Philippines Case Study

My short paper will focus on the Asia Pacific Region, specifically Chase Manhattan in the Philippines. In this short paper I will focus on the history, Politics, economics, business and social aspects that effect Chase Manhattan’s business relationship and future growth in the region. Many attributes effect the overall performance of a corporation especially when a division or part of the organization is offshore. Chase Manhattan works to positively support/influence these parts of Philippines’ infrastructure.

The economy in the Philippines has struggled significantly over the last 100 years due to heavy foreign debt. There is a large overseas workforce existing in the country that has caused 50% of the population to stay below the poverty line and causing the overall unemployment rate to remain over 10% for 20th century (currently below 7%). The Philippines had rapid growth in the 70’s but that slowed in the 80’s & 90’s but as seen through companies like Chase Manhattan growth as increased significantly in the 2000’s. The Philippines currently has the 41st largest economy in the world. 56% of the Gross Domestic product is in the service industry- the remaining 44% comes from exports and agriculture. Projections have the Philippines in the top 20 largest economies on the world by 2050.

The history of the Philippines has mirrored the economy in terms of the significant positive change than has occurred over the last 50 years. In the mid-80’s the country had many obstacle to overcome “ national debt, government corruption, coup attempts, disasters, a persistent communist insurgency, and a military conflict with Moro separatists) as it returned to a democratic government. Since then we have seen a fairly unstable government with significant corruption up until recently. The current government is set up similar to our with a president, congress, senate and supreme court but there have still be several attempts in the last 10 years to move away from this form...