Businesses, economies, as well as the people that allow the society to run are

more unified and interlinked than before. This helps ease connections that leads to

differentiation, creativity as well as economic development. Through the help of these

links, economies gain from the information and knowledge and education of others, and

discover how to reproduce or alter minds to support their own needs. The rising

economic dependency between nations allows it to be possible to create political

confidence and establish the foundation of the flow of information that is accessible.

Despite international uncertainty aspects constantly shifting, the global political and

economic condition has mostly been characterized as beneficial, equal and open.

Businesses and economies are no longer separate entities; they are now part of a

complicated web of interactions. This is because globalization is an unstoppable

process. Not only does this global network make it easier to trade goods and services,

but it also makes it easier to share ideas and the best ways to do things. This can lead

to new ways to solve economic problems. As a result of building up human capital,

knowledge sharing becomes an important part of economic growth. Countries turn into

schools where cultural and educational exchanges build on local knowledge and

encourage cognitive diversity.

Also, when economies are interdependent, both countries have a stake in the

stability and prosperity of the other, which makes foreign relations more cooperative.

This economic relationship can make countries less likely to fight with each other

because they see value in working together instead of competing. The digital age

speeds up this trend even more by making information more accessible to everyone.

This means that even people in rural areas can join the global market and add to a pool

1
of knowledge. As the world becomes more linked, it is important to think about how

these changes affect not only economies but also social and cultural landscapes.

This highlights the need for policies that include everyone and make sure that

everyone benefits from globalization. The rate of international economic change in the

past decades show how far the developments are. This has been moving on for

thousands of years, and the origins as well as the impact have much context today.

Labor relations and economic opportunity produces general pressures that create

flexible and aggressive work regimes that balance development and interest. Economic

integration open so many opportunities in the Philippines including the one associated

with global competitiveness wherein local businesses can already market their product

internationally and they can render their services in a wide aspects.

Integration gives Filipino businesses access to wider markets for their services

and goods, thereby increasing the opportunities relating to export and potential

economic growth. By participating in global markets, the Philippines can reduce its

dependence on a single market and diversify export destinations, thereby reducing

economic vulnerability to economic downturns in specific regions. Not only that, it also

allows the Philippines to be known in different countries not only because of the talents

and skills that the citizens possess, but by the products that are worthy, and somehow

of high quality.

Economic integration didn't just introduce a large market and made businesses

internationally known as it is evident how it improves the quality of the products being

offered. Through integration local industries and different institutions were able to

2
promote knowledge through exchange as well as technology passage through

partnership, participation in global value chains, and cooperation. It encourages

efficiency and innovation and as the demand of the markets increases, this opportunity

allows businesses to ride on and cope up with various changes.

The process of integration encourages to cooperate in economic policies,

standards as well as frameworks to promote stability despite the ever changing

environment. Overall, it contributes to the countries growth, resilience, and

competitiveness especially when it comes to the measures that helps in maximizing the

benefits, and preventing the potential risks.

On the other hand, global political integration including initiatives like international

organizations as well as agreements can strengthen relations with other different

countries as well as promoting cooperation and contract of understanding. By

participating and joining in associations, meetings and forums like the United Nations,

the Philippines can acquire a platform wherein they can express their interests and

concerns on various international related issues. It also allows the country to be able to

develop policies and agenda that enhance the relations and treaties to the world.

It serves as the catalyst for an in-depth association between countries wherein

each may collaborate not just on planning, but also in execution of a project to facilitate

and found a movement of services as well as people across the borders. Integration

hears the voices of each country as they pursue their interests and advocate in order to

meet and achieve a common good and goals.

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 As part of the initiative relating to global political integration, the country has been

able to connect in global governance and have mechanisms as it contributes to the

enhancement of norms, standards, as well as regulations that affect aspects associated

with trading, human rights, and environment. Integration promotes compliance not just

to the rule of law and other domestic civil liberties, but also in equality and justice. It

provides opportunities to grow, to prosper, and understand a diverse and ever changing

environment.

Political integration is beneficial in improving cooperation, accountability and

stability of the system. Through the shared responsibilities which often aligned with the

interests and political systems, the country can able to consider the citizens as it is for

the benefit of all participating states. Integration can organize and streamline

governance by harmonizing policies, and it gives the country a chance to resolve

conflict, preserve the lawful rights, and negotiate and transact with other countries as it

addresses challenges.

Overall, economic as well as political integration is beneficial in the economy of

the country as it is beneficial in developing not just the policies that we have, but also

the businesses that contributed in the increase of the growth of the economy as they

became competitive globally. The rising economic dependency between nations makes

it possible to create political confidence. Despite the constantly changing environment, it

allows the country not just to adapt, but also to survive.

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References:

Alburo, F., (ND). Economic and Political Dynamics in Philippine Development. Retrieved

on March 16, 2024 from

https://pre.econ.upd.edu.ph/index.php/pre/article/download/944/863

CFI Team. (2024). Economic Integration. Retrieved on March 16, 2024 from

https://corporatefinanceinstitute.com/resources/economics/economic-integration/

Salcedo, J., (2023, May 24). Philippine International Trade Participation: Key to Boost

Economic Growth. Retrieved on March 16, 2024 from

https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4454229#:~:text=It

%20stimulates%20economic%20growth%2C%20provides,and%20development

%20in%20the%20Philippines