Leveraging Service Sector Growth in the Philippines
Mitra, Raja Mikael | September 2013
Abstract
The Philippines is often referred to as a country from which export of services rather than manufactured goods is the principal engine for economic growth, as the share of the service sector in gross domestic product has exceeded that of the industry sector since the mid-1980s. Three major opportunities for leveraging service sector growth stands out. One is expanding the scale and scope of the export and domestic markets for information technology-business process outsourcing and other modern services in urban areas. Second is expanding tourism to foster economic development across social groups and regions including poor and remote rural areas. Third is enhancing the domestic prospects for Filipino technical, managerial, and entrepreneurial talent so they will work in the Philippines rather than overseas. To take advantage of those opportunities, there is a need for concerted efforts to improve infrastructure; logistics; broadband connections; the power supply; and education, healthcare, financial, legal, and public administration services and more generally the overall business environment for foreign investors and local entrepreneurs.
Citation
Mitra, Raja Mikael. 2013. Leveraging Service Sector Growth in the Philippines. © Asian Development Bank. http://hdl.handle.net/11540/2296. License: CC BY 3.0 IGO.ISSN
1655-5252
Keywords
Business Economics
Economics
Regional Economic Development
Women's Education
Technical Education
Rural Education
Quality Education
Levels Of Education
Educational Systems
Educational Statistics
Economic planning
Economic policy
Development assistance
Development cooperation
Economic evaluation
Economic censuses
Development education
Educational development
Educational administration
Educational planning
Comparative economics
Social responsibility of business
Communication in economic development
Consumer education
Foreign trade and employment
Communication in international trade
Economic development projects
Educational exchange
Educational evaluation
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Citable URI
http://hdl.handle.net/11540/2296Metadata
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