The world is in constant motion, it's simply economics. Economics is the study of the production and distribution of goods, services and wealth. It also concerns the allocation of scarce resources. In class, we gave 50 % to the economic aspect we attribute in our whole lives. And we rely on our resources, our own and of others to sustain ourselves. Since not a single country can possess all the resources it needs, it banks on the imports and also exports to provide for other countries as well.
Technology has rapidly changed the way we manufacture and exchange our resources. Over the years, it has made it easier and faster to not only communicate but transport the resources from other ends of the world. It has also helped create a more efficient system of monitoring transactions of businesses. But as we can clearly see not all countries have the needed technology in order to participate globally. There is a huge gap to which developing countries are falling behind.
We can see that as a developing country as well, the Philippines is creating such an effort to put more technology into use. Although it really is unfair that we usually export our raw materials which should be ours to manufacture into goods, we don't have the needed equipment to make them. That is why there needs to be an equilibrium, we should always be a more industrial centered country, where we can manufacture our own goods. This will enable us to progress in full bloom.
Technology has rapidly changed the way we manufacture and exchange our resources. Over the years, it has made it easier and faster to not only communicate but transport the resources from other ends of the world. It has also helped create a more efficient system of monitoring transactions of businesses. But as we can clearly see not all countries have the needed technology in order to participate globally. There is a huge gap to which developing countries are falling behind.
We can see that as a developing country as well, the Philippines is creating such an effort to put more technology into use. Although it really is unfair that we usually export our raw materials which should be ours to manufacture into goods, we don't have the needed equipment to make them. That is why there needs to be an equilibrium, we should always be a more industrial centered country, where we can manufacture our own goods. This will enable us to progress in full bloom.
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