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The Globalisation Experience and Its Challenges for the Philippine Economy

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"The Globalisation Experience and It..." refers background or result in this paper

... 17 Bourguignon (2004). ...

... According to Bourguignon (2004), both growth and inequality changes play a major role in generating changes in poverty. ...

... According to Bourguignon (2004), both growth and inequality changes play a major role in generating changes in poverty. He explains that, over the medium run, distributional changes may be responsible for sizeable changes in poverty and in some instances, these changes may even offset the favourable effects of growth. This was supported by a study conducted in the Philippines by Reyes and Tabuga (2011), in which they found that, while the rate of growth matters a lot in poverty reduction, the redistribution of income also matters. ...

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"The Globalisation Experience and It..." refers background in this paper

... …has no significant impact on poverty, although OF remittances can help reduce poverty.16 It is worth noting that, while there is evidence that higher rates of growth can reduce poverty (Dollar et al (2013)), if GDP growth is accompanied by an increase in inequality, this could still worsen poverty. ...

54  citations

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... These OF remittances have also supported the Philippine economy during normal times and crisis situations in the past, and this is expected to continue in the future (Ang et al (2009)). ...

... …to EMEs, which have been increasingly tapping OF services and skills.10 The profile of Filipino migrants has also changed from mostly middle and lower skilled workers (1970s) to professional workers (1990s) as well as services (2000s and 2010s) and production workers (2010s) (Ang et al (2009)). ...

39  citations

"The Globalisation Experience and It..." refers background or methods in this paper

... This attribution is based on three observations of Iakova (2007). ...

... This attribution is based on three observations of Iakova (2007). First, strong international competition constrains businesses from increasing prices when demand rises. ...

38  citations

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... 16 As in the poverty regression model in Bayangos (2015). 17 Bourguignon (2004). 18 Dudley (2017). 19 BIS (2017b). ...

... 16 As in the poverty regression model in Bayangos (2015). 17 Bourguignon (2004). ...

... 16 As in the poverty regression model in Bayangos (2015). 17 Bourguignon (2004). 18 Dudley (2017). 19 BIS (2017b). Other central banks, however, conclude that trade liberalisation reduced earnings discrepancies, while others stress that skill-biased technological change, and not trade globalisation per se, is responsible for divergence. ...

... In recent years, the BSP and the banks themselves have adopted various measures to encourage OFs to channel remittances through the financial system, following improvements in international money transfer technology (Bayangos (2012)). ...

... 16 As in the poverty regression model in Bayangos (2015). 17 Bourguignon (2004). 18 Dudley (2017). ...

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The Philippines economy in 2024: Stronger for longer?

The Philippines ended 2023 on a high note, being the fastest growing economy across Southeast Asia with a growth rate of 5.6 percent—just shy of the government's target of 6.0 to 7.0 percent. 1 “National accounts,” Philippine Statistics Authority, January 31, 2024; "Philippine economic updates,” Bangko Sentral ng Pilipinas, November 16, 2023. Should projections hold, the Philippines is expected to, once again, show significant growth in 2024, demonstrating its resilience despite various global economic pressures (Exhibit 1). 2 “Economic forecast 2024,” International Monetary Fund, November 1, 2023; McKinsey analysis.

The growth in the Philippine economy in 2023 was driven by a resumption in commercial activities, public infrastructure spending, and growth in digital financial services. Most sectors grew, with transportation and storage (13 percent), construction (9 percent), and financial services (9 percent), performing the best (Exhibit 2). 3 “National accounts,” Philippine Statistics Authority, January 31, 2024. While the country's trade deficit narrowed in 2023, it remains elevated at $52 billion due to slowing global demand and geopolitical uncertainties. 4 “Highlights of the Philippine export and import statistics,” Philippine Statistics Authority, January 28, 2024. Looking ahead to 2024, the current economic forecast for the Philippines projects a GDP growth of between 5 and 6 percent.

