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

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 dependant 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.