In recent years, the Philippines has defied expectations, emerging as one of the world's fastest-growing economies, rivaling the remarkable growth rates of its Asian counterparts like China. Amidst its historically chaotic political landscape and scrutinized media environment, the Philippines has garnered global attention for its economic prowess, surpassing Malaysia and Vietnam to become Southeast Asia's fastest-growing economy. Rooted in its rich history as one of Asia's wealthiest nations, second only to Japan in the past, the Philippines is poised to reclaim its economic prominence. Despite setbacks in the 1980s and historical challenges, recent governmental shifts towards infrastructure development, international event hosting, and attracting foreign investments have spurred economic growth. With an expanding export portfolio spanning electronics, machinery, agricultural products, and minerals, coupled with strong trade partnerships with the United States, Japan, China, and ASEAN nations, the Philippines is on a trajectory to become one of the world's largest economies by 2055. With an average growth rate of six percent since 2010 and a projected trillion-dollar economy by 2035, the Philippines' transformation from an agricultural-based economy to a manufacturing and export powerhouse signifies its potential to become a formidable economic superpower in the near future. Like, comment, and subscribe for more in-depth coverage of global economies and geopolitics. Watch complete video and do not forget to visit our channel for more interesting videos.
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0:00 Introduction
1:08 Is the Philippines on Its Way to Become an Economic Superpower?
2:26 When the Things Started Going South
3:36 Why so?
4:09 The Road to Change
5:25 What's the future like?
7:10 Trade Partners
9:05 Eng Note
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#thepacificreport #philippines #philippineseconomy #philippinesvsjapan #asiantiger #philippine2024
Disclaimer:
The content in this video reflects the author(s)' thoughts and does not represent the official viewpoint of The Pacific Report; viewers are recommended to conduct their own research and seek expert advice before relying on the information provided.
-------------------------------------------------------------------------------
0:00 Introduction
1:08 Is the Philippines on Its Way to Become an Economic Superpower?
2:26 When the Things Started Going South
3:36 Why so?
4:09 The Road to Change
5:25 What's the future like?
7:10 Trade Partners
9:05 Eng Note
---------------------------------------------------------------------------------
Support us at Patreon:
/ thepacificreport
---------------------------------------------------------------------------------
Join us on our WhatsApp Channel with the link below:
https://whatsapp.com/channel/0029VaIZ...
---------------------------------------------------------------------------------
Social Media Links:
Website: https://www.thepacificreports.com
YouTube:
/ @thepacificreports
Patreon:
/ thepacificreport
Facebook:
/ thepacificreportpr
Instagram:
/ @thepacificreports
Threads: https://www.threads.net/@thepacificre...
Twitter:
/ pacific_reports
TikTok:
/ thepacificreport
Tumblr: https://www.tumblr.com/thepacificreport
Mix: https://mix.com/thepacificreport
OK: https://ok.ru/profile/589448821950
Pintrest:
/ thepacificreport
#thepacificreport #philippines #philippineseconomy #philippinesvsjapan #asiantiger #philippine2024
Disclaimer:
The content in this video reflects the author(s)' thoughts and does not represent the official viewpoint of The Pacific Report; viewers are recommended to conduct their own research and seek expert advice before relying on the information provided.