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Dejesus B14 Ai
Dejesus B14 Ai
B12
The Philippines has been considered one of the most vibrant economies in
Southeast Asia, seeing decent growth during the past few decades. The country also
has one of the highest English literacy rates in the world, which gives it a significant
economic advantage over many other countries. However, in order to further integrate
into not only the global market, but also among fellow Asian countries, the Philippines
Since the Philippine education system teaches English from a very early age, it
has a very high rate of English literacy. Because of this, its services sector has been
growing and has been able to supply multiple nations with workers, especially
professional, technical, managerial, and skilled labor. Besides, the Philippine economy
after being modernized, specifically worked on this sector instead of agriculture in order
to grow, especially in a technological age, where the demand of services of this kind
with fellow Asian nations, must focus on offering services to these nations, along with
The Philippines, even during precolonial times, has been an agricultural country,
only changing after its economical modernization of focusing less on agriculture, and
more on industry. However, agriculture still plays a big part in the Philippine economy
and has a big potential in further integrating the Philippines into the Asian market,
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especially when it comes to exporting. A negative aspect of the Philippine economy is
that political leaders tend to do economically unwise things to further their own agendas,
especially in creating projects that do not benefit in the long run. However, if someday
the leaders decide to bring in a lot of focus in the agricultural sector, the Philippines will
not only incorporate much better in economical markets, specifically the Asian one, but
To conclude, the Philippines still has a lot of work to do in order to become like
economically successful nations such as Singapore, Japan, or South Korea, yet further
integrating with other Asian nations is still something to work towards, especially if
sound economic policies continue to be enforced, and new yet productive ones also get
implemented.
Citations:
market#:~:text=The%20Philippines%20has%20one%20of,domestic%20consumption
%20and%20infrastructure%20expenditures.
Services. Securing The Future of Philippine Industries. (n.d.). Retrieved December 20,
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December 20, 2022, from https://www.fao.org/philippines/fao-in-philippines/philippines-
at-a-glance/en/