Posts

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.

 In the situation of our country today, I think we are always involved in the Modern World System. Because human activities was making the whole world even closer to us and  it was already part of our daily activities. Like the imported products that we consume and everytime we access the Internet, we always engage with the modern world system. The advantages of being part of the modern world system is we can have an easier life, we can easily interact with the whole world, and it can also help our country to boast our economic development if being used in a right way. But the advantages of this is we might also loss the credibility of our own, like for example most Filipino's choose to buy imported products while forgetting to buy our own products, this was the best example of the loss of our countries wealth. 

2. How can we “upgrade” our economy given the strength of the global economy, especially the giant economies like the United States and Japan?

 For me, we can upgrade our economy given the strength of the global economy, especially the giant economies like the United States and Japan. If those large investors coming from United States and Japan with invest on our economy, we will surely have an economic upgrade. Because in the situation of our country we have a lot of laborer's but lock of capitalist, if those small capitalist in the Philippines were supported by large investor's in United States and Japan we can have a smooth economic flow and we can even have higher salary rates.