Labour exports are usually thought of as signifying a lack of opportunity in the domestic economy, and countries that do so are often seen as tacitly admitting that they are unable to organise domestic production. Indeed, the Philippines initiated its policy of labour exports in the 1960s under dictator Ferdinand Marcos, largely because he was desperately short of hard-...
The Philippine economy continues to enjoy a period of rapid, broad-based growth as the business process outsourcing (BPO) sector and growing remittances from overseas workers drive growth in consumer-oriented industries and construction. Although real growth decelerated in 2014 to 6.1%, it remained higher than Southeast Asian peers, and it is expected to remain near 6%...
The current run of rapid growth is an opportunity for the Philippines to do something much more valuable than just advance material wealth and catch up with middle-income peers. With the right policies, the Philippines government believes that this could be the era when the country is finally able to successfully address widespread poverty.
Battered every year by typhoons and prone to earthquakes, mudslides, floods and volcanic eruptions, the Philippines is more vulnerable to natural disasters than many other countries throughout the world. As such, it is crucial for the country’s economic development to learn to better manage its disaster risks and minimise casualties and...
With presidential, congressional and local elections all scheduled for next year, 2015 looks set to be a time of heated political debate in the Philippines. Issues such as constitutional reform, good governance and the perennial battle against corruption are likely to dominate discussion, alongside continued disagreements over how best to share the proceeds of economic...
A series of reforms initiated by President Benigno Aquino III in the last few years have pumped spending into infrastructure and opened key industries to outside investors. The reforms prompted a series of upgrades to the Philippines’ credit ratings and echo initiatives taken in the region as it prepares for the inauguration of the ASEAN Economic Community (AEC) in 2015...
Stay updated on how some of the world’s most promising markets are being affected by the Covid-19 pandemic, and what actions governments and private businesses are taking to mitigate challenges and ensure their long-term growth story continues.
Register now and also receive a complimentary 2-month licence to the OBG Research Terminal.
Register Here×