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Globalization is the network of economic links formed by worldwide commerce and investment in international economics. Although globalization has a long history, the contemporary age of globalization began in earnest in the early nineteenth century. Protectionism, which aims to safeguard home enterprises from international competition and labor markets, is the polar opposite of economic globalization, or free-market commerce across borders. Because a global market gives firms more access to manufacturing possibilities and customers, more items are accessible at a wider variety of pricing points. When nations trade and invest in a global financial market, they become increasingly interconnected and reliant on one another for specific commodities and services and this will benefit the Philippines. While globalization can help countries, it can also have negative consequences, such as job relocation and a lack of local firms. In poor nations, globalization helps firms to provide more employment and economic possibilities, but overall economic growth may be slow or stagnant. To be sure, The advantage is that we can communicate throughout the world, resulting in a global connection between customers and producers through the creation and development of lower-cost products. The downside is that there is a conflict-causing barrier between affluent and poor countries.