2013년 11월 24일 일요일

오전 5:55

By Cecil Lieb

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Ｉｍｐｏｒｔａｎｔ               ｓｅｃｔｏｒｓ               ｏｆ               ｔｈｅ               Ｐｈｉｌｉｐｐｉｎｅ               ｅｃｏｎｏｍｙ               ｉｎｃｌｕｄｅ               ａｇｒｉｃｕｌｔｕｒｅ               ａｎｄ               ｉｎｄｕｓｔｒｙ,               ｐａｒｔｉｃｕｌａｒｌｙ               ｆｏｏｄ               ｐｒｏｃｅｓｓｉｎｇ,               ｔｅｘｔｉｌｅｓ               ａｎｄ               ｇａｒｍｅｎｔｓ,               ａｎｄ               ｅｌｅｃｔｒｏｎｉｃｓ               ａｎｄ               ａｕｔｏｍｏｂｉｌｅ               ｐａｒｔｓ.

Ｍｏｓｔ               ｉｎｄｕｓｔｒｉｅｓ               ａｒｅ               ｃｏｎｃｅｎｔｒａｔｅｄ               ｉｎ               ｔｈｅ               ｕｒｂａｎ               ａｒｅａｓ               ａｒｏｕｎｄ               ｍｅｔｒｏｐｏｌｉｔａｎ               Ｍａｎｉｌａ.

Ｍｉｎｉｎｇ               ａｌｓｏ               ｈａｓ               ｇｒｅａｔ               ｐｏｔｅｎｔｉａｌ               ｉｎ               ｔｈｅ               Ｐｈｉｌｉｐｐｉｎｅｓ,               ｗｈｉｃｈ               ｐｏｓｓｅｓｓｅｓ               ｓｉｇｎｉｆｉｃａｎｔ               ｒｅｓｅｒｖｅｓ               ｏｆ               ｃｈｒｏｍｉｔｅ,               ｎｉｃｋｅｌ,               ａｎｄ               ｃｏｐｐｅｒ.

Ｒｅｃｅｎｔ               ｎａｔｕｒａｌ               ｇａｓ               ｆｉｎｄｓ               ｏｆｆ               ｔｈｅ               ｉｓｌａｎｄｓ               ｏｆ               Ｐａｌａｗａｎ               ａｄｄ               ｔｏ               ｔｈｅ               ｃｏｕｎｔｒｙ'ｓ               ｓｕｂｓｔａｎｔｉａｌ               ｇｅｏｔｈｅｒｍａｌ,               ｈｙｄｒｏ,               ａｎｄ               ｃｏａｌ               ｅｎｅｒｇｙ               ｒｅｓｅｒｖｅｓ.

Ｉｎ               ｃｏｎｃｌｕｓｉｏｎ,               ｔｈｅ               Ｐｈｉｌｉｐｐｉｎｅｓ               ｉｓ               ａｂｕｎｄａｎｔ               ｉｎ               ｍｉｎｅｒａｌ               ｒｅｓｏｕｒｃｅｓ               ａｎｄ               ｎａｔｕｒａｌ               ｇａｓ.

Ｔｈｅ               ａｇｒｉｃｕｌｔｕｒａｌ               ｓｅｃｔｏｒ               ｓｅｅｓ               ｔｈｅ               ｉｎｖｏｌｖｅｍｅｎｔ               ｏｆ               ａｂｏｕｔ               ｔｗｏ-ｔｈｉｒｄｓ               ｏｒ               ｍｏｒｅ               ｔｈａｎ               40%               ｏｆ               Ｆｉｌｉｐｉｎｏｓ.

Ｒｉｃｅ               ｒｅｍａｉｎｓ               ｔｈｅ               ｍｏｓｔ               ｉｍｐｏｒｔａｎｔ               ａｇｒｉｃｕｌｔｕｒａｌ               ｐｒｏｄｕｃｔ.

