1.

Why does the Philippines import rice from other countries even though rice can be
produced in our country?
- The Philippines failed to adapt and upgrade technology (modernize), and there is no
clear policy to promote this sector in the Philippines. Irrigation has only covered a little
more than half of the rice farmlands so far. Also, Philippines' natural resources and crops
are dwindling, we're forced to buy rice from other countries. Fertilizer prices have
remained expensive due to a lack of or restricted availability of indigenous technology to
generate it in significant quantities. To summarize, producing it locally is more expensive
than importing it, especially in big quantities. It also doesn't help that the country has 20
typhoons on average every year, which have a significant impact on agriculture. In some
locations, farm-to-market roads are still not entirely functional. Furthermore, cartels that
control rice pricing continue to have an impact on the rice industry's economics, as
farmers are obliged to sell their produce at a lesser price, impacting their cash flow
dramatically.
2. Do you believe in "buying Filipino product" even if you have to pay higher price?
- Yes, many of the country's communities, both large and small, rely on MSMEs for
income. When you buy their items, you are assisting in the creation of more jobs for
Filipinos, particularly those who are unemployed. Furthermore, with about a million
MSMEs (Micro, small, and medium enterprises) spread across the archipelago, the
account for a third of the country's overall employment. This implies that by assisting
our Philippine MSMEs, you are also assisting our fellow Filipinos! In addition, when you
buy Philippine-made products from locally-owned MSMEs, your money stays in the
community because they also buy from other local businesses like banks, service
providers, and farms. As a result, the Philippines' economic foundation is strengthened,
allowing other local firms to thrive. In summary, Philippine economy's backbone and
lifeblood are micro, small, and medium companies. They account for 99.6% of all
enterprises in the Philippines, including food manufacturing, retail, distribution, and
services. These tiny enterprises contribute significantly to the country's economic
activity, ensuring that the wheels of our economy keep turning.
3. How can a small local business enterprise compete against global corporation?
- Small-business entrepreneurs can compete with larger enterprises for clients all around
the world because to the rising ease and cost of selling online. With 95 percent of the
world's population living outside of the United States, small businesses consider selling
their products and services worldwide as a huge opportunity for revenue growth. It’s
evident that getting a footing in a foreign market is difficult for enterprises that don't
have a well-known brand name. One advantage is that, because to their reputation for
quality, American goods and services are highly valued in other countries. After
obtaining a foothold as a new entrant, you can move upscale, supplying what
incumbents' mainstream customers want while maintaining the benefits that propelled
your early success. Disruption has occurred, and you have pierced the wall, when

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 mainstream customers begin to adopt your offerings in large numbers. The Disruptive
Innovation process is now complete. Now you could be the next disrupter's target!
4. Use the internet to compare and contrast globalism and internationalism.
- Globalism is a more general approach of interacting across national boundaries between
individuals and collectives (governments, organizations, etc.) in order to make foreign
policy more like global policies, demanding greater cooperation between nations and
other organizations while Internationalism is a newer term coined to explain how and
why globalization has become so essential in the international sharing of information
across borders that makes governments less important and human connections more
important. Also, Internationalism is defined as political, economic, and cultural
cooperation between states, whereas globalism is an ideology based on the concept that
people, goods, and information should be able to freely traverse national borders. In
summary, globalism refers to a variety of systems that are larger than just international,
while internationalism is a political principle that encourages states and nations to
cooperate more politically and economically. It is linked to various political ideas and
movements, but it can also refer to a philosophy, belief system, or movement in and of
itself.

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