International Business At The Philippines - 1888 Words

International Business in the Philippines International business in the Philippines has been a tough barrier to international investors and businesses alike. With the stories of corruption and bad business practices in the past have made international partners weary of doing business in the Philippines. However, with recent elections and a promise for a bright future, the potential gains for a rise in business and the lower risk of business failure, the Philippines is gaining recognition as one of the worlds’ fastest growing emerging markets. There are some key elements that a company needs to be aware of in the Philippines that include the allegations of corruption and some domestic policies and laws. After giving a brief background of the Philippines culture, I will discuss the political environment of the Philippines. After a giving some background information about the country in general, topics that will be discussed will be: Legalities that could affect international bus iness, geography and government economics, trading blocks and cross-national agreements. A summary will conclude this paper along with a closing statement as to why an international businesses should consider investing in the Philippines. The Philippines is an archipelago with over 7,000 islands and a population of over 100 million situated in the Southeast corner of Asia. â€Å"In 1898, the Philippines became the first and only colony of the United States. Following World War II, the Philippines regainedShow MoreRelatedThe Harvest Box Is An Australian Organic Foods Retailer1649 Words   |  7 PagesAs foreign investment and international trade continue to drive globalisation, many companies are excited by the prospect of entering international marketplaces. 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