Ｉｎ               ｏｒｄｅｒ               ｔｏ               ｉｎｃｒｅａｓｅ               ｔｈｅ               ｅｃｏｎｏｍｉｃ               ｇｒｏｗｔｈ               ｏｆ               ｔｈｅ               ｃｏｕｎｔｒｙ,               ｔｈｅ               Ｆｉｌｉｐｉｎｏｓ               ｒｅｌｙ               ｏｎ               ｍａｊｏｒ               ｐｒｏｄｕｃｔｓ               ｓｕｃｈ               ａｓ               ｃｏｃｏｎｕｔｓ               (ｃｏｐｒａ               ａｎｄ               ｃｏｃｏｎｕｔ               ｏｉｌ),               ａｂａｃａ               (Ｍａｎｉｌａ               ｈｅｍｐ),               ｔｏｂａｃｃｏ,               ａｎｄ               ｓｕｇａｒ               ｆｏｒ               ｅｘｐｏｒｔ               ｐｕｒｐｏｓｅｓ.

Ｔｈｅ               ｉｓｌａｎｄ               ｒｅｐｕｂｌｉｃ               ｉｓ,               ｈｏｗｅｖｅｒ,               ｄｉｖｅｒｓｉｆｙｉｎｇ               ｆｒｏｍ               ａｇｒｉｃｕｌｔｕｒａｌ               ａｎｄ               ｍｉｎｅｒａｌ               ｐｒｏｄｕｃｔ               ｅｘｐｏｒｔｓ               ｉｎｔｏ               ｈｉｇｈｅｒ               ｖａｌｕｅ               ｍａｎｕｆａｃｔｕｒｅｄ               ａｎｄ               ｌｕｘｕｒｙ               ｇｏｏｄｓ               ｓｕｃｈ               ａｓ               ｅｌｅｃｔｒｏｎｉｃｓ,               ａｐｐａｒｅｌ               ａｎｄ               ｃｌｏｔｈｉｎｇ               ａｃｃｅｓｓｏｒｉｅｓ               ａｓ               ｗｅｌｌ               ａｓ               ｃｏｍｐｕｔｅｒ-ｒｅｌａｔｅｄ               ｐｒｏｄｕｃｔｓ.

Ｄｅｓｐｉｔｅ               ｔｈｅ               ｇｒｏｗｉｎｇ               ｅｃｏｎｏｍｙ,               ｔｈｅ               ｇｏｖｅｒｎｍｅｎｔ               ｗａｓ               ａｂｌｅ               ｔｏ               ｋｅｅｐ               ｔｈｅ               ｄｏｍｅｓｔｉｃ               ｉｎｆｌａｔｉｏｎ               ｕｎｄｅｒ               ｃｏｎｔｒｏｌ               ａｔ               ａｎ               ａｐｐｒｏｘｉｍａｔｅ               4.8%               ｉｎ               1998.

Ｔｈｅ               ａｇｒｉｃｕｌｔｕｒａｌ               ｉｎｄｕｓｔｒｙ               ｏｆ               ｔｈｅ               Ｐｈｉｌｉｐｐｉｎｅｓ               ｉｓ               ｏｎｅ               ｏｆ               ｔｈｅ               ｆａｓｔｅｓｔ               ｇｒｏｗｉｎｇ               ｅｃｏｎｏｍｉｅｓ               ｉｎ               Ｓｏｕｔｈ               Ｅａｓｔ               Ａｓｉａ.

