In the History of Global Economy, What do you think is the greatest contribution of the Philippines and

the Filipino people to the world? Explain your answer.

The Philippines is considered a newly industrialized country, which means it has an economy that can
primarily trade important goods and services to any country in Asia. It is deemed as one of the fastest-
growing economies in Asia and continues to progress because of its achievements and contributions
brought to the world. Furthermore, the Philippines has constantly been emerging, giving them the
privilege to provide such as more labor and companies to help them succeed in their economy. This also
gives them accomplishment of being second of the world’s largest coconuts producer globally and one of
the richest countries in the world in terms of minerals. Hence, the Philippines is a dynamic country that
impacts the world with its contributions and benefactions to change the global economy.

The Philippines is also called a newly developed nation, which implies it can provide only essential
products and services to countries all over Asia. This nation has the second-fastest rising economy in Asia
and will continue to prosper because of the remarkable contributions to the rest of the world. Besides that,
the Philippines has had the luxury of rising and being present to supply more significant labor and
industry quantities to enable them to flourish in their economy. It also contributes to their overall
happiness as the world's second-largest coconut producer and one of the world's wealthiest nations
concerning minerals. Since the Philippines makes substantial contributions and gifts to economic progress
worldwide, it is a dynamic region.

Many observers assume that the Philippines has effectively turned from a formerly undeveloped nation
into a newly industrialized one, rendering it able to exchange with every country in Asia for vital products
and services. The economy has been recognized as one of the quickest in Asia and continues to expand
due to its accomplishments and sacrifices that have been rendered to the rest of the world. If this is the
case, the Philippines' recent increase in influence helps them have better and more laborers and businesses
to help them prosper in their economy. This also earns them the achievement of becoming second of the
world's biggest coconuts manufacturer internationally and one of the world's wealthiest countries when it
comes to resources. Thus, the Philippines is a diverse nation that impacts the globe by both making
substantial contributions and contributing back to boost the global economy.