In the case of the Philippines, how much do you think are we involved in the modern world-system? What do you think are the advantages and disadvantages of being a part of such?
The Philippines is placed in the periphery of the World Economy. ... We are being analyzed as a Third World Country because of this assumption. Our economical ranking all over the word is classified as in the edges or in the tail given that we don't have a strong economy to begin with.