Ｔｈｅ               ｍａｒｋｅｔ               ｃｏｎｓｉｓｔｓ               ｍｏｓｔｌｙ               ｏｆ               ｓｅｒｖｉｃｅｓ,               ａｓ               ｐｒｏｄｕｃｔｉｖｉｔｙ               ｉｎ               ａｇｒｉｃｕｌｔｕｒｅ               ａｎｄ               ｉｎｄｕｓｔｒｙ               ｉｓ               ｇｒｏｗｉｎｇ               ａｓ               ｗｅｌｌ.
               Ｔｈｅ               Ｐｈｉｌｉｐｐｉｎｅｓ               ｗａｓ               ｌｅｓｓ               ｓｅｖｅｒｅｌｙ               ａｆｆｅｃｔｅｄ               ｂｙ               ｔｈｅ               Ａｓｉａｎ               ｆｉｎａｎｃｉａｌ               ｃｒｉｓｉｓ               ｏｆ               1998               ｔｈａｎ               ｉｔｓ               ｎｅｉｇｈｂｏｒｓ,               ａｉｄｅｄ               ｉｎ               ｐａｒｔ               ｂｙ               ａｎｎｕａｌ               ｒｅｍｉｔｔａｎｃｅｓ               ｏｆ               $7-8               ｂｉｌｌｉｏｎ               ｆｒｏｍ               ｏｖｅｒｓｅａｓ               ｗｏｒｋｅｒｓ               ａｎｄ               ｎｏ               ｓｕｓｔａｉｎｅｄ               ｒｕｎ-ｕｐ               ｉｎ               ａｓｓｅｔ               ｐｒｉｃｅｓ               ｏｒ               ｆｏｒｅｉｇｎ               ｂｏｒｒｏｗｉｎｇ               ｐｒｉｏｒ               ｔｏ               ｔｈｅ               ｃｒｉｓｉｓ.

Ｆｒｏｍ               ａ               0.6%               ｄｅｃｌｉｎｅ               ｉｎ               1998,               ＧＤＰ               ｅｘｐａｎｄｅｄ               ｂｙ               2.4%               ｉｎ               1999,               ａｎｄ               4.4%               ｉｎ               2000,               ｂｕｔ               ｓｌｏｗｅｄ               ｔｏ               3.2%               ｉｎ               2001               ｉｎ               ｔｈｅ               ｃｏｎｔｅｘｔ               ｏｆ               ａ               ｇｌｏｂａｌ               ｅｃｏｎｏｍｉｃ               ｓｌｏｗｄｏｗｎ,               ａｎ               ｅｘｐｏｒｔ               ｓｌｕｍｐ,               ａｎｄ               ｐｏｌｉｔｉｃａｌ               ａｎｄ               ｓｅｃｕｒｉｔｙ               ｃｏｎｃｅｒｎｓ.

ＧＤＰ               ｇｒｏｗｔｈ               ａｃｃｅｌｅｒａｔｅｄ               ｔｏ               4.3%               ｉｎ               2002,               4.7%               ｉｎ               2003,               ａｎｄ               ａｂｏｕｔ               6%               ｉｎ               2004,               ｒｅｆｌｅｃｔｉｎｇ               ｔｈｅ               ｃｏｎｔｉｎｕｅｄ               ｒｅｓｉｌｉｅｎｃｅ               ｏｆ               ｔｈｅ               ｓｅｒｖｉｃｅ               ｓｅｃｔｏｒ,               ａｎｄ               ｉｍｐｒｏｖｅｄ               ｅｘｐｏｒｔｓ               ａｎｄ               ａｇｒｉｃｕｌｔｕｒａｌ               ｏｕｔｐｕｔ.

Ｎｏｎｅｔｈｅｌｅｓｓ,               ｉｔ               ｗｉｌｌ               ｔａｋｅ               ａ               ｈｉｇｈｅｒ,               ｓｕｓｔａｉｎｅｄ               ｇｒｏｗｔｈ               ｐａｔｈ               ｔｏ               ｍａｋｅ               ａｐｐｒｅｃｉａｂｌｅ               ｐｒｏｇｒｅｓｓ               ｉｎ               ｐｏｖｅｒｔｙ               ａｌｌｅｖｉａｔｉｏｎ               ｇｉｖｅｎ               ｔｈｅ               Ｐｈｉｌｉｐｐｉｎｅｓ'               ｈｉｇｈ               ａｎｎｕａｌ               ｐｏｐｕｌａｔｉｏｎ               ｇｒｏｗｔｈ               ｒａｔｅ               ａｎｄ               ｕｎｅｑｕａｌ               ｄｉｓｔｒｉｂｕｔｉｏｎ               ｏｆ               ｉｎｃｏｍｅ
               Ｔｈｅ               ｉｎｆｒａｓｔｒｕｃｔｕｒｅ               ｏｆ               ｔｈｅ               Ｐｈｉｌｉｐｐｉｎｅｓ               ｉｓ               ｉｎａｄｅｑｕａｔｅ               ｆｏｒ               ｔｈｅ               ｅｃｏｎｏｍｉｃ               ｄｅｖｅｌｏｐｍｅｎｔ               ｓｏｕｇｈｔ               ｂｙ               ｔｈｅ               ｇｏｖｅｒｎｍｅｎｔ,               ｉｎｔｅｒｎａｔｉｏｎａｌ               ａｇｅｎｃｉｅｓ,               ａｎｄ               ｍｕｌｔｉｎａｔｉｏｎａｌ               ｃｏｒｐｏｒａｔｉｏｎｓ.

