Research Article

The Relationship of Child Labor and Globalization in the Philippines

Authors

  • Cherry Anne Edora Business Economics, College of Commerce and Business Administration, University of Santo Tomas, Philippines
  • Narali Esteban Business Economics, College of Commerce and Business Administration, University of Santo Tomas, Philippines
  • Adeline Sandoval Business Economics, College of Commerce and Business Administration, University of Santo Tomas, Philippines

Abstract

The problem of child labor has long been studied by economists, and most of it focuses on the microeconomic perspective. For this study, the researchers have decided to shift their focus to macroeconomic analysis. This study focuses on the effects of globalization and economic growth on the prevalence of child labor in the Philippines, mainly focusing on globalization, by using time-series analysis. Studies suggested that there is an inverted U-shaped relationship between globalization and child labor in developing countries, while other studies have determined a U-shaped relationship. The findings of this study reveal that there is no U-shape relationship between the variables but instead follows a linear relationship between globalization and child labor in the Philippine context. However, the lack of data and research publication on a national scale could influence the empirical results. Furthermore, this research can be used as literature in future studies.

Article information

Journal

Journal of Economics, Finance and Accounting Studies

Volume (Issue)

4 (1)

Pages

222-231

Published

2022-01-16

How to Cite

Edora, C. A., Esteban, N., & Sandoval, A. (2022). The Relationship of Child Labor and Globalization in the Philippines. Journal of Economics, Finance and Accounting Studies, 4(1), 222–231. https://doi.org/10.32996/jefas.2022.4.1.14

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Keywords:

Globalization, Child Labor, Economic Growth, FDI, Trade Openness, Philippines