{"id":96076,"date":"2017-03-30T03:13:32","date_gmt":"2017-03-30T07:13:32","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=96076"},"modified":"2017-03-30T03:13:32","modified_gmt":"2017-03-30T07:13:32","slug":"ph-champions-in-export-growth-in-asia","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2017\/03\/30\/ph-champions-in-export-growth-in-asia\/","title":{"rendered":"PH champions in export growth in Asia"},"content":{"rendered":"
\"Photo:<\/a>
Photo: GreenArcher04\/Flickr.com<\/a><\/figcaption><\/figure>\n

Despite international criticism being gained by the Philippines due to the current administration\u2019s intensive and aggressive approach to drug use and trafficking, the Philippine economy still displays promise.<\/span><\/p>\n

UK-based Oxford Economics listed the Philippines as one of the \u201cwinners\u201d in the Asia-Pacific region, citing that its export growth has \u201cstrongly outperformed\u201d global demand in the last seven years. <\/span><\/p>\n

In the March 27 report entitled \u201cAsia Globalization Winners and Losers Trade Places\u201d, Oxford Economics named the Philippines, China, India and South Korea as the top countries in the region where \u201crobust gains in productivity and\/or moved up the value chain, gaining global market share in the process\u201d in a span of seven years since 2010.<\/span><\/p>\n

According to Oxford Economics\u2019 data, the Philippines had enjoyed a yearly export rate of 7.8 percent which exceeded India\u2019s 5.4 percent, South Korea\u2019s 5.3 percent, Indonesia\u2019s 4.1 percent, Malaysia\u2019s 3.7 percent, Australia\u2019s 3.2 percent, Singapore and Thailand\u2019s 2 percent and Taiwan\u2019s 1.4 percent.<\/span><\/p>\n

Meanwhile, economic powerhouses Japan and Hong Kong had experienced a decline of 2 percent and 8.5 percent respectively in the course of the same seven-year period.<\/span><\/p>\n

\u201cOur winners\u2014the Philippines, India, South Korea and China\u2014are economies that since 2009, have enjoyed robust growth in manufacturing exports and seized global market share in the process. Our gold star performers are economies that mostly started from modest levels of development and wages and generated robust gains in productivity and\/or moved up the value chain due to structural changes and reforms,\u201d Oxford Economics said. <\/span><\/p>\n

Oxford Economics also cited that in the case of the Philippines and Malaysia, the two economies had ventured in continuing to operate with lower costs and increasing foreign investments. In ASEAN\u2019s top 6, the Philippines saw the increase of job-generating foreign direct investment and gross product increase since 2010. <\/span><\/p>\n

It has been predicted that India and the Philippines will continue to experience strong growth given the relatively low cost of production. India and the Philippines still remain \u00a0the top two most preferred outsourcing destinations given its relatively low cost of operation.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Despite international criticism being gained by the Philippines due to the current administration\u2019s intensive and aggressive approach to drug use …<\/p>\n","protected":false},"author":33,"featured_media":96077,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19,1145,95],"tags":[595,420,447,17249,343,2222],"class_list":["post-96076","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","category-headline","category-news-ph","tag-asean","tag-china","tag-india","tag-oxford-economics","tag-philippines","tag-south-korea","mauthors-phoebe-balubar","mauthors-philippine-canadian-inquirer"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/96076","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=96076"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/96076\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/96077"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=96076"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=96076"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=96076"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}