Please Research the Monetary Environment.

For the Monetary Environment section, analyze the country (I chose Phillippines) as a country currency system and related risks.

• Currency system: Describe the country's official currency and its role in the global market.
• Currency risk: Discuss potential risks for businesses related to currency fluctuations (e.g., exchange rate volatility).
• Inflation or deflation: Assess how inflation or deflation could impact businesses and their pricing strategies in the country.
• Monetary policy: Examine the country's approach to monetary policy and how it might affect business operations, investment, or the cost of capital.

Please Research the Trade Environment

For the Trade Environment section, analyze the country's trade relations and policies. Focus on the following aspects:

• Major exports/imports: Identify the key products or services the country exports and imports.
• Main trading partners: List the country's main trading partners and its role in the global market.
• Regional economic integration: Discuss any economic organizations or agreements that the country is part of (e.g., trade blocs, free trade agreements, regional unions).
• Tariffs and trade barriers: Investigate the trade policies, including tariffs, quotas, or non-tariff barriers that may affect foreign businesses.
• Government incentives: Identify any government incentives for foreign businesses to invest or trade in the country (e.g., tax breaks, subsidies, or trade promotions).
• Please provide references