Philippines Case Study

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Introduction The Philippines is a series of islands off the coast of mainland Southeast Asia. The archipelago had been colony of both Spain and the United States before 1946 when, “the Philippines attained its independence under a U.S.-Style constitution (Youngblood Coleman 1). While the country is rich in a number of natural resources, there are signs of economic hardship, such as high rates of unemployment and underemployment. These high rates have led to great disparities of wealth in the country. As far as trade goes, the Philippines deals mostly with intra-industry trade and has a 13.95% value of trade. While the country has developed over time in general, there are various degrees of development and some agricultural regions are…show more content…
The countries that the Philippines exports to are, “Japan 22.5%, US 14.1%, China 13%, Hong Kong 9.1%, Singapore 7.2%, Germany 4.3%”(United States Central Intelligence Agency [USCIA]), while its imports are sent from “China 15%, US 8.7%, Japan 8.1%, South Korea 7.8%, Singapore 7%” (United States Central Intelligence Agency [USCIA]). These numbers show that while the majority of their trade occurs with members of the neighborhood, there is still important trade relations with other countries, specifically with the United…show more content…
Some of the groups in which they are involved in in this region promote things such as economic cooperation. An example of this type of group would be the Asia-Pacific Economic Cooperation or APEC. APEC seeks to “raise living standards and education levels through sustainable economic growth and to foster a sense of community and an appreciation of shared interests among Asia-Pacific countries” (Moon). The Philippines is also involved in macro-regional groups that are interested in developing political stability in the region. One group, which is an example of this, is the Association of Southeast Asian Nations or ASEAN. ASEAN’s focus is to “promote regional peace and stability through abiding respect for justice and the rule of law in the relationship among countries of the region and adherence to the principles of the United nations” (Association of Southeast Asian Countries). Overall, the Philippines participates in a large number of different organizations in their
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