Ｓｏｍｅ               ｌａｒｇｅ-ｓｃａｌｅ               ｉｍｐｒｏｖｅｍｅｎｔｓ               ｗｅｒｅ               ｍａｄｅ               ｉｎ               ｔｈｅ               ｐａｓｔ               ｔｏ               ｔｈｅ               ｃｏｕｎｔｒｙ'ｓ               ｓｃｈｏｏｌｓ,               ｈｅａｌｔｈ               ｃｅｎｔｅｒｓ,               ｂｒｉｄｇｅｓ,               ｒｏａｄｓ,               ａｎｄ               ｉｒｒｉｇａｔｉｏｎ               ｗｏｒｋｓ.

Ｈｏｗｅｖｅｒ,               ｇｏｖｅｒｎｍｅｎｔ               ｉｎｖｅｓｔｍｅｎｔ               ｉｎ               ｉｎｆｒａｓｔｒｕｃｔｕｒｅ               ｈａｓ               ｎｏｔ               ｋｅｐｔ               ｐａｃｅ               ｗｉｔｈ               ｐｏｐｕｌａｔｉｏｎ               ｇｒｏｗｔｈ               ａｎｄ               ｍｏｄｅｒｎ               ｔｅｃｈｎｏｌｏｇｉｅｓ.

Ｒｏａｄｓ               ｒｅｍａｉｎ               ｕｎｐａｖｅｄ               ｉｎ               ｍｏｓｔ               ｒｕｒａｌ               ａｒｅａｓ.

Ｃｉｔｉｅｓ               ｌａｃｋ               ｓｕｆｆｉｃｉｅｎｔ               ｐｕｂｌｉｃ               ｔｒａｎｓｐｏｒｔａｔｉｏｎ,               ｇａｒｂａｇｅ               ｃｏｌｌｅｃｔｉｏｎ,               ｅｎｅｒｇｙ               ｒｅｓｏｕｒｃｅｓ,               ｐｏｔａｂｌｅ               ｗａｔｅｒ,               ａｎｄ               ｓｅｗｅｒａｇｅ               ｔｒｅａｔｍｅｎｔ.

Ｒｅｓｏｕｒｃｅｓ               ｆｏｒ               ｉｎｆｒａｓｔｒｕｃｔｕｒｅ-ｄｅｖｅｌｏｐｍｅｎｔ               ｐｒｏｊｅｃｔｓ               ａｒｅ               ｏｆｔｅｎ               ｌｉｍｉｔｅｄ               ｂｅｃａｕｓｅ               ｏｆ               ｔｈｅ               ｃｏｕｎｔｒｙ'ｓ               ｈｕｇｅ               ｐａｙｍｅｎｔｓ               ｏｎ               ｉｔｓ               ｆｏｒｅｉｇｎ               ｄｅｂｔ.
               Ｉｎ               2004               ｔｈｅ               ｅｃｏｎｏｍｙ               ｇｒｅｗ               ｂｙ               6.1%,               ｈｉｇｈｅｒ               ｔｈａｎ               ｇｏｖｅｒｎｍｅｎｔ               ｅｓｔｉｍａｔｅｓ.

Ｈｏｗｅｖｅｒ               ｔｈｅ               ｙｅａｒ               ａｌｓｏ               ｓａｗ               ａｎ               ｉｎｆｌａｔｉｏｎ               ｒａｔｅ               ｏｆ               6%,               ｍｏｓｔｌｙ               ａｓ               ａ               ｒｅｓｕｌｔ               ｏｆ               ｈｉｇｈｅｒ               ｏｉｌ               ｐｒｉｃｅｓ.

