The Philippines and the World Market

Topics: Cold War, Soviet Union, Philippines Pages: 2 (373 words) Published: October 8, 1999
The Philippines and the World Market

The Philippines is considered to be one of the most westernized countries in Asia. It has strong ties to the United States and the United Nations. In fact, It is the only charter member of the U.N. in all of Southeast Asia.

The United States has a very close relationship with the economy and culture of the Philippines. For instance, Filipinos have a strong resentment toward communistic countries. During the cold war, the Philippines supported America by consistently being hostile toward communist countries, and did not maintain diplomatic relations with the Soviet Union or any other communist state.

The United States is the largest foreign consumer of Philippine products. In many ways the survival of the philippine economy depends on the united States. We purchase almost all of the sugar exports, most of the coconut oil, embroidery, at least half of the base metals, and a fourth of the lumber. The United States supplies most of the Philippine imports of machinery, dairy products, cotton, papers, drugs, automobiles and much or the petroleum products. Although countries like Japan, Canada Australia, and New Zealand are getting more and more involved in trade with the Philippines, America remains to be the Philippines most important trading partner.

When America acquired the Philippines and established free trade in 1909, the economy of the islands was tied to that parent country. As a result, the Philippines became almost entirely dependent

upon United States markets. Thus,
America has had a strong influence on not only the economy of the Philippines, but also the politics of it.
The United States established a public education system in the Philippines in the early 1900¹s. Although they were not American schools they had many similarities. American teachers were used as well as American books. The teachers also taught in english. The Philippine government is even designed after the American system and...
Continue Reading

Please join StudyMode to read the full document

You May Also Find These Documents Helpful

  • into the world Essay
  • Essay about World War 2 in the Philippines
  • Philippines Market Segmentation Essay
  • World and Philippine Problems Essay
  • Mixed Market Economy for the Philippines Essay
  • Essay about Market Structures in the Philippines
  • Natural Gas World Market Essay
  • Globalization: Economics and World Market Essay

Become a StudyMode Member

Sign Up - It's Free