Chapter 4: The Philippine Environment for Entrepreneurship

International Centre for Settlement of Investment Disputes (ICSID)

-Administered the majority of all international investment cases -It is the forum for investor in most of international investment treaties in numerous investment laws and contracts

World Trade Organization (WTO)

-Formerly known as General Agreement on Tariffs and Trade (GATT) -Deals with the rules of trade between nations, settles trades disputes and conduct straight negotiations

4, 922, 251

MSMEs total number of jobs generated in 2017

International Bank Reconstruction and Development (IBRD)

Offers loans to middle-income countries to develop and improve their economy

International Development Association (IDA)

Provide loans and grants programs that boost economic growth, reduce inequalities and improve people's living conditions

International Monetary Fund (IMF)

Provides short term loans to countries when an emergency occurs

International Finance Corporation (IFC)

Providing loans for private sectors in developing countries to create markets that open up opportunities for all

Multilateral Investment Guarantee Agency (MIGA)

to promote foreign direct investment (FDI) into developing countries to help support economic growth, reduce poverty and improve people's lives

Association of Southeast Asia Nations (ASEAN)

which one of the aim is to accelerate economic growth, social progress and cultural development in the region through joint endeavors in the spirit of equality and partnership in order to strengthen the foundation for a prosperous and peaceful community of Southeast Asian nations.

MSME

is defined as any business activity or enterprise engaged in industry, agri-business and/or services that has: (1) an asset size (less land) of up to PhP100 million; and (2) an employment size with less than 200 employees.

6.7% or 528, 033

jobs generated by medium enterprises

30.3% or 2, 369, 748

jobs generated by micro enterprises

25.9% or 2, 024, 470

jobs generated by small enterprises

924,721

number of business enterprises operating in the Philippines.

0.44% (4, 044)

percentage of large enterprises

99.56% (920, 677)

percentage of micro, small, and medium enterprises

World Bank

The international financial solution that provides loans to countries of the world for capital projects. It was established by the United Nations Monetary and Financial Conference or the Bretton Woods Conference.

ASEAN Free Trade Area (AFTA)

a trade bloc agreement by the Association of Southeast Asian Nations supporting local trade and manufacturing in all ASEAN countries, and facilitating economic integration with regional and international allies.