Ｔｈｅ               ｆｉｒｓｔ               3               ｍｏｎｔｈｓ               ｏｆ               2005               ｈａｖｅ               ｓｅｅｎ               ｒｅｃｏｒｄ               ｉｎｆｌａｔｉｏｎ               ａｖｅｒａｇｉｎｇ               8.5%,               ａｎｄ               ｗｉｔｈ               ｄｅｃｌｉｎｉｎｇ               ｉｍｐｏｒｔｓ               ａｎｄ               ｅｘｐｏｒｔｓ               ｉｔ               ｉｓ               ｅｘｐｅｃｔｅｄ               ｔｈａｔ               ｔｈｅ               ｅｃｏｎｏｍｙ               ｍｉｇｈｔ               ｃｏｎｔｒａｃｔ               ｉｎ               ｔｈｅ               ｆｉｒｓｔ               ｑｕａｒｔｅｒ.

Ｏｎ               ｔｈｅ               ｃｕｒｒｅｎｃｙ               ｓｉｄｅ,               ｔｈｅ               ｐｅｓｏ,               ａｌｏｎｇ               ｗｉｔｈ               ｏｔｈｅｒ               Ａｓｉａｎ               ｃｕｒｒｅｎｃｉｅｓ,               ｈａｓ               ｇａｉｎｅｄ               ｏｎ               ｔｈｅ               ｄｏｌｌａｒ               ｔｈｉｓ               ｙｅａｒ,               ａｓ               ｏｆ               ｅａｒｌｙ               Ｍａｙ               2005               ｉｓ               ｔｒａｄｉｎｇ               ａｔ               ａｒｏｕｎｄ               54.20               ｔｏ               ｔｈｅ               ｇｒｅｅｎｂａｃｋ.

Ｔｈｅ               ｐｅｓｏ               ｈａｓ               ｂｅｅｎ               ｔａｇｇｅｄ               ａｓ               ｔｈｅ               ｂｅｓｔ               ｃｕｒｒｅｎｃｙ               ｐｅｒｆｏｒｍｅｒ               ｆｏｒ               ｔｈｅ               ｙｅａｒ               2005,               ａｃｃｏｒｄｉｎｇ               ｔｏ               Ｆｏｒｂｅｓ.
               Ｄｅｓｐｉｔｅ               ｓｌｏｗｅｒ               ｔｈａｎ               ｈｏｐｅｄ               ｇｒｏｗｔｈ,               ｔｈｅ               Ｐｈｉｌｉｐｐｉｎｅｓ'               ｌｏｎｇｅｒ               ｔｅｒｍ               ｐｒｏｓｐｅｃｔｓ               ｒｅｍａｉｎ               ｂｒｉｇｈｔ.

Ｔｈｅ               Ａｑｕｉｎｏ               ａｎｄ               Ｒａｍｏｓ               ａｄｍｉｎｉｓｔｒａｔｉｏｎｓ               ｏｐｅｎｅｄ               ｕｐ               ｔｈｅ               ｒｅｌａｔｉｖｅｌｙ               ｃｌｏｓｅｄ               Ｐｈｉｌｉｐｐｉｎｅ               ｅｃｏｎｏｍｙ               ａｎｄ               ｐｒｏｖｉｄｅｄ               ａ               ｆｉｒｍｅｒ               ｂａｓｅ               ｆｏｒ               ｓｕｓｔａｉｎａｂｌｅ               ｅｃｏｎｏｍｉｃ               ｇｒｏｗｔｈ.

Ａｆｔｅｒ               ａ               ｓｌｏｗ               ｓｔａｒｔ,               Ｐｒｅｓｉｄｅｎｔ               Ｅｓｔｒａｄａ               ａｎｄ               ｃｏｎｔｉｎｕｅｄ               ｗｉｔｈ,               ａｎｄ               ｅｘｐａｎｄｅｄ,               ｌｉｂｅｒａｌｉｚａｔｉｏｎ               ａｎｄ               ｍａｒｋｅｔ-ｂａｓｅｄ               ｐｏｌｉｃｉｅｓ               ａｎｄ               ｒｅｆｏｒｍｓ.

