The Effects of Globalization on the Phillipines and India...

The Effects of Globalization on the Philippines and India Lloyd Wood In this paper the author will briefly look at the globalization of two nations, the Philippines and India. We will look at each country before globalization, the turning point where globalization began for each nation, and finally the effects of globalization on each country. This writer believes it can be successfully argued that the globalization of each country has improved the overall standard of living in each country. We will also look at the positive and the negative effects globalization has brought to each nation. Globalization In The Philippines The Philippines Before Globalization Throughout the last century the†¦show more content†¦Now at 9 in the evening the city was busy as young workers were in the streets heading to their jobs to start their work shifts at call centers, answering calls 9 PM to 5 AM from international markets. Service sectors have helped the economy grow up to 5% yearly and expects the number of jobs to rise to between 800,000- 1,000,000 from a base of 250,000 (Llitoro 2007).. Some Filipinos Many felt the Philippines were negatively impacted by globalization. Indigenous people such as local farmers with small plots of land could not meet the demands of globalized agriculture and lost or sold their family land to large farming corporations or mining companies looking for the mineral deposits underneath their land. Farmers were forced to move to urban areas to look for work or live in poverty. Since globalization had taken place agricultural jobs dropped from a third to a fifth of the nations GDP (Sibal 2010). These families have none of the education, technical, or computers skills needed to make a living in a global economy. One can easily imagine how the loss of family land, work, the movement of people who have lived in the same area for generations have caused some discontent. Some religious groups such as Muslims whose numbers and influence are growing on the Philippines are increasingly unhappy being und er Filipino rule. They are displeased with the moral liberalization that is inevitable whenShow MoreRelatedIndian Bpos- Waking Up the Philippines Opportunity Case Analysis776 Words   |  4 PagesI. Problems A. Macro- The major macro problems are surrounding the loss of the tax abatement in India as well as the weakening US dollar. Both of these issues make it incredibly expensive to do business in India compared to other locations like the Philippines. B. Micro- In India the transportation and infrastructure costs continue to hurt the bottom line. II. Causes- Tax abatement ended in 2009, transportation and infrastructure costs are not going away and other countries have more attractiveRead MoreBrain Drain5403 Words   |  22 Pages* Introduction of Brain Drain * Concepct of Brain Drain * How to stop Brain Drain * Solution Responsibility of Brain Drain * Influence of Brain Drain * Classification of Brain Drain * Problem of Brain Drain * Brain Drain in india * Globlisation of Brain Drain * Bibliography What Is Brain Drain? Brain drain is also known as â€Å"The human capital flight†. It can be simply defined as the mass emigration of technically skilled people from one country to another country. Brain-drainRead MoreDamodaran Book on Investment Valuation, 2nd Edition398423 Words   |  1594 Pagesinformation available at that time. Finally, information about the state of the economy and the level of interest rates affect all valuations in an economy. A weakening in the economy can lead to a reassessment of growth rates across the board, though the effect on earnings are likely to be largest at cyclical firms. Similarly, an increase in interest rates will affect all investments, though to varying degrees. When analysts change their valuations, they will undoubtedly be asked to justify them. In some