HomeJournal of Business, Education and Lawvol. 15 no. 1 (2010)

Growth Correlation Of The Economy And Selected Indigenous MNCs Of The Philippines

Eduardo P. Garrovillas | Ahmed M. Meandahawi

Discipline: Economics

 

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, more than 160 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 $5,000, and with a pregnant Lorenz curve symbolizing the yawning gap and wide disparity between the very few rich at 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.