Contemporary World - Activity 3

A.
Choose an international economic organization ( Asian Development Bank,

European Investment Bank, etc) or an international company (Honda,
McDonalds, Kimberly Clark, etc)
I choose Adidas Inc. as one of the international company.
B. Research the origin and history of the institution you have chosen;
Adidas Inc is a German sports footwear, The name Adidas (written “adidas” by
the company) is an abbreviation of the name of founder Adolf (“Adi”) Dassler.
Adolf Dassler was inspired by a single idea when he made his first shoes in
1920, at the age of just 20. His vision was to provide every athlete with the best
footwear for his respective discipline, It was this principle that guided him right up
until his death in 1978. Adidas products are traditionally marked with a three-
stripe trademark, which remains an element in the company’s newer “trefoil” and
“mountain” logos. In the early 21st century it was the largest sportswear
manufacturer in Europe and the American rival Nike being the biggest. Besides
sports footwear the company also produce other products such as bags, shirts,
perfume, watches, eyewear and other sports-and clothing related goods.
According to Robert Lewis Adidas is one of the most ionic sportswear brand alive
today, Adidas has been around for 92 years. Since Adidas has been around for
nearly a hundred years the brand has undoubtably evolved over time. Yet, the
company that originally caught peoples attention through creating Olympic medal
winning sports shoes has managed to maintain a classic athletic style, firmly
positioning itself as a go to brand for sport as well as style.
C. Identify the major country-leaders of this institution and

Adidas is one of the popular product around the world because of its uniqueness
and high quality product, where the founded and headquartered
in Herzogenaurach Germany, that designs and manufactures shoes, clothing and
accessories etc. From Africa there 24 factories, According to the Adidas Group,
27 percent of all the company’s factories are located in China. China has 337
factories, followed by India with 99, Indonesia with 79 and Vietnam with 76.
Japan, Korea, Taiwan, Thailand, Cambodia, Pakistan and the Philippines all
have between 10 and 60 factories. The remaining Adidas manufacturers, all of
which have fewer than 10 factories, are Bangladesh, Hong Kong, Laos, Macao,
Malaysia, Singapore and Sri Lanka.
D. Then write an essay on how International Financial Institution Influence global

economic activity. Mention the Philippines role in the interconnected global
economic activities.
International financial institutions (IFIs) play a major role in the social and
economic development programs of nations with developing or transitional economies.
This role includes advising on development projects, funding them and assisting in their
implementation. IFIs have made considerable progress in harmonizing the way they
procure goods and services. In many cases, they are now using similar policies and
procedures, although the interpretation of these approaches may still vary at the level of
the individual institution. All IFIs use country strategy documents, as these are
fundamental to establishing an IFI's lending priorities for a particular country.
A well-built financial institution helps to creates job opportunities and enables

broad market growths, they can meet the high social and environmental standards of
the companies by enhancing there strategies, which they teach during their projects
support processes or advisory services to support financing projects. Institutions also
have an important redistributive role play in the economy, they make sure the resources
are properly provided and ensure that the poor or those countries with fewer resources
are sustainable. They have a crucial role in coming up with operational principals for
well-run institutions. They aim to expand private sectors therefore they should stay clear
of those activities that the segments are in a good position to handle and instead
engage in activities that make an immense contribution to the transitional process of
economic growth. Financial institutions operate through low interest loans, credits,
shareholdings, trade services and bank shares and investment. Financial institutions
are really important for the economic development since it helps to reduce global
poverty and improve the standard of living of each individual it also support sustainable
economic, social, and institutional development as well as it helps to promote regional
cooperation and integration.
According to Wogan (2010) the financial institutions use the flow of private capital
to fill the financial gaps by conveying technologies, changing the market behaviors,
investing in the enhancement of managerial skills and funds distribution channels. They
thus have a crucial role in assessing the impact resulting from the flow of private capital
on the developing economies.
International financial institution is really a matter in determining the economic

development level of the nation. The flow of this institutions are through the international
exchange of goods, services and product around the world, export and import are the
strategies that all the country used for the economic development, like here in the
Philippine since some of the raw materials and products are not available here they
import product from the country to satisfy the needs of the people since, also Philippines
do export some of the resources are being sold to other country, through this
transactions countries become united and connected. But despite of this advantages it
also have negative aspects in other way like instead of buying our own product or raw
materials, the Philippines are exporting product from other nations, that is why it gives
impact to those people where in there livelihood is through farming, sometimes their
product can be sold in minimum price which is not enough to satisfy their needs each
day. Thanks to technologies which is really helpful nowadays, through of this people
can easily be updated on what is trending nowadays, through the advancement of the
technology production will continue, all nations will have unity, and the economy will be
developed.

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A.

Choose an international economic organization ( Asian Development Bank,

C. Identify the major country-leaders of this institution and

D. Then write an essay on how International Financial Institution Influence global

A well-built financial institution helps to creates job opportunities and enables

International financial institution is really a matter in determining the economic

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