The global economy has extended the reach of U.S. economic interests to virtually every nation on earth. Through extensive involvement abroad, American business is successfully bringing desperately needed economic benefits to the developing world. Indeed, the positive effects of trade by U.S. companies often go far beyond creating jobs and raising living standards. U.S. commercial engagement overseas is an effective method for promoting democracy, human rights, and other values that can make a positive difference in the lives of millions. Because U.S. companies are often actively involved at many levels in the countries and communities they serve, the benefits are great -- and tangible. From better schools and health care to improved infrastructure and housing -- business is making a difference. Over the next several weeks, USA*ENGAGE will provide individual company examples of the positive role of commercial engagement abroad.

 

Philippine Geothermal, Inc. (PGI) a wholly owned subsidiary of Unocal, has employed a staff of community development specialists who, with the support of the government utility, NPC, plan and carry out a range of social services and improvement projects in the Tiwi and Mak-Ban areas of the Philippines. PGI sets aside one percent of the preceding year’s net income, before taxes, to underwrite community development programs. Funds are used to build roads, schools and community centers and to encourage sustainable enterprise development, upgrade municipal water systems and provide other basic infrastructure. In addition, the company also helps underwrite childcare services, education and skills training, and health care and nutrition programs. In 1997 PGI began a computer literacy program in cooperation with local schools. PGI provides hardware, software and trains a group of teachers who will in turn train teachers throughout the region. PGI also provides numerous scholarships.