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The economy of the Philippines is an emerging market, and considered as a newly industrialized country in the Asia-Pacific region. [31] In 2024, the Philippine economy is estimated to be at ₱26.55 trillion ($471.5 billion), making it the world's 32nd largest by nominal GDP and 13th largest in Asia according to the International Monetary Fund.
AmBisyon Natin 2040 (literally "Our Ambition 2040") is the twenty-five-year long term vision developed by the Philippine government as a guide for development planning. [1] [2] It is designed to overcome the challenges brought by the Philippines' current political system, which is bound to the limits of the country's six-year presidential terms. [3]
More specifically, the Global North consists of the world's developed countries, whereas the Global South consists of the world's developing countries and least developed countries. [3][5] The Global South classification, as used by governmental and developmental organizations, was first introduced as a more open and value-free alternative to ...
Economic globalization refers to the widespread international movement of goods, capital, services, technology and information. It is the increasing economic integration and interdependence of national, regional, and local economies across the world through an intensification of cross-border movement of goods, services, technologies and capital ...
The economic history of the Philippines is shaped by its colonial past, evolving governance, and integration into the global economy. Prior to Spanish colonization in the 16th century, the islands had a flourishing economy centered around agriculture, fisheries, and trade with neighboring countries like China, Japan, and Southeast Asia.
Saskia Sassen (born January 5, 1947) is a Dutch-American sociologist noted for her analyses of globalization and international human migration. She is a professor of sociology at Columbia University in New York City, and the London School of Economics. The term global city was coined and popularized by Sassen in her 1991 work, The Global City ...
Modernization theory holds that as societies become more economically modernized, wealthier and more educated, their political institutions become increasingly liberal democratic. [1] The "classical" theories of modernization of the 1950s and 1960s, most influentially articulated by Seymour Lipset, [1] drew on sociological analyses of Karl Marx ...
Multilingualism and globalization. Globalization has had major effects on the spread and ascribed value of multilingualism. Multilingualism is considered the use of more than one language by an individual or community of speakers. [1] Globalization is commonly defined as the international movement toward economic, trade, technological, and ...