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1.Does the Philippines gets harmed when other countries transfer activities through outsourcing? No.
In
fact, the Philippines benefits from it. When a certain company in other countries involves itself in an
outsourcing , normally it brings harm locally than any other countries outside.
2. International organizations help our nation's economy by method of monetary support, giving in any
benevolent gifts, convincing foreign companies to set up a business in the Philippines, convincing tourist
to visit our nation. An international organization can provide security, trade opportunities, stronger
relationship possibilities and finally can give them a stronger voice in the international scheme of things.
International organizations can provide smaller states an opportunity for stronger economic power.
3. Rich Global Market Countries. In a sense Yes, it does threaten the status of the less developed
countries, for the title itself of being a developed country is a high status compared to the very living or
the normal system and progression from other countries who were not yet or not developed. There are
many inter-dependencies between rich and lesser developed countries that counteract the fear of the
OP.
•Large rich economies have positive externalities relative to the small ones. This is often due to
economies of scale and external effects of high education and an educated labor force and technological
know how. But these large economies allow the latter to benefit from the technological progress made
in the large countries. There is always a process of diffusion of technological innovation going on. And in
that way less developed countries also profit from both economies of scale and not having to invest in
the risky development of new innovations.
•Smaller less developed nations can also profit from exports to the large nations as these large nations
have huge markets for goods and services in particular for consumer products.
•Every country has a certain mix of population and industries composed of citizens with various aims,
resources, skills and values and differing production factors in particular natural resources and
climatological circumstances. Recall the law of comparative advantage (David Ricardo): Specialize and
trade in goods and services where there is a relative advantage.
•The mere existence of distance between countries, the need to transport goods and services and the
need to collect, rearrange and distribute these goods and services contributes to deepening and growing
of economic growth.
•Lastly, the idea of a global market ignores distance and difference of individual preferences and
resources so can lead to wrong inferences by globalists and their students. I know this does not make
me popular with students from lesser developed countries that follow the sirens of globalization.
PART 2
1. Over the past two decades, a fundamental transformation has taken place in the global economy
caused bythe impressive economic growth of developing countries like China, India, Brazil, and South
Africa. The economic center of gravity is inexorably moving toward the developing South.
2. The rural-urban gap remains the single most well-documented development and welfare disparity in
the economies of the Near East and North Africa (NENA). The gap between rural and urban areas can be
seen in the lower productivity of economic activities, higher poverty levels and lower quality
infrastructure and services in rural areas.
3. Since urban area provides the advantage of higher productivity, the resource shifting from rural to
urban sector leads to higher economic growth of the country through increasing rate of urbanization. In
this phase of development, demand and supply side economics play an important role.
PART 3
1.
Answer:
Modern World System
In the case of the Philippines, how much do you think are involved in the modern world system? What
do you think are the advantages and disadvantages of being a part of such?
Let's discuss first what is being asked as the Modern World System. Established by Immanuel
Wallerstein, this was an attempt to explain and correct the inadequacies of global systems in a global
scale.
Three Assumptions of the Modern World System:
The Social System: consists of cultural, political and economical

The World Economy: assumes that the world is divided into three main zones (Core, Semi-Periphery and
Periphery)
The Interpretaion: understood in state-strength ans cultural integration.
Having stated the assumptions of the Modern-World System we can now place our opinion in case of
the Philippines.
The Philippines is placed in the periphery of the World Economy. With regards to "how much is
involved?" as asked in the question as per looking at the assumptions the Philippines is greatly involved
in the Modern World System, in fact all countries are. We are being analyzed as a Third World Country
because of this assumption. Our economical ranking all over the word is classified as in the edges or in
the tail given that we don't have a strong economy to begin with.
Advantages and Disadvantages
Advantages:
The advantages of being in the Periphery are as follows:
We being workers from a country that belongs to the periphery of World Economy can provide cheap
labor of work force, That is why a lot of work are provided to us from first world countries or those
belonging from the Core like from US, UK, Canada etc.
We easily are provided aids whenever there are economic turmoils.
Materials provided by us are cheaper as compared from countries from the semi- periphery or the core.
Due to this cheaper raw materials means more profit for manufacturers or Business owners from core
countries.
Disadvantages:
The disadvantages of being in the Periphery are as follows:
Jobs are not available for all only the privileged ones that were able to attend HS/ college or are licensed
professionals.
Literacy rate is very very low that is why not all people are able to have a decent paying job.
Economic budget is being dragged to helping the less fortunate people.
2. Some the ways in which we can upgrade our economy, given the strength of the global economy
especially the giant economies like the US and Japan isthrough investing in the discounts and tax breaks
for the middle class in our economy by so doing the middle class will be motivated and will spend more
when less stressed.
3. We examine economic globalization in consideration of colonial history by learning and understanding

the paradigm shift between “closed door” mercantile systems like “colonialism” vs “open door”
economics where anyone can trade and do business with anyone else.
"Global free trade has done more harm than good"
“The global free trade has done more harm than good” Global free trade is happening between different
nations or countries where importing and exporting of goods, resources, information, services and
technology has no limit and no restrictions that incudes taxes, bans, and quotas. Free trade may have
good impact to our economy, but frequently it may cause harm and damage to our economic stability
especially to the workers. This may decrease competitiveness in the markets and may cost low demands
for the commodities and services locally. Free trade may generate more currency and may open up
more markets. All of this commodities and services being trade can be avail at cheaper rate or price. We
purchase goods or services that have low cost that makes disadvantage for the local markets and
workers. These may result to stagnation of wages, decrease demands, increased unemployment, and
under payed workers that outweigh the benefits of this global free trade. From this perspective, global
free trade provides more benefits for more corporation, but for the poor this is a problem for their
livelihood and can have serious negative impacts to other local workers and markets.

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1.Does the Philippines gets harmed when other countries transfer activities through outsourcing? No.

Modern World System

Three Assumptions of the Modern World System:

The Social System: consists of cultural, political and economical

The Interpretaion: understood in state-strength ans cultural integration.

Advantages and Disadvantages

The advantages of being in the Periphery are as follows:

We easily are provided aids whenever there are economic turmoils.

Economic budget is being dragged to helping the less fortunate people.

3. We examine economic globalization in consideration of colonial history by learning and understanding

"Global free trade has done more harm than good"

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