ACTIVITY 3: MARKET INTEGRATION

A. Choose an international economic organization (Asian

Development Bank European Investment Bank, etc.) or an
international company (Honda, McDonalds, Kimberly Clark,

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etc.);
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- Yakult has expanded its product line-up to include fermented
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milk drinks and other foods and beverages, cosmetics for
realizing healthy skin with the power of lactic acid bacteria,
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and pharmaceutical products predominantly in the field of cancer. At

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present, they research the pursuit of excellence in life

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science, develop products based on that research, manufacture

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products under advanced quality management, deliver

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products to customers at their homes and other locations via

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Yakult Ladies, and sell products at stores. These operations

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have expanded globally beyond the borders of Japan.

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 ACTIVITY 3: MARKET INTEGRATION

b. Research the origin and history of the institution you have chosen;
- In the early 20th century, when the future Dr. Shirota was still a young man, poor

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hygiene and nutrition led to the deaths of many people in Japan from infectious

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diseases such as cholera and dysentery. Disturbed by this reality, the young man set his

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sights on medicine and began studying at Kyoto Imperial University (now Kyoto
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University) in 1921. He started down the path of microorganism research, focusing on
preventive medicine, which places emphasis not on treating illnesses, but on trying to
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prevent them. As part of his research, he discovered that lactic acid bacteria suppress
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harmful bacteria in the intestines. In 1930, he succeeded in strengthening and

culturing a strain of lactic acid bacteria that could survive digestive juices, such as
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gastric fluid and bile, reach the intestines alive, and produce beneficial effects. This
strain is now known as Lactobacillus casei strain Shirota. With the goal of providing
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this lactic acid bacteria to as many people as possible, Dr. Shirota developed an affordable
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and delicious fermented milk drink and released it under the Yakult trademark in 1935.
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This marked the start of Yakult, which has since found popularity all around the world.

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 ACTIVITY 3: MARKET INTEGRATION

C. Identify the major country-leaders of this institution

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 ACTIVITY 3: MARKET INTEGRATION

d. Then write an essay on how International Financial Institutions influence global

economic activity. Mention the Philippines’ role in the interconnected global economic
activities
The International Financial Institutions (IFIs) are international financial organizations
established by multiple nations. They are regulated by international law rather than just the
laws of any particular country. The IFIs are generally held by the founding members of the

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national governments. International agencies or organizations may also be stakeholders; While

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there are IFIs produced by two or three nations, the most well-known ones have been

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established by various national participants. The most prominent international financial

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institutions emerged after the Second World War to help rebuild Europe and to provide the

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means of global collaboration to regulate the world's financial system. Furthermore, these
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International Financial Institutions have many roles to play when it comes to the economic
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statuses of varying countries. One of these so-called roles is to raise poverty in developed
countries, improve efforts to encourage economic development, and protect the environment.
They also hold responsibility in facilitating the expansion of their operations to cover free-
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market economies by raising the living standards of borrowers by enlightening and extending
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their rights as well as directing their primary choices. Financial Institutions also funds the
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construction of other IFIs in the local market to secure the capital base through investing in
projects offering broad perspectives. In conclusion, the goals of the International Financial
Institutions are to give support in the development of the private sector by capitalizing on their
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strengths while minimizing the risks involved.

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The Philippines is one of the most diverse economies in the Pacific region of East Asia. With
rising urbanization, a growing middle class, and a large and young population, the economic
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dynamism of the Philippines is rooted in strong consumer demand, backed by a vibrant labor
market and robust remittances. Business activities are buoyant with substantial success in the
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services market, including outsourcing, real estate, finance, and insurance sectors. In the matter
of the roles of the country in the economic globalization of the populace, The Philippines
established itself as one of the two vital BPO industry central in Asia; It integrates the demand of
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information and communications technology business process outsourcing services of various

countries. Additionally, the country has been open to labor mobility since the 1970s; It has
become a source of international migrants that accommodates the global exigency for skilled
and professional workers.

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 ACTIVITY 3: MARKET INTEGRATION

REFERENCES:

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IvyPanda. (2020, March 22). Roles of international financial institutions. Retrieved from

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https://ivypanda.com/essays/roles-of-international-financial-institutions/

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Mcdonald, D. (2017, June 14). What Is The Role Of The Financial Institution In An Economy?
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Retrieved from https://medium.com/the-global-millennial/what-is-the-role-of-the-
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financial-institution-in-an-economy-d6261b1e64e6
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Callaghan, M. ( 2017, October 25) The future role of international financial institutions.
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Retrieved from https://www.lowyinstitute.org/the-interpreter/future-role-international-

financial-institutions
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Yakult. (2019, March 31). Overseas Business. Retrieved from

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https://www.yakult.co.jp/english/overseas/index.html
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Yakult. ( 2019, June 31). Yakult COMPANY PROFILE 2019-2020. Retrieved from
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https://www.yakult.co.jp/english/pdf/profile2019-2020_en.pdf
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Guinigundo, D. ( 2018, February 8). The globalisation experience and its challenges for the
Philippine economy1. Retrieved from https://www.bis.org/publ/bppdf/bispap100_q.pdf

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