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Chinese Immigrants In The Philippines Case Study

708 Words3 Pages

Being in a region that is known for interconnectedness and exposure from other civilisations, the Philippines has a history of foreign settlement as expatriates, immigrants, colonists and traders from overseas have arrived in these islands. Such foreigners have made numerous contributions to Philippine society from creating businesses and industries to spreading cultural and political influence from their country of origin. One of the most prominent group of immigrants in the country are the Chinese. Due to its close geographic proximity as well as the rise of mercantilism in the Imperial times, numerous people originating from China have settled in the Philippines. Many Chinese-Filipino immigrants are notable for their entrepreneurial expertise and have established multi-billion dollar businesses known as “Taipans”, which have contributed to the country’s economic growth and industry (Santos, 2013). One of the Philippines’ most wealthy entrepreneurs …show more content…

illustrate the economic contributions by immigrants to the Philippines. Despite the fact that the Philippines was not their native land, many foreigners had the opportunistic spirit to enrich both themselves and the country they chose to settle in. In the same way that Ciriaco Gonzales Carvajal promoted the agricultural economy of the Philippines. Just like Carvajal, Sy had ended up in the Philippines initially as a mere obligation, but because of a sudden twist of faith both men ended up viewing the Philippines and its people, as a potentially successful country because of the flourishing resources and its heart-warming community that is able to commit to hard labor to produce goods or services that can compete with other international communities. With Carvajal’s Sociedad Economica, and Sy’s SM Corporation, they both ended up proving that the Philippines does have great potential in achieving economic success with the help of a few reforms in the way the system works in the

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