiveness. The PRC's efforts to manage corruption drastically
declined between 1996 and 2009, and at the conclusion of the period, its
efficiency measure had fallen well below the frontier. The performance rating for
India increased significantly from below average to far above average. Another
issue brought up is the potential for inexpensive imports to penetrate local
markets, as well as the Philippines' poor governance and the so-called "Double
Standard" regarding ASEAN member-state non-interference. It's a double-edged
blade in that it has the ability to start and end talks.

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Reason 4
The Philippines would be able to thrive economically because to investments,
services, job skills, and open markets; gradually, the advantages would filter
down to the populace. They stated that collaboration is the key to ASEAN's
development. Multilateral economic integration of the Philippines is considerably
aided by participation in bilateral and international projects. Through involvement
in international organizations and partnerships like the Asian Development Bank,
the World Trade Organization, and the International Monetary Fund, the
Philippines is profoundly linked at a regional and global level.

Counterargument 4
According to a well-known government official, the Philippines' underdeveloped
integration, which is mostly rural, agricultural, and plagued by low productivity, is
to blame. The migration of rural workers from the interior to the wealthier
coastal regions, he continued, is largely responsible for China's achievement as
the world's most recent growth success story. The country has many
comparisons to other countries and is located in a vast territory with little
developed civilization. The contemporary industries of the Philippines have not
grown enough, and the industrial sector's expansion has been capital-intensive,
creating just a small number of jobs. At about the same time, the poor quality
of many people's education keeps them from landing better-paying jobs. Why?
mostly as a result of being uncivilized. Filipinos are known for their diligence,
yet that doesn't stop them from landing higher paying jobs. The fact that the
Philippines is a part of a large organization with other countries does not imply
that they will advance in civility. The Philippines' populace should start acting
more civilizedly because things like that don't work anymore.
Conclusion
To sum up, global economic and political integration benefits the Philippines and
Filipinos. Improvements in trade and a surge in capital from international
corporations spur leading growth. As a result, the economy is improved as it
extends new opportunities. As a result of economic globalization, production
takes place on a worldwide scale and money can move freely between nations.
It impacts the country's culture and preserves the equilibrium between developing
and industrialized nations. Between the nations, there is a sharing of political
concepts such liberal democracy and human rights. Globalization of the economy
and political integration in the nation are both having some issues.

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The Philippines continues to work toward betterment and keeps up with
worldwide progress in terms of infrastructure and environmental stability, but this
illustrates how the current global economic and political integrations still tend to
usually slow down the nation's collective efforts. The Philippines' genuine
capabilities when it comes to its people's abilities and intents are clearly
reflected and, at the same time, affected by such pertinent aspects as income
disparity, foreign exchange, government efficiency score, and involvement of
international organizations. Just consider the negative aspect of the situation:
There are many people in the Philippines who lack discipline. In a sense, the
Philippines' history goes well beyond what other nations would anticipate of them.
Nevertheless, they would prefer violate than take action that will make the country more
sustainable.