Final answer:
Jollibee Foods Corporation is a successful Filipino global corporation that started as an ice cream shop and expanded into a multinational fast-food empire. The company's growth aligns with the role of multinational corporations in the global economy, particularly benefiting from the Philippines' strong BPO sector.
Step-by-step explanation:
Filipino Global Corporation: Jollibee Foods Corporation
Jollibee Foods Corporation, a Filipino global corporation known for its fast-food chains, exemplifies how a company from the Philippines has achieved worldwide reach. Founded in 1978 as a small ice cream shop, it has evolved into an international brand with a presence in numerous countries across Asia, the Middle East, North America, and Europe.
The corporation's history began with Tony Tan Caktiong's vision and has grown into a multinational empire. Its success is shaped by its adaptation to local tastes and strategic acquisitions of other food chains. As one of the multinational corporations driving globalization, Jollibee Foods Corporation exhibits key attributes: diversification of capital from various nations, operations beyond national borders, and a contributing role in the global economy.
With its strong BPO sector, the Philippines has become a hub for multinational corporations looking to outsource IT and service jobs, due to its English-speaking workforce, cost-effective employment rates, and skilled labor. This has not only brought economic savings but also doubled the national average wages for Philippine employees, boosting the country's economy.