The Philippines in reaching its potential, there are a lot of things that needs to be done. As of the moment. the Philippines has the 12th largest population in the world. In 2013, the Philippines ranked as the 39th largest economy in the world. Golden Sachs include the Philippines in the next eleven economies that will experience tremendous growth. By 2050, Golden Sachs estimates that the Philippines will be the 20th largest economy in the world while HSBC estimates it to be the 16th largest economy in the world. There are threats to this like very low foreign direct investment, not so supportive business environment, inadequate infrastructure, unfriendly climate, less security, lack of government support, found in the ring of fire which is prone to typhoons,cyclones and natural disasters, lack of high value professionals such as scientists and engineers, high unemployment rate, corruption, unequal opportunity to all, less financial literate citizens and many more. I agree that these are disadvantages the Philippines has and the issues are being addressed to improve and enhance are competitiveness, making the projections real and the Philippines leading the rest of the ASEAN nations because we have the best minds pioneering our future and shaping our nation .:) https://youtube/watch?v=uCw6Ih8hJXc&feature=share
Posted on: Sat, 27 Sep 2014 12:51:33 +0000
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