Name: Alpea Nissi D.

Añana Date: 09/22/19

Subject/Code: ACC 212- 1004 Room/Time: 115 (9-10am)

Global Trade and The Philippine Economy

(reflection paper)

Global trade is in the midst of rising tensions in the world economy. Facing
pressure cause by the restrictions among the G20 countries (Argentina, Australia,
Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Republic of
Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, United Kingdom, United
States, and the European Union). Regardless of this threat, Philippines as one of the
emerging economies, seek to find forward hope.

Bloomberg Chief Economist Tom Orlik said that the cost of tensions in
International trade could be less expected for the emerging markets. If fundamental
optimism about the outlook for trade, and continued hiring and investment is
retained, this could propel growth forward.

Technology, on the other side, plays an integral part in keeping such

economies ahead and upgraded. For instance, investment in education is also one
of many considerations which can propel economic growth. According to the
Organization for Economic Co-operation and Development (OECD), investments in
higher education are essential for economic growth, and the global demand for
higher education is predicted to increase vastly.

Moreover, Philippines was also recognized by the report as the most

educated population among low-income economies in the 2018 Hinrich Foundation
Sustainable Trade Index. In addition, the index released Philippines as the 10 th in
measuring the long-term trade sustainability of 19 Asian Economies and the United
States.

References/ Electronic reference:

Joshi, A. (2017). Perspectives in Health Information Management. The Role of

Information and Communication Technology in Community Outreach,
Academic and Research Collaboration, and Education and Support
Services IT CARES. Retrieved from
https://www.ncbi.nlm.nih.gov/pmc/articles/PMC3797554/
https://dfat.gov.au/trade/organisations/g20/Pages/g20.aspx