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.

Free Essays
Bullying and People Essay

Bullying- everyone knows about it, but a lot of people don’t realize why it’s serious. Bullying can be defined as unwanted, aggressive behavior among school aged children that involve a real or perceived power imbalance. About 30% of teens in the U.S have been involved in bullying. People should care …

Free Essays
Most difficult aspects of learning English Essay

I studied English language at school and in university, but when I started to work in Russian-American it-company I met several difficulties with my English. I understood that my English wasn’t perfect and I need study more to build my career,, because in this company and generally you have to …

Free Essays
Cell Phone Essay

Many kids these days have cell phones. You often see teenagers talking on their phones, or, just as often, texting. It has become a part of everyday life, and a part of our society. It is encouraged socially, especially among teenagers, to have a phone. Cell phones can be very …


I'm Terry

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

Check it out