Finance

1. Discuss objectively the impact of foreign investment in the Philippines commensurate 2005-2010. Be able to provide statistical data on foreign investment during the concerned period.

2. Comment on the statement: Globalization is a necessary evil.

3. Elaborate on the positive and negative aspect/impact those multinational companies have on the host country.

4. How do you account/explain for the failure of cooperatives in the Unites States as well as in the Philippines?

2. Comment on the statement: Globalization is a necessary evil.

Let’s first define what Globalization is, Globalization refers to the increasing unification of the world's economic order through reduction of such barriers to international trade as tariffs, export fees, and import quotas. The goal is to increase material wealth, goods, and services through an international division of labor by efficiencies catalyzed by international relations, specialization and competition. It describes the process by which regional economies, societies, and cultures have become integrated through communication, transportation, and trade.

Globalization is a process of interaction and integration among the people, companies, and governments of different nations, a process driven by international trade and investment and aided by information technology. This process has effects on the environment, on culture, on political systems, on economic development and prosperity, and on human physical well-being in societies around the world.

Globalization is deeply controversial, however. Proponents of globalization argue that it allows poor countries and their citizens to develop economically and raise their standards of living, while opponents of globalization claim that the creation of an unfettered international free market has benefited multinational corporations in the Western world at the expense of local enterprises, local cultures, and common people. Resistance to globalization has therefore taken shape...