Economics
Impact of Globe Telecommunications on the Economy of the Philippines HW

Question Description

I’m working on a Economics exercise and need support.

From a macroeconomic standpoint, discuss how Globe Telecoms impacts the economy of the Philippines:

- A script for a 3-minute video.

- Current economic stance of Globe in the PH and its determinants

- Must discuss how Globe currently affects the GDP, Forex Rate, Stock Market, and OFW Remittances of the Philippines.

- How Globe can improve, their plans for the future of the company and how it can affect economy

- How Globe affects interaction of PH with other countries

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Final Answer

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Running head: GLOBE TELECOM IN PH

1

Impact of Globe Telecom on the Economy of Philippines
Name
Institutional Affiliation

GLOBE TELECOM IN PH

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Impact of Globe Telecom on the Economy of Philippines
Globe Telecom Inc. is a recognized company in Philippines and in other regions of the
world. The company is in the telecommunications industry and provides the Philippines with
services as it is one of the biggest fixed-line, mobile, and broadband networks in the country.
Globe telecom has many subscribers in the Philippines, and its activities have an impact on the
national economy of the country. According to the report shared by the company, there are an
estimated 60 million subscribers as of 2017. It is important to recognize the activities that are
geared by the communication company and its impact on the economy.The following discussion
is an examination of the impacts of Globe Telecom in the Philippines. The exploration of these
impacts will also be done with a focus on the effect that Globe Telecom has on OFW
remittances, the Gross domestic product, forex rate, and the stock market.
Globe Telecoms starts operating in the Philippines in 1935, and over the years, the
company has grown and expanded to include subsidiaries and other shareholders. Some of the
principal shareholders for the company include Singapore communications and Ayala
Corporation (LaBrie & Vinze, 2010). The introduction of Globe telecom had an impact on the
country in various ways. One of the primary impacts of having the company operate in
Philippine...

Vndungu11 (14535)
Boston College

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