UNIT 2

ACTIVITY 3: DISCUSSION

 

1. In the case of the Philippines, how much do you think are we involved in the Modern

World-System? What do you think are the advantages and disadvantages of being part

of such. Use the space for your answer. Submit your work in your department/college

pigeon boxes or publish your blog on the webpage and turn in the link to the Google

Classroom on or before the date as reflected in your study schedule.

 

According to world systems theory, affluent nations are more powerful than impoverished countries because they profit from and exploit the people of other countries. It is also recognizes the minor benefits that low status nations in the global system obtain .According to the current world system theory, the globe is split into three kinds of countries of zones the core, periphery, and semi-periphery. The geohistorical system in which we live is a capitalist world-economy, such as the Philippines. Being a part of the modern world-system has advantages such as better transportation and health care, cheaper clothing, job choices, social advancement, and educational opportunities. On the other hand, it has disadvantages such as lack of privacy, environmental problems, and a lack of common courtesy wherein people interact.

 

 

2. How can we “upgrade” our economy given the strength of the global economy,

especially the giant economies like the United States and Japan? Use the space for your

answer. Submit your work in your department/college pigeon boxes or publish your blog

on the webpage and turn in the link to the Google Classroom on or before the date as

reflected in your study schedule.

 

It is not as easy as following traditional recommendations, many of which actually tend to make impoverished nations poorer. One is removing or decreasing barriers to foreign investor entrance. Unquestionably, the Philippines has opened up slightly, but it can only attract more investors if it has enough infrastructure, such as power, water, roads, and bridges, while electricity and running water are still scarce in isolated areas. Thus I do feel that by lowering limitations on international investors such as encouraging foreign competition in sector and lower equity limits, will aid in modernizing our economy. Improving port and logistics facilities is also important for lowering trade costs and removing non-tariff barriers and procedural roadblocks.

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