The Philippines And The World Market Essay

This essay has a total of 367 words and 2 pages.

The Philippines And The World Market

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
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