Inflation rates are expected to temper between 3.2 and 3.6 percent in 2024 after ending 2023 at 6.0 percent, above the 2.0 to 4.0 percent target range set by the government. 5 “Nomura downgrades Philippine 2024 growth forecast,” Nomura, September 11, 2023; “IMF raises Philippine growth rate forecast,” International Monetary Fund, July 16, 2023.

For the purposes of this article, most of the statistics used for our analysis have come from a common thread of sources. These include the Central Bank of the Philippines (Bangko Sentral ng Pilipinas); the Department of Energy Philippines; the IT and Business Process Association of the Philippines (IBPAP); and the Philippines Statistics Authority.

The state of the Philippine economy across seven major sectors and themes

In the article, we explore the 2024 outlook for seven key sectors and themes, what may affect each of them in the coming year, and what could potentially unlock continued growth.

Financial services

The recovery of the financial services sector appears on track as year-on-year growth rates stabilize. 6 Philippines Statistics Authority, November 2023; McKinsey in partnership with Oxford Economics, November 2023. In 2024, this sector will likely continue to grow, though at a slower pace of about 5 percent.

Financial inclusion and digitalization are contributing to growth in this sector in 2024, even if new challenges emerge. Various factors are expected to impact this sector:

  • Inclusive finance: Bangko Sentral ng Pilipinas continues to invest in financial inclusion initiatives. For example, basic deposit accounts (BDAs) reached $22 million in 2023 and banking penetration improved, with the proportion of adults with formal bank accounts increasing from 29 percent in 2019 to 56 percent in 2021. 7 “Financial inclusion dashboard: First quarter 2023,” Bangko Sentral ng Pilipinas, February 6, 2024.
  • Digital adoption: Digital channels are expected to continue to grow, with data showing that 60 percent of adults who have a mobile phone and internet access have done a digital financial transaction. 8 “Financial inclusion dashboard: First quarter 2023,” Bangko Sentral ng Pilipinas, February 6, 2024. Businesses in this sector, however, will need to remain vigilant in navigating cybersecurity and fraud risks.
  • Unsecured lending growth: Growth in unsecured lending is expected to continue, but at a slower pace than the past two to three years. For example, unsecured retail lending for the banking system alone grew by 27 percent annually from 2020 to 2022. 9 “Loan accounts: As of first quarter 2023,” Bangko Sentral ng Pilipinas, February 6, 2024; "Global banking pools,” McKinsey, November 2023. Businesses in this field are, however, expected to recalibrate their risk profiling models as segments with high nonperforming loans emerge.
  • High interest rates: Key interest rates are expected to decline in the second half of 2024, creating more accommodating borrowing conditions that could boost wholesale and corporate loans.

Supportive frameworks have a pivotal role to play in unlocking growth in this sector to meet the ever-increasing demand from the financially underserved. For example, financial literacy programs and easier-to-access accounts—such as BDAs—are some measures that can help widen market access to financial services. Continued efforts are being made to build an open finance framework that could serve the needs of the unbanked population, as well as a unified credit scoring mechanism to increase the ability of historically under-financed segments, such as small and medium-sized enterprises (SMEs), to access formal credit. 10 “BSP launches credit scoring model,” Bangko Sentral ng Pilipinas, April 26, 2023.

Energy and Power

The outlook for the energy sector seems positive, with the potential to grow by 7 percent in 2024 as the country focuses on renewable energy generation. 11 McKinsey analysis based on input from industry experts. Currently, stakeholders are focused on increasing energy security, particularly on importing liquefied natural gas (LNG) to meet power plants’ requirements as production in one of the country’s main sources of natural gas, the Malampaya gas field, declines. 12 Myrna M. Velasco, “Malampaya gas field prod’n declines steeply in 2021,” Manila Bulletin , July 9, 2022. High global inflation and the fact that the Philippines is a net fuel importer are impacting electricity prices and the build-out of planned renewable energy projects. Recent regulatory moves to remove foreign ownership limits on exploration, development, and utilization of renewable energy resources could possibly accelerate growth in the country’s energy and power sector. 13 “RA 11659,” Department of Energy Philippines, June 8, 2023.

