economy of the philippines and it's neighbors
DESCRIPTION
TRANSCRIPT
ECONOMY OF THE PHILIPPINES AND ITS NEIGHBORS:MALAYSIA AND INDONESIA
Victoria RockMGMT220-1201A-04Prof. Ryan RepichJanuary 21, 2012
ABSTRACT
INTRODUCTION
Economy of the Philippines
A candidate to lead Asia Economic position challenged.Sluggish economic growth.Affected be Asia economic crisis Capitalist market economy in Asia Newly industrialized country
Economy of the Philippines (2012)
GDP: $351.4 billionGDP growth: 7.3%GDP per capita:
$3,500GPD by sector Agriculture: 12.3% Industry: 32.6% Services: 55.1%
Inflation: 3.8%Exports: $50.68
billionImport: $61.07billionPublic debt: 52.4%
of GDP
Philippine Economic Strengths
Large agriculture sector
ManufacturingMining Foreign Workers
RemittanceServices- Tourism
Business process outsourcing
Industrial Sector Manufacturing
electronics High-tech
components Foods and
beverages
Economy of Malaysia
Centre of trade for centuries.
Affected by Asian crisis.
Emerged as multi-sector economy.
Rapid economic boom
Economy of Malaysia (2012)
GDP : $414.4 billion
GDP real growth rate: 7.2%
GDP per capita : $14,700
GDP by sectoragriculture:
10.5%industry: 41.4%services: 48.2%
Inflation : 1.7%Public Debt : 53.1%
of GDP
Malaysia Economic Strengths
Services : 48.2%Industry : 41.4%Agriculture :
10.5%RubberPalm oilCocoaRiceTimber
Economy of Indonesia
On significant economic reforms.Declining debt-to-GDP ratio.One of the three best stock market
performers in the world.Suffered major disasters.Affected by Asian economic crisis.
Economy of Indonesia (2012)
GDP : $1.03 trillion
GDP real growth rate : 6.1%
GDP per capita : $4,200
GDP by sectoragriculture:
15.3%industry: 47%services: 37.6%
Inflation : 5.1%Public Debt :
25.7% of GDP
Indonesia Economic Strengths
Services
Industrypetroleum and
natural gasTextilesApparelMining
AgriculturePalm oilRiceTeaCoffeeSpicesRubber
Impacts of Economic Strengths
Similarities in Economic strengths.
Tourism competitionAll three are behind China.Indonesia and Malaysia slower this year.
Investing in the Philippines: Management Issues
Economic Instability
Graft and Corruption
Safety threatsDisasters
NaturalMan-made
Investing in the Philippines: Management Issues
Non-compliance of relevant business factors:minimum wage lawspayment of right taxeshealth and safety requirementsworking hours
Conclusion
Most Asian countries including Philippines, Malaysia and Indonesia have suffered, and perhaps will be suffering from economic crisis, but these countries have been exerting all their best efforts to get up from the pack. Malaysia has advanced much ahead in is economic conditions while the Philippines and Indonesia are still struggling to improve their economic situation. So far there has been good signs of improvements, despite the different challenges faced.
References
Background Note: Philippines. (2012, January 17). Retrieved from U.S.
Department of State: http://www.state.gov/r/pa/ei/bgn/2794.htm#econPhilippines: Economy. (n.d.). Retrieved from Wikipedia; The free
encyclopedia: http://en.wikipedia.org/wiki/PhilippinesPhilippines: Uniquely Rising from Its Past. (n.d.). Retrieved from Thomas
White: Global Investing: http://www.thomaswhite.com/explore-the-world/philippines.aspx
World Factbook: Indonesia. (2012, January 3). Retrieved from Central Intelligence Agency: https://www.cia.gov/library/publications/the-world-factbook/geos/id.html
World Factbook: Malaysia. (2012, January 3). Retrieved from Central Intelligence Agency: https://www.cia.gov/library/publications/the-world-factbook/geos/my.html
World Factbook: Philippines. (2011, December 20). Retrieved from Central Intelligence Agency: https://www.cia.gov/library/publications/the-world-factbook/geos/rp.html