what are the competitive advantages of the philippines in the world market?
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Competitive Advantages. The Filipino workforce is one of the most compelling advantages the Philippines has over any other Asian country. With higher education priority, the literacy rate in the country is 94.6% - among the highest.
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Answer. Globalization creates greater opportunities for firms in less industrialized countries to tap into more and larger markets around the world. Thus, businesses located in developing countries have more access to capital flows, technology, human capital, cheaper imports, and larger export markets.
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With the full integration of the ASEAN countries, investments, services, job skills and a free market would enable the Philippines to have economic prosperity and the benefits will eventually trickle down to the citizens' benefit. ... Cooperation is the key ingredient to make ASEAN a success.
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Outstanding physical features of the Philippines include the irregular configuration of the archipelago, the coastline of some 22,550 miles (36,290 km), the great extent of mountainous country, the narrow and interrupted coastal plains, the generally northward trend of the river systems, and the spectacular lakes.
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Provides a Competitive Advantage If you're able to tap into an international market that your competitors aren't servicing, you can gain a competitive advantage by providing the products and services that consumers are demanding. ... Expanding overseas also helps to extend the life cycle of your products and services.
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One of the significant advantages of international trade is market diversification. Focusing only on the domestic market may expose you to increased risk from downturns in the economy, political factors, environmental events and other risk factors.
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There are numerous benefits of a global economy, which include: Free trade: Free trade is an excellent method for countries to exchange goods and services. It also allows countries to specialise in the production of those goods in which they have a comparative advantage.
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['more International Trade.', 'more goods & services generally available at lower prices.', 'higher quality goods & services more generally available.', 'more Wealth in the world.', 'lower Cost of Living.', 'higher Standard of Living.', 'Waste Reduction from greater Economic Efficiency.']
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['Access to New Cultures. ... ', 'The Spread of Technology and Innovation. ... ', 'Lower Costs for Products. ... ', 'Higher Standards of Living Across the Globe. ... ', 'Access to New Markets. ... ', 'Access to New Talent. ... ', 'International Recruiting. ... ', 'Managing Employee Immigration.']
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Some advantages of global sourcing, beyond low cost, include: learning how to do business in a potential market, tapping into skills or resources unavailable domestically, developing alternate supplier/vendor sources to stimulate competition, and increasing total supply capacity.
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['Strengthened competitive position.', 'Adaptability to changing or emerging market conditions and to environmental and other government regulations.', 'Higher productivity.', 'Enhanced market image.', 'Elimination of defects and waste.', 'Reduced costs and better cost management.', 'Higher profitability.', 'Improved customer focus and satisfaction.']
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Advantages for the company investing in a foreign market include access to the market, access to resources, and reduction in the cost of production. Disadvantages for the company include an unstable and unpredictable foreign economy, unstable political systems, and underdeveloped legal systems.
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The Philippines is one of the most westernized nations in Southeast Asia, a unique blend of eastern and western cultures. Spain (1565-1898) and the United States (1898-1946), colonized the country and have been the most significant influences on the Philippine culture.
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The Philippines is historically a Third World country and currently a developing country. The GDP per capita is low and the infant mortality rate is high. ... China is a developing country today and is part of BRICS.
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Some of them are Internet, technological advancement, flexible rules and regulations of the country and lesser communication costs. FDI stimulates competition, capital, technological and managerial skills which has a positive effect on both host and home country's economic growth.
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['Specialization of Resource Allocation. ... ', 'Manufacturing Growth. ... ', 'Economic Dependence of Underdeveloped Countries. ... ', 'Competitive Pricing Leads to Stabilization. ... ', 'Distribution and Telecommunications Innovation. ... ', 'Extending Product Life Cycles. ... ', 'Import of Harmful Products and Unfair Trade Practices.']
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The relationship between the United States and the Philippines has historically been strong and has been described as a Special Relationship. ... The Philippines is one of the oldest Asian partners of the U.S. and a strategically major non-NATO ally.