Ｅｆｆｏｒｔｓ               ｔｏ               ｒｅｆｏｒｍ               ｔｈｅ               ｃｏｎｓｔｉｔｕｔｉｏｎ               ｔｏ               ｅｎｃｏｕｒａｇｅ               ｆｏｒｅｉｇｎ               ｉｎｖｅｓｔｍｅｎｔ,               ｐａｒｔｉｃｕｌａｒｌｙ               ｆｏｒｅｉｇｎ               ｏｗｎｅｒｓｈｉｐ               ｏｆ               ｌａｎｄ,               ｗｅｒｅ               ａｂａｎｄｏｎｅｄ               ａｍｉｄｓｔ               ｎａｔｉｏｎａｌｉｓｔ               ｏｐｐｏｓｉｔｉｏｎ.

Ｉｎｉｔｉａｌ               ｏｐｔｉｍｉｓｍ               ａｂｏｕｔ               ｐｒｏｓｐｅｃｔｓ               ｆｏｒ               ｅｃｏｎｏｍｉｃ               ｒｅｆｏｒｍ               ａｌｓｏ               ｈａｄ               ｄｉｍｍｅｄ               ａｍｉｄ               ｃｏｎｃｅｒｎｓ               ｏｆ               ｇｏｖｅｒｎｍｅｎｔａｌ               ｃｏｒｒｕｐｔｉｏｎ.

Ｒｅｃｅｎｔ               ｓｃａｎｄａｌｓ               ｉｎｖｏｌｖｉｎｇ               ｔｈｅ               Ｐｈｉｌｉｐｐｉｎｅ               Ｓｔｏｃｋ               Ｅｘｃｈａｎｇｅ,               ａｎｄ               ｔｈｅ               Ｐｒｅｓｉｄｅｎｔ'ｓ               ｃｌｏｓｅ               ｔｉｅｓ               ｔｏ               ｃｅｒｔａｉｎ               ｂｕｓｉｎｅｓｓｍｅｎ,               ｓｈｏｏｋ               ｃｏｎｆｉｄｅｎｃｅ               ｏｆ               ｉｎｖｅｓｔｏｒｓ               ａｎｄ               ｔｈｅ               ｂｕｓｉｎｅｓｓ               ｃｏｍｍｕｎｉｔｙ               ａｎｄ               ｕｌｔｉｍａｔｅｌｙ               ｌｅｄ               ｔｏ               ｓｕｃｃｅｓｓｆｕｌ               ｅｆｆｏｒｔｓ               ｔｏ               ｉｍｐｅａｃｈ               ａｎｄ               ｒｅｍｏｖｅ               ｔｈｅ               ｐｒｅｓｉｄｅｎｔ.

Ｔｈｅ               ｐａｃｅ               ｏｆ               ｅｃｏｎｏｍｉｃ               ｒｅｆｏｒｍ,               ｐａｒｔｉｃｕｌａｒｌｙ               ｔｈｅ               ｐａｓｓａｇｅ               ｏｆ               ｋｅｙ               ｌｅｇｉｓｌａｔｉｏｎ               ｉｎ               ａｒｅａｓ               ｂｅｙｏｎｄ               ｒｅｔａｉｌ               ｔｒａｄｅ,               ｅｌｅｃｔｒｏｎｉｃ               ｃｏｍｍｅｒｃｅ,               ｂａｎｋｉｎｇ               ｒｅｆｏｒｍ,               ａｎｄ               ｓｅｃｕｒｉｔｉｅｓ               ｒｅｇｕｌａｔｉｏｎ,               ｉｓ               ｅｘｐｅｃｔｅｄ               ｔｏ               ａｃｃｅｌｅｒａｔｅ               ｕｎｄｅｒ               Ｍａｃａｐａｇａｌ-Ａｒｒｏｙｏ               ａｎｄ               ｓｈｏｕｌｄ               ｉｍｐｒｏｖｅ               ｔｈｅ               ｉｎｖｅｓｔｍｅｎｔ               ａｎｄ               ｂｕｓｉｎｅｓｓ               ｃｌｉｍａｔｅ
               Ｔｈｅ               Ｐｈｉｌｉｐｐｉｎｅｓ               ｈａｓ               ｅｘｔｅｎｓｉｖｅ               ｄｅｐｏｓｉｔｓ               ｏｆ               ｖａｌｕａｂｌｅ               ｍｅｔａｌｌｉｃ               ａｎｄ               ｍｉｎｅｒａｌ               ｏｒｅｓ,               ｉｎｃｌｕｄｉｎｇ               ｃｏｐｐｅｒ,               ｇｏｌｄ,               ｓｉｌｖｅｒ,               ｃｈｒｏｍｉｕｍ,               ｌｅａｄ,               ａｎｄ               ｎｉｃｋｅｌ.

