China, one of the biggest players in the global economy shares its growth to the international co... more China, one of the biggest players in the global economy shares its growth to the international community. It developed and established economic partnerships with various countries, businesses, and regional organizations over the course of a few decades. The Philippines, sharing a rich history of bilateral relationship with China, continues with its trade and economic relations with the economic giant amidst political tension over territorial claims. It now becomes a question as to how political issues such as the tension over the disputed islands effect economic decisions and trade relations between China and the Philippines. Are economic decisions affected by political issues? If so, how do these political tensions affect the overall economic relations? If not, why are political issues separate from economic issues? How, then, do businesses work within and beyond the political issue? The research aims to explain the interplay between the political and the economic. This would be explained through the concepts of Social Capital, Social Embeddedness, and their Chinese manifestation, guanxi. The research employs a quantitative research design which includes content analysis and thematic coding. By the Chinese concept of guanxi, the research shows that economic actors are able to make economic decisions despite political issues. This is enabled by the establishment of networks of social capital by economic actors that utilize their guanxi.
China, one of the biggest players in the global economy shares its growth to the international co... more China, one of the biggest players in the global economy shares its growth to the international community. It developed and established economic partnerships with various countries, businesses, and regional organizations over the course of a few decades. The Philippines, sharing a rich history of bilateral relationship with China, continues with its trade and economic relations with the economic giant amidst political tension over territorial claims. It now becomes a question as to how political issues such as the tension over the disputed islands effect economic decisions and trade relations between China and the Philippines. Are economic decisions affected by political issues? If so, how do these political tensions affect the overall economic relations? If not, why are political issues separate from economic issues? How, then, do businesses work within and beyond the political issue? The research aims to explain the interplay between the political and the economic. This would be explained through the concepts of Social Capital, Social Embeddedness, and their Chinese manifestation, guanxi. The research employs a quantitative research design which includes content analysis and thematic coding. By the Chinese concept of guanxi, the research shows that economic actors are able to make economic decisions despite political issues. This is enabled by the establishment of networks of social capital by economic actors that utilize their guanxi.
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their guanxi.
their guanxi.