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Discussion Point:
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Current development
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related to entrepreneurship
worldwide and the various
aspects of globalization
Global Capitalism
Globalization
is characterized by free
circulation of capital worldwide
and regulation by market forces or
“free trade” where there is an easy
or “free” flow of goods from one
country to another because the
taxes coming into a country has
been lowered or even removed.
Global Capitalism
Globalization
People from other countries like
US (Ford), Japan (Toyota), and
Switzerland (Nestle) come to the
Philippines, bring in their capital
and technical knowledge, and
established business here with
Filipinos as partners or investor.
Global Capitalism
Globalization
In similar manner, some Filipino
companies have opened up branches
abroad such as San Miguel Corporation,
which set up a brewery in Hongkong,
Jollibee, which recently opened up
branches in US and Canada, and Bench,
which has opened a branch in China. These
are few of the examples that show what is
meant by free flow of capital and of
course, globalization.
Globalization
 On the other hand, when someone shops at the
nearest supermarket and department store,
even in tiangge, one will find many items such
as food clothing, and many household items
from places like Australia, China, US, Korea,
Thailand etc. The coming in of so many good
from other countries is another effects of free
trade, which points to globalization.
Globalization
Globalization was initiated in the 1950’s
in the US, then it swept through Europe in
the 1970s, Asia in 1980s, and it is still
progressing. Indeed, in the matter of trade
and exchange of goods, the world has
become much smaller.
 Reasons for the fast development of
Globalization
 Globalization has emerged because of the advances in
information, communication and transportation technologies
(ICT)

 There's are new techniques of production and new forms of

organization that have given flexibility to the location of
industrial activities and reduced the share of wages in
production

 In the international scene, the most influential organizations

notable the International Monetary Fund (IMF), the World
Bank (WB), and the World Free Trade Organization (WTO)
are promoting the emergence of a global market
 Reasons for the fast development of
Globalization
 Politically, the United states dominates the world scene and
dollar is the international currency. The collapse of the Soviet
Union and the unification of Germany have removed obstacle
to the spread of capitalism.

 Labor is becoming a dispensable commodity. A mobile phone

might be designed in London, made in Finland with parts
made in Canada, Philippines and the USA. Its easy for multi
national companies to close down its factory in one country
and transfer to another country.
 Reasons for the fast development of
Globalization
 The feeling pervades that the process of globalization and
economic integration is unavoidable. In many societies, the
politicians, the ordinary citizens and to some extent, the
intellectuals share the conviction that the economy and its
current evolution are the forces shaping human affairs and the
future of humanity
 THAT IS ALL
THANK YOU!!