the new world's system advantages and disadvantages in relation to the philippines being a third world of the country.
10paragraphs essay plss
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the new world's system advantages and disadvantages in relation to the philippines being a third world of the country.
10paragraphs essay plss
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The new global order has brought with it both advantages and disadvantages to the Philippines as a third world country. Over the years, the Philippines has been grappling with a host of economic, social, and political challenges, some of which have been exacerbated by the current global order. In this essay, I will explore the pros and cons of the new world order on the Philippines and offer insights on how the country can leverage the opportunities presented by the global economy.
Advantages
1. Access to markets - The new global order has opened up new markets for the Philippines, especially in Asia, which has become a hub of economic activity. This has boosted the country's exports and helped to diversify its economy.
2. Technological advancements - The Philippines has benefited from the technological advancements of the new global order, which have improved communication and made it easier for the country to connect with the rest of the world.
3. Investment opportunities - With the rise of multinational corporations, the Philippines has become an attractive destination for foreign investment, which has created jobs and spurred economic growth.
4. Remittances - The new global order has created more opportunities for Filipinos to work abroad, which has led to an increase in remittances, providing a boost to the country's economy.
5. Access to information - The new global order has made it easier for the Philippines to access information and knowledge, which has helped to improve education and boost innovation.
Disadvantages
1. Unequal distribution of wealth - The new global order has led to an unequal distribution of wealth, with the rich getting richer and the poor getting poorer. This has exacerbated poverty in the Philippines.
2. Exploitation of labor - The rise of multinational corporations has led to the exploitation of cheap labor in the Philippines, with workers being paid low wages and subjected to poor working conditions.
3. Brain drain - The new global order has created more opportunities for Filipinos to work abroad, which has led to a brain drain, with skilled professionals leaving the country in search of better opportunities.
4. Environmental degradation - The new global order has led to environmental degradation, with industrialization and urbanization leading to pollution and climate change.
5. Dependence on foreign aid - The Philippines has become dependent on foreign aid, which has created a culture of dependency and hindered the country's ability to become self-sufficient.
Conclusion
Overall, the new global order has brought both advantages and disadvantages to the Philippines as a third world country. While the country has benefited from access to new markets, technological advancements, and investment opportunities, it has also been plagued by poverty, exploitation of labor, brain drain, environmental degradation, and dependence on foreign aid. To leverage the opportunities presented by the global economy, the Philippines needs to address these challenges and work towards creating a more equitable and sustainable society. This will require a concerted effort by the government, the private sector, and civil society to promote inclusive growth, social justice, and environmental sustainability.
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