IDEAS home Printed from https://ideas.repec.org/p/phd/dpaper/dp_2019-08.html
   My bibliography  Save this paper

Understanding the New Globalization: Implications for the Philippines

Author

Listed:
  • Briones, Roehlano M.
  • Abrigo, Michael Ralph M.
  • Quimba, Francis Mark A.
  • Dacuycuy, Connie B.

Abstract

The world economy has undergone at least three waves of globalization; currently the fourth wave is on-going, sweeping away old certainties are being overturned. The Philippines, which has hitherto been reaping the growth dividend from the third wave of globalization owing to a functioning democracy, achieving monetary stability, liberalization of trade, and related market reforms. In a fast-changing world, the strategies forged previously may need a fundamental rethinking to enable the country to survive, and thrive, in an era of global transition. There are four key features of the new globalization: economic restructuring; worsening global inequality; threats to international cooperation in providing global public goods (GPGs); and weakening of traditional ties of social cohesion and trust. The paper develops set of recommendations for policymakers and other stakeholders in the Philippines. Navigating the new globalization will be difficult, but not impossible: despite the drift towards mistrust and isolation, the paper argues for a renewed drive towards international cooperation, collaboration among public and private organizations, and adaptive policies in dealing with rapid economic and social change.

Suggested Citation

  • Briones, Roehlano M. & Abrigo, Michael Ralph M. & Quimba, Francis Mark A. & Dacuycuy, Connie B., 2019. "Understanding the New Globalization: Implications for the Philippines," Discussion Papers DP 2019-08, Philippine Institute for Development Studies.
    • Handle: RePEc:phd:dpaper:dp_2019-08
    as

    Download full text from publisher

    File URL: https://www.pids.gov.ph/publication/discussion-papers/understanding-the-new-globalization-implications-for-the-philippines
    Download Restriction: no
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:phd:dpaper:dp_2019-08. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Aniceto Orbeta (email available below). General contact details of provider: https://edirc.repec.org/data/pidgvph.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.