“It is such an honor to be a part of something that is growing. Growing to reach further heights, to attain better standards and achieve bigger goals”
According to the CNN money data year 2015, Philippines economic growth projected to be the fourth fastest in the world, which its gross domestic product (GDP) growth has been forecast at 6.7 percent. Philippines economy placed 39th largest in the world according to the International Monetary Fund year 2014.
Primary exports include semiconductors and electronic products, transport equipment, garments, copper products, petroleum products, coconut oil, and fruits. The Philippines has been named as one of the Tiger Cub Economies together with Indonesia, and Thailand. Major trading partners include the United States, Japan, China, Singapore, South Korea, the Netherlands, Hong Kong, Germany, Taiwan, and Thailand.
In the Philippines, the employment rate increases as time goes by and with that the unemployment rate decreases largely even the underemployment rate. Meaning, graduates of every year can get a job with surely passed the requirements, and house people wanted to have a work not just for necessity but for their responsibilities and more of that is they are productive.
Labor Force Characteristic
I have to admit that before I have researched about the state of economy in the Philippines, I look into our country as something that would just be mere commensal of the ASEAN integration. For me, that vision of economic integration that has a target of accomplishment by the year 2025 is an impossibility in all of the available context. Well I mean, I always envision our country as struggling to survive as that what the mainstream media would always present to people. Biased journalism perhaps. I used to be one of the keen critiques who are critical thinkers when it comes to seeing the government in ts economic capability.
But after doing my own research, It is for a fact that Philippines rightfully deserves to be called as the Asia’s Rising Tiger Economy! Some people may say that we are never really anywhere near it yet or it is just a part of the stint of the current administration or other stuffs. But believe me people, we are working our way to the top. A lot of things may still need some furnishing and improvement, we may not be a step away from it but we are getting there, we just have to keep the faith.
One thing I have realized as I am typing this is that, Development and Success is just matter of perspective. You’ll feel it if you want to, You’ll have it if you choose to, and you’ll see it because you opted to.
Stay positive, my fellow countrymen! With patience and perseverance, we’ll get there in time.
Read more about the country’s Environment and Biodiversity: An Inquiry to the Philippines’ Biological Diversity. RE-BLOGGED: Status and trends of biodiversity (https://www.cbd.int)