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Discovering the Philippines’ Potential Export Portfolio through the Product Space: Some Products and Ways Forward

dc.contributor.authorConnie Bayudan-Dacuycuy
dc.contributor.authorRamonette Serafica
dc.description.abstractWhile the Philippines has a long history of trade liberalization efforts and market-oriented reforms, the country has to yet to see a genuine structural transformation. Recently, there are efforts to transform the manufacturing industry into a globally competitive industry supported by backward and forward linkages to create decent jobs and promote sustainable and comprehensive growth. Given these, it is imperative for the country to chart its short-, medium-, and long-run diversification strategies. This research assesses the sophistication content of the country’s current export portfolio and identifies products that result in a more diversified and high-value added mix of export commodities. Using some metrics from the product space, the paper finds that the average sophistication of products included in the country’s export basket has barely improved from 1995 to 2014 and it has remained lower than the average sophistication content of exports in the world market. The paper also finds that some of the products in the country’s existing export basket has potential forward linkages to goods with relatively higher sophistication content, which in turn has potential linkages to even more sophisticated goods. However, transformation does not happen overnight and requires well-thought-out policies, plans, and priorities. To this end, the paper advocates the implementation of measures outlined in the Philippine Export Development Plan. It also identifies other potential actions towards human capital development, innovations, and infrastructure programs.
dc.publisherPhilippine Institute for Development Studies
dc.titleDiscovering the Philippines’ Potential Export Portfolio through the Product Space: Some Products and Ways Forward
dc.typeDiscussion Paper
dc.subject.expertDevelopment Goals
dc.subject.expertSkills Development
dc.subject.expertSustainable Development
dc.subject.expertTrade Flows
dc.subject.expertTrade And Development
dc.subject.expertFood Security And Trade
dc.subject.expertTrade Volume
dc.subject.expertTrade Potential
dc.subject.expertTrade Flows
dc.subject.expertExternal Trade
dc.subject.expertIndustrial policy
dc.subject.expertNew technology
dc.subject.expertExport policy
dc.subject.expertImport policy
dc.subject.expertTrade Unions
dc.subject.expertNatural Resources
dc.subject.adbDevelopment assistance
dc.subject.adbCurriculum development
dc.subject.adbDevelopment assistance
dc.subject.adbDevelopment aid
dc.subject.adbDevelopment indicators
dc.subject.adbDevelopment potential
dc.subject.adbDevelopment models
dc.subject.adbProject appraisal
dc.subject.adbPerformance appraisal
dc.subject.adbRegional development bank
dc.subject.adbTrade development
dc.subject.adbImport volume
dc.subject.adbExport volume
dc.subject.naturalCommunication in rural development
dc.subject.naturalSocial participation
dc.subject.naturalOccupational training
dc.subject.naturalJoint venture
dc.subject.naturalSystem analysis
dc.subject.naturalLabor and globalization
dc.subject.naturalLabor policy
dc.subject.naturalRegional trading blocs
dc.subject.naturalForeign trade and employment
dc.subject.naturalDeveloping countries
dc.subject.naturalIndustrial priorities
dc.subject.naturalTechnological innovation
dc.subject.naturalTechnology transfer
dc.subject.naturalForeign trade regulation
dc.subject.naturalIndustrial relations
dc.title.seriesPIDS: Discussion Paper Series
dc.title.volumeNo. 2018-17
dc.contributor.imprintPhilippine Institute for Development Studies
oar.adminregionSoutheast Asia Region
oar.authorBayudan-Dacuycuy, Connie
oar.authorSerafica, Ramonette

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