Gas, renewables, and transmission are potential growth drivers for the sector. Upgrading power grids so that they become more flexible and better able to cope with the intermittent electricity supply that comes with renewables will be critical as the sector pivots toward renewable energy. A recent coal moratorium may position natural gas as a transition fuel—this could stimulate exploration and production investments for new, indigenous natural gas fields, gas pipeline infrastructure, and LNG import terminal projects. 14 Philippine energy plan 2020–2040, Department of Energy Philippines, June 10, 2022; Power development plan 2020–2040 , Department of Energy Philippines, 2021. The increasing momentum of green energy auctions could facilitate the development of renewables at scale, as the country targets 35 percent share of renewables by 2030. 15 Power development plan 2020–2040 , 2022.

Growth in the healthcare industry may slow to 2.8 percent in 2024, while pharmaceuticals manufacturing is expected to rebound with 5.2 percent growth in 2024. 16 McKinsey analysis in partnership with Oxford Economics.

Healthcare demand could grow, although the quality of care may be strained as the health worker shortage is projected to increase over the next five years. 17 McKinsey analysis. The supply-and-demand gap in nursing alone is forecast to reach a shortage of approximately 90,000 nurses by 2028. 18 McKinsey analysis. Another compounding factor straining healthcare is the higher than anticipated benefit utilization and rising healthcare costs, which, while helping to meet people's healthcare budgets, may continue to drive down profitability for health insurers.

Meanwhile, pharmaceutical companies are feeling varying effects of people becoming increasingly health conscious. Consumers are using more over the counter (OTC) medication and placing more beneficial value on organic health products, such as vitamins and supplements made from natural ingredients, which could impact demand for prescription drugs. 19 “Consumer health in the Philippines 2023,” Euromonitor, October 2023.

Businesses operating in this field may end up benefiting from universal healthcare policies. If initiatives are implemented that integrate healthcare systems, rationalize copayments, attract and retain talent, and incentivize investments, they could potentially help to strengthen healthcare provision and quality.

Businesses may also need to navigate an increasingly complex landscape of diverse health needs, digitization, and price controls. Digital and data transformations are being seen to facilitate improvements in healthcare delivery and access, with leading digital health apps getting more than one million downloads. 20 Google Play Store, September 27, 2023. Digitization may create an opportunity to develop healthcare ecosystems that unify touchpoints along the patient journey and provide offline-to-online care, as well as potentially realizing cost efficiencies.

Consumer and retail

Growth in the retail and wholesale trade and consumer goods sectors is projected to remain stable in 2024, at 4 percent and 5 percent, respectively.

Inflation, however, continues to put consumers under pressure. While inflation rates may fall—predicted to reach 4 percent in 2024—commodity prices may still remain elevated in the near term, a top concern for Filipinos. 21 “IMF raises Philippine growth forecast,” July 26, 2023; “Nomura downgrades Philippines 2024 growth forecast,” September 11, 2023. In response to challenging economic conditions, 92 percent of consumers have changed their shopping behaviors, and approximately 50 percent indicate that they are switching brands or retail providers in seek of promotions and better prices. 22 “Philippines consumer pulse survey, 2023,” McKinsey, November 2023.

Online shopping has become entrenched in Filipino consumers, as they find that they get access to a wider range of products, can compare prices more easily, and can shop with more convenience. For example, a McKinsey Philippines consumer sentiment survey in 2023 found that 80 percent of respondents, on average, use online and omnichannel to purchase footwear, toys, baby supplies, apparel, and accessories. To capture the opportunity that this shift in Filipino consumer preferences brings and to unlock growth in this sector, retail organizations could turn to omnichannel strategies to seamlessly integrate online and offline channels. Businesses may need to explore investments that increase resilience across the supply chain, alongside researching and developing new products that serve emerging consumer preferences, such as that for natural ingredients and sustainable sources.

Manufacturing

Manufacturing is a key contributor to the Philippine economy, contributing approximately 19 percent of GDP in 2022, employing about 7 percent of the country’s labor force, and growing in line with GDP at approximately 6 percent between 2023 and 2024. 23 McKinsey analysis based on input from industry experts.

