Globalization is the inexorable integration of markets, nation-states, and technologies to a degree never witnessed before in a way that enables individuals, corporation, and nation-states to move around the world farther, faster, deeper, and cheaper than ever before, so that the world reaches individuals, corporation, and nation-states farther, faster, deeper, and cheaper than ever before. Such mobility mean that the spread of free-market capitalism to virtually every country in the world with the idea that the more one lets market forces rule and the more one opens the economy to free trade and competition , the more efficient and flourishing the economy becomes. It is a worldwide process of accelerating economic and other linkages and interdependencies, intended and unintended, that are intertwining spawning lives and destinies of people from East to West, North and South, spawning new ways.
This concept has to be critically investigated in the light of the Third World’s experience, especially the Philippines where small entrepreneurs might be placed at a disadvantage because they cannot with the multinational companies
