A Linguistic Perspective on phonics:

Different people take different view about the phonics but still they have strong feelings about it.According to the word recognition view, readers must know the word then they should correlate the meaning of the word together to get the contextual meaning of the text.
As per the sociopsycholinguistic view the reader gets the meaning of the word in the context on the basis of their background knowledge.
Proponents of phonics says that the phonics should teach systematically to make successful.
Though the words phonics and graphophonics creates dilemma. Actually phonics is conscious knowledge which you learn but graphophonics is subconscious which you obtain during the time of the study other.
In my view meaning is possible only in the context.Single word without context can give meaning but not the clear one.Most of the time meaning is also depended upon the background knowledge of the reader. I think both views are important to obtain the meaning of the words.