Some changes could be seen in 2024 that might affect the sector moving forward. The focus toward building resilient supply chains and increasing self-sufficiency is growing. The Philippines also is likely to benefit from increasing regional trade, as well as the emerging trend of nearshoring or onshoring as countries seek to make their supply chains more resilient. With semiconductors driving approximately 45 percent of Philippine exports, the transfer of knowledge and technology, as well as the development of STEM capabilities, could help attract investments into the sector and increase the relevance of the country as a manufacturing hub. 24 McKinsey analysis based on input from industry experts.

To secure growth, public and private sector support could bolster investments in R&D and upskill the labor force. In addition, strategies to attract investment may be integral to the further development of supply chain infrastructure and manufacturing bases. Government programs to enable digital transformation and R&D, along with a strategic approach to upskilling the labor force, could help boost industry innovation in line with Industry 4.0 demand. 25 Industry 4.0 is also referred to as the Fourth Industrial Revolution. Priority products to which manufacturing industries could pivot include more complex, higher value chain electronic components in the semiconductor segment; generic OTC drugs and nature-based pharmaceuticals in the pharmaceutical sector; and, for green industries, products such as EVs, batteries, solar panels, and biomass production.

Information technology business process outsourcing

The information technology business process outsourcing (IT-BPO) sector is on track to reach its long-term targets, with $38 billion in forecast revenues in 2024. 26 Khriscielle Yalao, “WHF flexibility key to achieving growth targets—IBPAP,” Manila Bulletin , January 23, 2024. Emerging innovations in service delivery and work models are being observed, which could drive further growth in the sector.

The industry continues to outperform headcount and revenue targets, shaping its position as a country leader for employment and services. 27 McKinsey analysis based in input from industry experts. Demand from global companies for offshoring is expected to increase, due to cost containment strategies and preference for Philippine IT-BPO providers. New work setups continue to emerge, ranging from remote-first to office-first, which could translate to potential net benefits. These include a 10 to 30 percent increase in employee retention; a three- to four-hour reduction in commute times; an increase in enabled talent of 350,000; and a potential reduction in greenhouse gas emissions of 1.4 to 1.5 million tons of CO 2 per year. 28 McKinsey analysis based in input from industry experts. It is becoming increasingly more important that the IT-BPO sector adapts to new technologies as businesses begin to harness automation and generative AI (gen AI) to unlock productivity.

Talent and technology are clear areas where growth in this sector can be unlocked. The growing complexity of offshoring requirements necessitates building a proper talent hub to help bridge employee gaps and better match local talent to employers’ needs. Businesses in the industry could explore developing facilities and digital infrastructure to enable industry expansion outside the metros, especially in future “digital cities” nationwide. Introducing new service areas could capture latent demand from existing clients with evolving needs as well as unserved clients. BPO centers could explore the potential of offering higher-value services by cultivating technology-focused capabilities, such as using gen AI to unlock revenue, deliver sales excellence, and reduce general administrative costs.

Sustainability

The Philippines is considered to be the fourth most vulnerable country to climate change in the world as, due to its geographic location, the country has a higher risk of exposure to natural disasters, such as rising sea levels. 29 “The Philippines has been ranked the fourth most vulnerable country to climate change,” Global Climate Risk Index, January 2021. Approximately $3.2 billion, on average, in economic loss could occur annually because of natural disasters over the next five decades, translating to up to 7 to 8 percent of the country’s nominal GDP. 30 “The Philippines has been ranked the fourth most vulnerable country to climate change,” Global Climate Risk Index, January 2021.

