What are the advantages of the Philippines?
Various descriptions to illustrate the country’s advantages are the country’s strategic location, hardworking and English-speaking people, continuous infrastructure for global growth, democratic government, liberalized economy, etc.
What does the Philippines have a comparative advantage in?
Although the Philippines have a comparative advantage in rice production, exports were unprofitable for the government-marketing agency in 1977 to 1979. Government control of exports puts a barrier between world and domestic markets so that world quality premiums are not reflected in domestic prices.
What is the advantage of the Philippines in terms of location?
Apart from the wealth of natural resources on and under its land, the Philippine archipelago harbors the highest marine biodiversity in the world, including the highest number of fish species and marine mammals.
What is the comparative advantage of the Philippines in international trade?
The Philippines has a revealed comparative advantage in exporting from high technology industries. They constitute more than 50 percent of total goods exports, and they were affected during the global financial crisis.
What are the advantages of globalization in the Philippines?
Evidence suggests that globalisation has a positive effect on the country’s economic growth and employment. In particular, trade openness and foreign portfolio flows have contributed to higher per capita GDP growth in the Philippines, following the implementation of FX liberalisation reforms.
Do you think that the Philippines has an advantage in the free trade?
Trade effect: Thirty-six of the 40 industries that imported goods were able to benefit as compared to the 16 industries that engaged in exports. Overall effect: The Philippines gained some $237 million, equivalent to 0.05% of GDP, as a result of trade liberalization in goods under AFTA.
What is the competitive advantage of Philippine tourism?
As the Philippines has a natural competitive advantage in tourism because of the warmth of its people and its natural wonders that are yet to be fully harnessed, the government recognizes tourism as a major contributor to the generation of foreign exchange earnings, investments, and revenues, and to the growth of the …
Is Philippines globally competitive?
Based on the World Competitiveness Ranking 2021 of Switzerland-based Institute for Management Development (IMD), the Philippines ranked 52nd out of 64 countries based on prosperity and competitiveness. Last year, the Philippines ranked 45th. The 2021 ranking is the country’s worst performance since 2017.
How does the location of the Philippines affect its weather?
This is thanks, in part, to its geography. The Philippines is located in the western Pacific Ocean, surrounded by naturally warm waters that will likely get even warmer as average sea-surface temperatures continue to rise. … The ocean then releases some of its heat into the atmosphere, creating wind and rain clouds.
What do you think are the reasons why the Philippines is considered as a tropical country?
The Philippines is considered a tropical country because it’s near the equator and it experiences wet and dry seasons only, unlike the other countries having 4 seasons due to its location. In other words, the location of a certain country could really affect the kind of season they will experience.