Growth and correlation of the economy and selected indigenous MNCs of the Philippines

College

Ramon V. Del Rosario College of Business

Department/Unit

Financial Management Department

Document Type

Article

Source Title

Journal of Business, Education and Law

Volume

15

Issue

1

First Page

68

Last Page

80

Publication Date

2010

Abstract

This paper highlights these important points: First, the growth correlation between the economy and selected giant indigenous multinational companies (MNCs): Second, the attributes of these MNCs and their impact on the Philippine economy, a Third World economy (euphemistically referred to, as developing economy).
The Philippines is a republic of 91 million people, distributed over 7,107 islands, 79 provinces, 117 cities, 1,501 municipalities, and 41,900 villages. Though they speak different languages and dialects, a large number of the inhabitants, nonetheless, can still speak English, and thus support a claim that they are the third largest English-speaking country in the world.
It is hoped that from the attributes of the surveyed MNCs, we may be able to identify or extricate a common pattern or paradigm for critical study and analysis of international business scholars and educators. For a developing or emerging economy, with per capita GDP of US $5,500, and with a pregnant Lorenz curve symbolizing the yawning gap and with disparity between the very few rich at the the apex of the socio-economic pyramid and the bleeding poor at the bottom., it may be anachronistic and even unthinkable to be talking of companies with extensive international operations; hence, this paper seeks to present some basic information and knowledge about these outstanding MNCs from the Philippines.

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Disciplines

International Business

Keywords

International business enterprises—Philippines

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