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Airish Joyce Benoza - Worksheet 2 - Global Economic Institutions (Short Research)
Airish Joyce Benoza - Worksheet 2 - Global Economic Institutions (Short Research)
INSTRUCTIONS:
This activity is geared towards familiarizing oneself to an international economic organization
(e.g. Asian Development Bank) or an international company (e.g. Honda, McDonald’s, etc.)
Discuss your points clearly. Don’t forget to cite your sources, use APA citation style. A
worksheet is provided here.
Do not copy-paste from the internet. You can read references (like articles and
researches) but make sure to write in your own words.
Huawei Technologies began as a rural sales agent for Hong Kong-based phone and cable
network companies in Shenzhen, China, in 1987. As China's urban population exploded from 1996
to 1998, Huawei began expanding into metropolitan areas.
Global management consulting firm McKinsey & Company predicts that China’s urban
population will hit the one billion mark by 2030 and have 221 cities with over one million inhabitants
by 2025 compared to 35 in Europe. Huge cities necessitate complicated communication networks,
and Huawei has continued to expand and meet this demand at a breakneck pace.
Huawei's products and solutions are currently in use in more than 170 countries, servicing
more than a third of the world's population. After Alcatel-Lucent and Cisco, Huawei is the third-
largest global maker of routers, switches, and other telecommunications equipment by market share,
and the company has lately entered the ultra-competitive smartphone race.
For many observers, Huawei has seemingly come out of nowhere to become one of the
world’s most dominant technology brands. Its biggest gains have come outside the public eye, as it is
primarily a business-to-business (B2B) firm. Huawei's expertise is used by phone and internet
carriers to provide services to clients under their own brands, not Huawei's. Due to its Chinese
origins, it was also unknown internationally. Huawei has been able to expand despite remaining
relatively isolated, with up to one-fifth of the world's population living within its own Chinese
boundaries.
MartinRoll Business and Brand (Feb. 2018) Transforming A Chinese Technology Business To A Global Brand.
https://martinroll.com/resources/articles/strategy/huawei-transforming-chinese-technology-business-global-brand/
How does this institution influence global economic activity? How does it affect economics in
the Philippines?
Huawei has an impact on global economic activity by continuing to provide services and products
to people who own smartphones and other devices, which have become an integral part of their daily life.
The smartphone's potential to cross the technology and infrastructural gap that exists in the
underdeveloped countries is another great impact. Mobile technology, particularly increasingly affordable
smartphones, holds enormous promise and economic potential for businesses all around the world.
In the Philippines, communication and collaboration skills have improved dramatically. Without a
doubt, the capacity to speak with people from all over the world has aided the Philippines' economic
development. In the Philippines, online retailers are becoming more well-known and lucrative, and people
with smartphones have access to hundreds of them.