Why many international companies are building their offices and factories here in the Philippines?
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Why many international companies are building their offices and factories here in the Philippines?
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The Impact of Globalization in the Philippines
In the Philippines, globalization has brought many job opportunities to all Filipino people. The government encourages foreign companies to establish business and open many jobs to Filipino workers even abroad. The impact of globalization helps the Philippines community to be more aware of what happens to the Philippines, it also gives the idea to many Filipino people to have more knowledge and information on the Philippines society. At present globalization is more effective in the Philippines, it helps to improve the local and foreign companies, the culture, the education, and the development of the economy.
What is Globalization?
Globalization is the growth of international trade, investment, technology, and information all over the world. It is the merge of all Asian countries with each other. Technology is a big factor in globalization. Advanced and modern technology can help each nation to access borders and top increase the economic growth of each country. Globalization expands more in terms of the social, cultural, legal, and political. Each country has its own cultural globalization and they represent and exchange it to other countries about the new ideas and values of their country. They also share the development of their country and help some countries if needed.
In the Philippines, globalization is important in how it works in the economy and the development of technology. Globalization helps each country to have cooperated to help each other and be united. Globalization is formed to process goods, services, and people around the world. It works for every people to move and work in a different country as well as the goods of each country can also be imported and exported to a different country and destination. It helps every nation to develop a global economy and increase the income of each country.