According to international experts, Philippines has the opportunity to join the ranks of the world’s tiger economies of Japan, South Korea, Singapore and Hong Kong.
Under the Aquino administration, Philippines is positioned for huge growth- However, this is not without its challenges. The Philippine boom may continue, but not without further economic reform.
Ultimately, it is undeniable that with its many strengths, Philippines will become a force to reckon with. Its large population (with its potential to drive growth), the ability of the population to speak english- making it number 2 in the world for Business Processing Outsourcing (BPO) and its vast resources (the world’s fifth richest in natural resources) are natural endowments that can potentially spur the economy to greater heights.
Stay tuned as we continue AMEA’s sustainability series of the Philippines with - Philippines: The Sustainable Path - premiering on Channel News Asia on July 19th at 9.30pm . Catch repeats on July 20th at 10:30am, July 21st at 3:30pm and July 22nd at 5:30pm.
Watch how mining, in tandem with sustainable development contributes to the economy’s growth. Keep in the know with sustainability!
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