Nat Aid
EFFECTS OF GLOBALIZATION AND LIBERALIZATION ON THE LIVES OF FILIPINOS
Liberalization a policy under Globalization encourages the Philippines to open its doors to the entry of goods and services from allied countries. Bringing their investments, they build businesses, manage mining, provides ease to Export Processing Zones (EPZ) or foreign companies. Provides incentive to foreign companies and traders in the country. In a 60:40 split they are able to own local industries. On the other hand, they are being used due to the lack of capital and technology. Enables the entry of foreign goods and encourages competition with local products. Foreign products have much lesser prices that’s why it is able to eliminate local competitions. It paved the way for the collapse of many local industries though it increased foreign trade. Along with this the limitation on imports is being enforced to protect local industries.
THE MEANING OF DEREGULATION
Is the act of removing strict control of the government on laws in the regulation of some important industries. The reason given to deregulation is the presence of competitions on like products, high production and high prices. In deregulation the laws that control corporations are not removed but rather the restrictions relevant to these laws are a bit lessened. Market forces are given the right to determine market prices depending on the demand and supply of goods. One example that happening related to deregulation is that of the oil industry in the Philippines. Companies determine the prices on the prevailing world market prices. The government does not intervene but rather monitors only the movements of each company. Under regulation, the government determines the prices.
EFFECTS OF GLOBALIZATION AND DEREGULATION IN THE LIVES OF FILIPINOS
Deregulation is one policy under globalization. Under deregulation the strict control of laws on big industries are enforced. One of the biggest industries being deregulated is that of
Liberalization a policy under Globalization encourages the Philippines to open its doors to the entry of goods and services from allied countries. Bringing their investments, they build businesses, manage mining, provides ease to Export Processing Zones (EPZ) or foreign companies. Provides incentive to foreign companies and traders in the country. In a 60:40 split they are able to own local industries. On the other hand, they are being used due to the lack of capital and technology. Enables the entry of foreign goods and encourages competition with local products. Foreign products have much lesser prices that’s why it is able to eliminate local competitions. It paved the way for the collapse of many local industries though it increased foreign trade. Along with this the limitation on imports is being enforced to protect local industries.
THE MEANING OF DEREGULATION
Is the act of removing strict control of the government on laws in the regulation of some important industries. The reason given to deregulation is the presence of competitions on like products, high production and high prices. In deregulation the laws that control corporations are not removed but rather the restrictions relevant to these laws are a bit lessened. Market forces are given the right to determine market prices depending on the demand and supply of goods. One example that happening related to deregulation is that of the oil industry in the Philippines. Companies determine the prices on the prevailing world market prices. The government does not intervene but rather monitors only the movements of each company. Under regulation, the government determines the prices.
EFFECTS OF GLOBALIZATION AND DEREGULATION IN THE LIVES OF FILIPINOS
Deregulation is one policy under globalization. Under deregulation the strict control of laws on big industries are enforced. One of the biggest industries being deregulated is that of