Has Globalization gone too much or less?

"Globalization" never fails to ring a bell, isn't it? It is a topic that appears now and then with

courses focusing on society, economics, and politics. It is now where we have different points of

view about globalization, but as with every other term, it has a universal meaning. Globalization

aids nations to be connected by trade and technology, making the world more one than divided

("Globalization," 2022). If we observe closely how the world runs in this day and age, we are

experiencing globalization every single day, from personal items such as phones to public places

like malls. Most do not realize this, but globalization has integrated into most people's lives.

Technology made it prosper and accessible to every country; with this in mind, how far does

globalization progress? Did it go stagnant through these years or go further and beyond? Simply,

is it less than we anticipated or more? I believe we are not globalized enough, or even less than

we thought.

Many would disagree because many are under the impression that it is now an era where

globalization is evident in each person's daily life. A time where it benefits many, largely the

tradable sectors, such as businesses with the sole purpose of making a profit. Globalization is

now in boom more than ever, as people from all over the world more or less have connections

whenever they wanted to, and products from one country can be enjoyed by others. The market

became more and more liberated through the years.

But are we experiencing too much of what globalization has to offer? An article written by

Devarajan (2019) indicates otherwise. As mentioned, the tradable sectors are the sector

benefiting from globalization. He raised the question in his article, what about the non-tradable

sectors? Non-tradable sectors are business services, including transportation, real estate, and

public administration; these sectors are not meant for trading, but these sectors are to aid the

people for the common good ("Thinking global, developing local," n.d.). They do not benefit

from globalization as markets have fierce competition as trading has become liberalized in most

countries.

The main point is globalization has yet to liberalize all the two sectors of economics or economic

growth. There are still aspects that hinder a country's economy. As it is not liberalized enough,

non-tradable inputs have high prices for the production of tradable market products. High taxes

bears high prices (Whalley, 2002), making services such as roads and transport expenses to the

people, hence projects that are concerned with these sectors require a large budget that is often

not focused on. The people are not getting the service that they deserve. In the paper, he used

developing countries, Tunisia and India, and an undeveloped country, Africa, as an example. We

can correlate some ways the Philippines with these countries' problems. Tunisia has high prices

in telecommunications services and transportation, and low exports; There are insufficient full-

time grade school teachers in India, compromising the students' education as teachers can not

focus on teaching; and Africa's infrastructure deficit. All of these are the causes of not enough

globalization.
To reinstate, we are not having "too much globalization," but rather, we are not having enough or

less of it, mainly in the least developing or undeveloped countries. Globalization has many

advantages and disadvantages, and it is a case-by-case basis as government power varies in each

nation. Liberalization of non-trade sectors seems idealistic or unrealistic (I am not an expert but

with enough research), we can see how far globalization opens possibilities, such as a

competitive export market. It is not the sole key to healing all the problems of a country, but it is

a tremendous help to avoid the tremendous downfall of an economy. It is now a time to manage

carefully globalization and let it progress further.

References
Devarajan, S. (2019, September 3). Has globalization gone too far—or not far enough?

Brookings Institution.

https://www.brookings.edu/blog/future-development/2019/09/03/has-globalization-gone-

too-far-or-not-far-enough/

Globalization. (2022, May 19). National Geographic Society.

https://education.nationalgeographic.org/resource/globalization

Thinking global, developing local: Tradable sectors, cities and their role for catching up.

(n.d.). OCEDiLibrary.

https://www.oecd-ilibrary.org/sites/9789264293137-5-en/index.html?itemId=/content/

component/9789264293137-5-en#:~:text=Non%2Dtradable%20sectors%20include

%20construction,and%20public%20administration%20(OPQ).

Whalley, J. (2002, September). TAXES AND TRADE. World Bank.

http://www1.worldbank.org/publicsector/learningprogram/PracticalIssues/papers/

Taxation%20and%20trade/TAXES%20AND%20TRADERevisedDraft.doc