The Philippines could capitalize on five green growth opportunities to operate in global value chains and catalyze growth for the nation:

  • Renewable energy: The country could aim to generate 50 percent of its energy from renewables by 2040, building on its high renewable energy potential and the declining cost of producing renewable energy.
  • Solar photovoltaic (PV) manufacturing: More than a twofold increase in annual output from 2023 to 2030 could be achieved, enabled by lower production costs.
  • Battery production: The Philippines could aim for a $1.5 billion domestic market by 2030, capitalizing on its vast nickel reserves (the second largest globally). 31 “MineSpans,” McKinsey, November 2023.
  • Electric mobility: Electric vehicles could account for 15 percent of the country’s vehicle sales by 2030 (from less than 1 percent currently), driven by incentives, local distribution, and charging infrastructure. 32 McKinsey analysis based on input from industry experts.
  • Nature-based solutions: The country’s largely untapped total abatement potential could reach up to 200 to 300 metric tons of CO 2 , enabled by its biodiversity and strong demand.

The Philippine economy: Three scenarios for growth

Having grown faster than other economies in Southeast Asia in 2023 to end the year with 5.6 percent growth, the Philippines can expect a similarly healthy growth outlook for 2024. Based on our analysis, there are three potential scenarios for the country’s growth. 33 McKinsey analysis in partnership with Oxford Economics.

Slower growth: The first scenario projects GDP growth of 4.8 percent if there are challenging conditions—such as declining trade and accelerated inflation—which could keep key policy rates high at about 6.5 percent and dampen private consumption, leading to slower long-term growth.

Soft landing: The second scenario projects GDP growth of 5.2 percent if inflation moderates and global conditions turn out to be largely favorable due to a stable investment environment and regional trade demand.

Accelerated growth: In the third scenario, GDP growth is projected to reach 6.1 percent if inflation slows and public policies accommodate aspects such as loosening key policy rates and offering incentive programs to boost productivity.

Focusing on factors that could unlock growth in its seven critical sectors and themes, while adapting to the macro-economic scenario that plays out, would allow the Philippines to materialize its growth potential in 2024 and take steps towards achieving longer-term, sustainable economic growth.

Jon Canto is a partner in McKinsey’s Manila office, where Frauke Renz is an associate partner, and Vicah Villanueva is a consultant.

The authors wish to thank Charlene Chua, Charlie del Rosario, Ryan delos Reyes, Debadrita Dhara, Evelyn C. Fong, Krzysztof Kwiatkowski, Frances Lee, Aaron Ong, and Liane Tan for their contributions to this article.

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The State and the Globalisation of Care: The Philippines and the Export of Nurses

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  • Jean Encinas-Franco  

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Nurse migration, particularly from the Philippines, has attracted significant attention in the literature, which largely discusses the issues of brain-drain, rights violations, human agency, structural determinants and impact of the exodus. This essay argues that the Philippine state, in coping with neo-liberal restructuring, has been vigorously promoting this exodus through the policies and legal framework it engenders, thereby leading to the globalisation of care work. The empirical accounts that this essay presents bring into sharp focus the need to understand processes and dynamics at the state level in addressing the consequences of nurse migration.

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Encinas-Franco, J. (2010). The State and the Globalisation of Care: The Philippines and the Export of Nurses. In: Scheiwe, K., Krawietz, J. (eds) Transnationale Sorgearbeit. VS Verlag für Sozialwissenschaften. https://doi.org/10.1007/978-3-531-92516-5_13

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  1. THE BENEFITS OF GLOBALIZATION TO THE PHILIPPINES by Keishia T

    case study about globalization in the philippines

  2. Globalization in the Philippines

    case study about globalization in the philippines

  3. (PDF) lie and &ex, Globalization: Its Impacts on the Philippine

    case study about globalization in the philippines

  4. Globalization in the Philippines: beneficial or disadvantageous?

    case study about globalization in the philippines

  5. (PDF) Globalization and Industrial Relations in the Philippines

    case study about globalization in the philippines

  6. Interrogating Globalization in an Asian Context: A Webinar Series

    case study about globalization in the philippines

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  1. The Case of Traffic in the Philippines

  2. Colgate (GLOBALIZATION )in the Philippines

  3. Filipino opinion on the Foreigners

  4. Singapore's Economic Success: A Globalization Case Study #shorts #trendingshorts

  5. The Modern Side of the Philippines Foreigners Don't See

  6. GLOBALIZATION & GLOBAL MIGRATION

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  1. PDF The globalisation experience and its challenges for the Philippine economy

