The Philippine Economy

The Philippine economy has continued to grow since President Ramos took over the presidency. President Ramos was driven by his dream to make the Philippines as one of the fastest growing countries in Asia. He did not fail in achieving his goal for the country, since the Philippines was able to attract investors to bring in money into the economy. This resulted to an increased capital investment in the country, allowing the Philippines to be labeled as the Tiger Economy of Asia. This makes the Philippines an attractive venue for foreign and local investors, despite the current situation of the Thai currency.

There's a specialist from your university waiting to help you with that essay.
Tell us what you need to have done now!

order now

This is also the perfect time for investors to engage in projects that would result to higher returns in the future, as they would be able to capture all the benefits during the upswing of the economy. During a period of low economic activity, current investors may adopt the “wait and see attitude”, while risk-taking investors would consider investing in the country since the Philippines is believed to endure crisis due to its fast growing economy and live up to its label as the Asia’s Tiger Economy.

Reforms in the areas of trade and investments were being implemented by the government. Also, deregulation of the different products and services market (including the financial market and telecommunications sector) were given priority, since the government believes that this is the right time for these sectors or market to grow and develop. Because of the country’s strong economy, the Philippines became more attractive to foreign creditors, and this is seen to extend for a long period of time.

For the telecommunications industry, there is a large market that has not yet been reached by the existing infrastructure, thus an opportunity for the new market players (which are relatively few) to capture this untapped market. And a carefully planned strategy will enable a company such as Globe to capture the benefits from this opportunity.

No Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

Free Essays
My Favorite Celebrity Essay

My favorite celebrity I’m writing my essay on is Maya Angelou. The reason why I’ve chosen her as my favorite celebrity is that she has given us the greatness of poems. Her poem’s to me is so remarkable. My favorite poem is “Still I Rise”. This poem is so influential …

Free Essays
To kill a mockingbird prejudice Essay

Imagine living in a world where people criticized, prejudiced and even assaulted someone just because of a certain physical feature of their body. They don’t get paid as much, its legal for others to beat them to or near the point of death (A widely publicized occasion) they would hear …

Free Essays
Increased Spending at Theme-Parks Essay

Increased Spending at Theme-Parks There’s a specialist from your university waiting to help you with that essay. Tell us what you need to have done now!order now In class, it has been discussed that to increase spending at theme parks, the strategy is to provide guests with better options. These …


I'm Terry

Would you like to get such a paper? How about receiving a customized one?

Check it out