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In looking at the Philippine economy, what  globalization perspective will  you most likely use if you are asked to analyze? Why? Explain your answer briefly.

Question

In looking at the Philippine economy, what globalization perspective will you most likely use if you are asked to analyze? Why? Explain your answer briefly.

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Solution

When analyzing the Philippine economy in the context of globalization, you would most likely use the International Political Economy (IPE) perspective. This perspective is useful because it considers the interplay between politics and economics in the global context, which is crucial for understanding a country like the Philippines that is significantly influenced by international forces.

The IPE perspective allows you to analyze how international relations and political processes affect the Philippine economy. For instance, you can examine how the country's economic policies are shaped by its relationships with other nations and international institutions.

Moreover, the IPE perspective also enables you to consider the impact of global economic trends on the Philippine economy. For example, you can analyze how global shifts in trade, investment, and technology affect the country's economic performance and development prospects.

In conclusion, the IPE perspective is most likely the most suitable for analyzing the Philippine economy in the context of globalization due to its comprehensive approach that considers both political and economic factors at the global level.

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