    2006 to 2008, this growth remaining in double digits until 2016. The Philippines has also established itself as one of the two major BPO industry centr es in Asia, along with India. With the country's continued openness to globalisation, the total trade of the Philippines increased further, to 101.4% of GDP in the 2010s (Graph 1). The pickup in

  2. PDF Understanding the new globalization: Implications for the Philippines

    SEPTEMBER 2019. DISCUSSION PAPER SERIES NO. 2019-08. Understanding the New Globalization: Implications for the Philippines. Roehlano M. Briones, Michael Ralph M. Abrigo, Connie B. Dacuycuy, and Francis Mark A. Quimba. The PIDS Discussion Paper Series constitutes studies that are preliminary and subject to further revisions.

  3. Globalization, Change, And Diversity In The Philippines

    Global processes of change. continue through new forms of power, including international development, multilateral economic institutions, global trade, regional structures, and others. In this volume, Nadeau explores an some Filipino people have sought to relation to a globalizing economy.

  4. PDF 01-Nov Villamil and Hernandez Globalization2

    Globalization, Labor Markets and Human Capital in the Philippines Winfred M. Villamil and Joel Hernandez1 I. INTRODUCTION Beginning in the 1990s, the Philippines implemented policies to liberalize trade. To a large extent, this was motivated by a growing awareness of the economic benefits from opening the domestic goods market to world trade.

  5. (Open Access) The Globalisation Experience and Its Challenges for the

    This case study aims to discuss political and racial cronyism and the impact on the production rate at Delightful Bakeries (KL) Sdn Bhd. ... Globalization in the Philippines has positively impacted economic growth and employment. However, its effects on inequality and poverty remain inconclusive, with winners and losers in industries and the ...

  6. The Globalisation Experience and Its Challenges for the ...

    In the Philippines, trade globalisation and migration have been more prominent than financial globalisation. While empirical estimates show that globalisation has positively affected the country's economic growth and employment, substantial evidence for its impact on inequality and poverty has yet to be found, as preliminary estimates show ...

  7. [PDF] The Globalisation Experience and Its Challenges for the

    This paper analyses the extent and impact of globalisation in the Philippines in terms of trade, finance and migration. In the Philippines, trade globalisation and migration have been more prominent than financial globalisation. While empirical estimates show that globalisation has positively affected the country's economic growth and employment, substantial evidence for its impact on ...

  8. Globalization: Issues, Challenges and Responses Among the ...

    Globalization can be both negative and positive. In the Philippines, the goal of attaining sustainable development has been a primary consideration; therefore, global forces are often intended to achieve, and directed towards achieving this purpose. ... This is the case for indigenous communities like the Moros in the southern Philippines, who ...

  9. Economic globalization and regional disparities in the Philippines

    This paper empirically tracks the Philippine (policy) path following the mantra of economic globalization over the past 25 years. Specifically, it investigates the resulting regional growth-inequality relationships and development footprints accompanying the restructuring of political economy and livelihoods.

  10. Globalization, power and the politics of scale in the Philippines

    Firstly, the Philippine case study emphasizes the close integration of the metaphorical and the material, or the discursive and the political economic, in the unfolding of socioeconomic change. The processes of economic globalization in the Philippines (notwith- standing doubts as to whether that is the best word to describe them) are real enough.

  11. PDF Globalization and Glocalization: Experiences in the Local Philippine

    This study examines local responses to globalization. It determines how globalization and glocalization are experienced in the local Philippine setting, with Cebu City as a case in point. It focuses on selected sectors, namely, business, export, and ICT and looks at policy initiatives from these sectors as responses to changing global conditions.

  12. The Role of the State in the Globalisation of Labour Markets: The Case

    These propositions are examined through a case study of the structuring of the Filipino state in pursuing its well-known labour-export policy. ... the globalization of nursing—the case of the Philippines" Pilipinas number 27, Fall, 67-92. Google Scholar ... Lindquist B A, 1993, "Migration networks: a case study in the Philippines ...

