Economic Comparison: Philippines, Taiwan, Malaysia, and Indonesia
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Corporations seeking to globalize should be aware of the roadblocks and barriers they will have to face. In some cases, the barriers are easy to deal with; in other cases, they may prove insurmountable. In addition, the economic conditions in some countries promote efforts for globalization.
Tasks:
Research the economy of the Philippines and its neighboring countries--Taiwan, Malaysia, and Indonesia--and answer the following questions:
Each country is strong in which economic sectors?
Do the strengths of each country complement one another or do they directly compete with one another?
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Solution Summary
This solution provides a review and comparison of the national economies of The Philippines, Taiwan, Malaysia, and Indonesia.
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Regional economic integration
Taiwan is strong in the manufacturing sector which has been a driving force for the country's economic development. For over 50 years, Taiwan's government and private sectors have been working together so that they could continuously enhance the competitiveness of the industry and achieve a steady economic growth. This has resulted to Taiwan becoming the global center for IC foundry and flat panel displays and a general manufacturing power-house of high-tech products (U.S department of state n.d).
An analysis on Malaysia reveals that it is one of South East Asia's strongest emerging nations. The country has experienced strong economic growth rates which are forecasted to continue over the coming years. Industrialization ...
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