The Philippine economy, much like many other Emerging Market Economies (EMEs),

has experienced growing integration with the global economy. This is apparent in the
overall uptick in both trade in goods and labor migration. Additionally, there is
observable progress in financial integration, although it has been at a somewhat
moderate pace.

•ECONOMY - Local Education Provider.

The arrival of the American invaders ended the military structure of governance and
introduced political and economic changes. On February 13, 1901, the 27th president of
the United States, William Howard Taft, organized and inaugurated a civil form of
government in the old Escuela de Artes y Oficios de Bacólor, later known as the
Pampanga School of Arts and Trade and was known as the Don Honorio Ventura
Technological State University, and is now known as Don Honorio Ventura State
University in Bacolor, Pampanga, the first state university in Pampanga., is considered
the oldest vocational school in Far East Asia. During the second semester, A.Y. In
2018–2019, there were 23,478 students enrolled in the university.
Additionally, in order to serve students who are unable to travel far from home for
college due to family obligations, employment, financial constraints, or other
circumstances, Bacolor, Pampanga, assigned six satellite campuses, which are situated
in Porac, Mexico, Santo Tomas, Lubao, Apalit, and Candaba in the province of
Pampanga.

1. What are the main determinants of globalization in your assigned municipality?

2. How have changes in technology contributed to the globalization of markets and

production in your assigned municipality?
3. Explain how globalization has positively impacted poverty in your assigned
municipality.
4. What are the impacts of globalization on business in your chosen municipality?
Explain.
5. What are the impacts of globalization on cultural integration in your chosen
municipality?
The annual regular revenue of Pampanga for the fiscal year of 2016 was
₱2,700,334,650.72.

The CMCI is an annual ranking of Philippine cities and municipalities developed by the
National Competitiveness Council through the Regional Competitiveness Committees
(RCCs) with the assistance of the United States Agency for International Development.
Local government units in the country are ranked based on the four convergent pillars
namely Economic Dynamism, Government Efficiency, Infrastructure, and Resilience.

Pampanga is one of the premier provinces in Central Luzon, the rice producing region
of the country. It is ideally located close to Metro Manila, the country’s primary business
center. Pampanga is the home of many thriving industries that cater both to the local
and export markets. These industries include food processing, wood carving, pottery,
parol, wood furniture, metal craft, garments, electronics, and tourism, among others.

Pampanga has become a leading investment site for local and foreign companies
seeking to locate in the region.
The inflation rate is an important indicator of underlying cost pressures and a measure
of the province’s competitive position vis-à-vis other provinces.
Durran, M. G. (2009) “The Financial Condition of Pampanga” Philippine Management
Review