The Philippines has long been an economic laggard surrounded by tigers. That was the case prior to 2006, however I would suggest there are reasons to think that the Philippines is going to do very well:
1. Call centres: The Philippines holds the leading position in the development of call centres. They are fluent in English, they are polite and positive,m without being arrogant or pushy. They are the closest living relatives to Westerners when it comes to customer service. The implication is that the Philippines is set to become an important market in this area, and new technological solutions seem certain to push this technology into the home.
2. Metal production: The Philippines gold & copper production is taking off as a result of greater security of mining title. Already a number of companies have committed to construction of several large scale mining projects, which will help the country's terms of trade.
3. Agriculture: The Philippines is a low-cost place to farm, yet the country's food production has diminished in recent years as a result of low prices and drought.
All of these sectors create opportunities for investment, which I will discuss whether in my next posts.
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Andrew Sheldon www.sheldonthinks.com
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Wednesday, February 13, 2008
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