  13. Agriculture, globalization, and ecological footprint: the role of

    The study is poised to ascertain if agriculture increases environmental quality or contributes to environmental degradation in the case of the Philippines through the lens of an agriculture-induced EKC hypothesis as seen in Agboola and Bekun (), Mahmood et al. (), Gokmenoglu et al. (), Gokmenoglu and Taspinar (), Doğan (), and Dogan ().The authors are also interested in finding out the role ...

  14. City Development in Emerging Economies: The Case of Davao ...

    Using the case study of Davao city in the Philippines, we attempt to analyze the policies and strategies undertaken to manage the challenges of globalization and decentralization. While the primacy of the capital Metro Manila remains, other cities and metropolitan areas are converging rapidly, most notable of which is Metro Davao.

  15. PDF CHAPTER 16 GLOBALIZATION AND NATION-BUILDING IN THE PHILIPPINES: State

    In the latest survey, about 94 percent of all Filipino families reported that they were affected by the crisis. In response to the crisis, one in every two families in the lowest 40 percent income bracket changed their eating patterns while three out of ten families increased their working hours.40.

  16. The Philippines economy in 2024

    The Philippines ended 2023 on a high note, being the fastest growing economy across Southeast Asia with a growth rate of 5.6 percent—just shy of the government's target of 6.0 to 7.0 percent. 1 "National accounts," Philippine Statistics Authority, January 31, 2024; "Philippine economic updates," Bangko Sentral ng Pilipinas, November 16, 2023. ...

  17. Globalization, power and the politics of scale in the Philippines

    Abstract. Based on a case study from the Philippines, this paper argues that globalization forms a material set of processes, but also a political discourse employed to legitimize certain power relations. I argue, firstly, that scales, and particularly the global scale, can be viewed as social constructions reflecting political interests rather ...

  18. Migration Networks: A Case Study in the Philippines

    Abstract. International labor migration has been a major feature of the Philippine political economy the past twenty years. Originally envisioned by the government as a temporary measure to ease domestic employment pressure and stimulate industrialization, migration has persisted in the face of declining wages and abusive recruitment practices.

  19. PDF Trade and Poverty Issues: A Country Case Study of the Philippines

    A COUNTRY CASE STUDY OF THE PHILIPPINES Author: STA. ROMANA, Leonardo L. past decade or so, poverty levels have remained persistently high, while only showing a decline in recent years. 3. The Poor in the Rural Areas Despite growing urbanization, more than half (51%) of the Philippines' 100 million people live in rural areas.

  20. Migrant Workers, Language Learning, and Spaces of Globalization: The

    It initially surveys the notion of language learning within the backdrop of globalization and proceeds with exemplifying inherent characteristics of migrant workers in the Philippines which show the complex relations between language learning and globalization. Drawing insights from a case study conducted among maritime professionals in the ...

  21. (PDF) Internationalization of Higher Education Institutions: The Case

    Moreover, a case study explored the case of four (4) HEIs in the Philippines, which described the conscious efforts of universities to observe existing internationalization structures, policies ...

  22. ASEAN regionalism and cross-border research of Philippine higher

    4 To contextualise the respondents' view, see: (a) UNESCO (Citation 2021, 684-685): Among middle-income countries in ASEAN, the Philippines has the lowest volume of publications, 2011-2019; the Philippines is the third lowest ASEAN Member State in terms of scientific publications per million inhabitants in Southeast Asia, 2011, 2015, 2019; (b) British Council (Citation 2015, 3): The ...

  23. The State and the Globalisation of Care: The Philippines and ...

    Abstract. Nurse migration, particularly from the Philippines, has attracted significant attention in the literature, which largely discusses the issues of brain-drain, rights violations, human agency, structural determinants and impact of the exodus. This essay argues that the Philippine state, in coping with neo-liberal restructuring, has been ...

  24. The role of natural resources, fintech, political stability, and social

    Numerous studies illustrate that natural resources, financial technologies, social globalization, and political stability are essential factors that influence environmental sustainability. Therefore, researchers in developed nations must explore these interconnections further, mainly when these nations focus on achieving net zero emissions targets.