EU also have stakes in Philippine import and export , it is largely dominated by U .S . economic interests . At present , the tenets of globalization are firmly enshrined in economic policies of recent and current governments . The large-scale privatization of public utilities involved in energy production and distribution , education and others are already underway . The deregulation of the prices of basic commodities such as oil and gas has been instituted since 1995 . The liberalization of trade and agriculture has opened up...
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