Globalization strongly influences how the Philippine economy grows, changes, and competes in the global market. In this lesson, you will examine how globalization affects jobs, industries, trade, and income in the Philippines. You will explore both opportunities and challenges faced by Filipino workers and businesses. By understanding these connections, you will be better prepared to think critically about the country’s economic direction in a globalized world.
🎯 Learning Goals
By the end of the lesson, you will be able to:
- Explain how globalization affects the Philippine economy.
- Identify at least three sectors influenced by globalization.
- Analyze the effects of globalization on Filipino workers and businesses.
🧩 Key Ideas & Terms
- Economy – system of production, distribution, and consumption of goods and services.
- Export – goods and services sold to other countries.
- Import – goods and services bought from other countries.
- Foreign investment – money invested by foreign companies in local businesses.
- Labor force – people who are working or willing to work.
- BPO industry – business process outsourcing sector serving global clients.
- Remittances – money sent home by Overseas Filipino Workers (OFWs).
- Competition – rivalry among businesses in the market.
🔄 Quick Recall / Prior Knowledge
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Name one industry in the Philippines connected to other countries.
Show Answer
Examples: BPO, agriculture exports, manufacturing, tourism.
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Why do Filipinos work abroad?
Show Answer
For better job opportunities and higher income.
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What happens when local products compete with imported goods?
Show Answer
Local businesses may struggle or improve to stay competitive.
📖 Explore the Lesson
Read each checkpoint and connect the ideas to real economic situations in the Philippines.
Checkpoint 1: Global Trade and the Philippine Economy
Mini-goal: Understand how trade links the Philippines to the world.
Guided discussion: Globalization allows the Philippines to export products such as electronics, agricultural goods, and services. At the same time, the country imports fuel, machinery, and consumer products. Trade increases income but also exposes local producers to strong competition.
Real-life tie-in: Philippine bananas and electronics are sold abroad, while gadgets and vehicles are imported.
Mini-summary: Trade connects the Philippine economy to global markets.
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Why are exports important to the economy?
Show Answer
They generate income and create jobs.
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What is one risk of relying heavily on imports?
Show Answer
Local industries may weaken.
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How can trade improve living standards?
Show Answer
By increasing income and access to goods.
Checkpoint 2: Foreign Investment and Local Businesses
Mini-goal: Examine the role of foreign investments.
Guided discussion: Foreign companies invest in Philippine industries such as manufacturing, energy, and services. These investments can bring technology, skills, and capital. However, they may also dominate markets and challenge small local businesses.
Real-life tie-in: International fast-food chains compete with local restaurants.
Mini-summary: Foreign investment brings growth but increases competition.
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How do foreign investments help the economy?
Show Answer
They create jobs and introduce technology.
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Why do small businesses struggle?
Show Answer
They cannot match prices and scale of large firms.
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How can local businesses adapt?
Show Answer
By improving quality and innovation.
Checkpoint 3: Filipino Workers in a Global Economy
Mini-goal: Analyze globalization’s impact on Filipino labor.
Guided discussion: Globalization creates jobs in BPOs and overseas employment. Remittances from OFWs support families and the economy. However, workers may face job insecurity, long hours, and separation from families.
Real-life tie-in: Many Filipino families depend on remittances from relatives working abroad.
Mini-summary: Globalization provides jobs but creates social challenges.
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Why do Filipinos choose overseas work?
Show Answer
For higher income and opportunities.
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What are the benefits of remittances?
Show Answer
They support families and boost the economy.
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What social cost do OFWs face?
Show Answer
Family separation and stress.
Checkpoint 4: Inequality and Economic Challenges
Mini-goal: Identify economic challenges caused by globalization.
Guided discussion: Not all Filipinos benefit equally from globalization. Some sectors grow faster than others, increasing income gaps. Rural areas and small producers may be left behind, creating inequality.
Real-life tie-in: Urban areas often benefit more from global investments than rural communities.
Mini-summary: Globalization can widen economic inequality.
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Who benefits most from globalization?
Show Answer
Urban workers and skilled professionals.
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Why do rural areas lag behind?
Show Answer
Lack of infrastructure and investment.
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How can inequality be reduced?
Show Answer
Through education, support for local industries, and fair policies.
💡 Example in Action
- Electronics made in the Philippines are sold abroad.
Show Answer
This shows export-driven globalization.
- Foreign companies open factories locally.
Show Answer
This shows foreign investment.
- OFWs send money to their families.
Show Answer
This shows labor globalization and remittances.
- Local stores close due to imported products.
Show Answer
This shows increased competition.
- BPO workers serve international clients.
Show Answer
This shows service globalization.
📝 Try It Out
- Name two exports of the Philippines.
- Name two imported products.
- How does globalization affect Filipino workers?
- Why are remittances important?
- Give one challenge faced by local businesses.
- Which sector benefits most from globalization?
- Which sector benefits least?
- How can education help in a global economy?
- Why is fair competition important?
- How can Filipinos prepare for global competition?
✅ Check Yourself
- True/False: Globalization affects the Philippine economy.
Show Answer
True
- Which is an example of export?
Show Answer
Electronics sold abroad.
- What sector employs many Filipinos globally?
Show Answer
BPO and overseas work.
- True/False: All Filipinos benefit equally from globalization.
Show Answer
False
- Why is globalization challenging for small businesses?
Show Answer
They face strong competition from large firms.
🚀 Go Further
- Research one Philippine export product.
- Interview a family member working abroad.
- Create a chart showing economic effects of globalization.
- Write a short reflection on OFWs’ role.
- Design a plan to support local businesses.
🔗 My Reflection
Notebook task: Write 6–8 sentences.
- How does globalization affect the Philippine economy?
- Which effect is most visible in your community?
- How can Filipinos benefit more from globalization?
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