The Philippines and the World Market

April 7, 1997
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. …