Ｃｏｐｐｅｒ               ｉｓ               ｔｈｅ               ｃｏｕｎｔｒｙ'ｓ               ｌｅａｄｉｎｇ               ｍｉｎｅｒａｌ               ｐｒｏｄｕｃｔ.

Ｉｎ               2002               ｔｈｅ               Ｐｈｉｌｉｐｐｉｎｅｓ               ｐｒｏｄｕｃｅｄ               18,364               ｍｅｔｒｉｃ               ｔｏｎｓ               ｏｆ               ｃｏｐｐｅｒ.

Ｔｈｅ               ｍｉｎｉｎｇ               ｉｎｄｕｓｔｒｙ               ｇｒｅｗ               ｒａｐｉｄｌｙ               ｉｎ               ｔｈｅ               1970ｓ               ｉｎ               ｒｅｓｐｏｎｓｅ               ｔｏ               ｇｏｖｅｒｎｍｅｎｔ               ｉｎｉｔｉａｔｉｖｅｓ.

Ｉｎ               ｔｈｅ               ｍｉｄ-1980ｓ,               ｈｏｗｅｖｅｒ,               ｏｕｔｐｕｔ               ｉｎ               ｔｈｅ               ｍｅｔａｌｌｉｃ               ｓｅｃｔｏｒ               ｅｎｔｅｒｅｄ               ａｎ               ｏｖｅｒａｌｌ               ｄｅｃｌｉｎｅ               ａｓ               ｗｏｒｌｄ               ｐｒｉｃｅｓ               ｆｏｒ               ｍｅｔａｌｓ               ｗｅａｋｅｎｅｄ.

Ｔｈｅ               ｎｏｎｍｅｔａｌｌｉｃ               ｓｅｃｔｏｒ,               ｍｅａｎｗｈｉｌｅ,               ｗａｓ               ｓｔｉｍｕｌａｔｅｄ               ｂｙ               ａ               ｒｉｓｉｎｇ               ｄｏｍｅｓｔｉｃ               ｄｅｍａｎｄ               ｆｏｒ               ｃｏａｌ.

Ｔｈｅ               ｃｏｕｎｔｒｙ'ｓ               ｐｌｅｎｔｉｆｕｌ               ｃｏａｌ               ｄｅｐｏｓｉｔｓ               ｗｅｒｅ               ｅｘｐｌｏｒｅｄ               ａｓ               ａｎ               ａｌｔｅｒｎａｔｉｖｅ               ｔｏ               ｃｏｓｔｌｙ               ｐｅｔｒｏｌｅｕｍ               ｉｍｐｏｒｔｓ,               ａｎｄ               ｔｈｅ               ｍｉｎｉｎｇ               ｏｆ               ｃｏａｌ               ｉｎｃｒｅａｓｅｄ               ｓｕｂｓｔａｎｔｉａｌｌｙ               ａｆｔｅｒ               1979.

Ｉｎ               2001               ｔｈｅ               Ｐｈｉｌｉｐｐｉｎｅｓ               ｐｒｏｄｕｃｅｄ               1.35               ｍｉｌｌｉｏｎ               ｍｅｔｒｉｃ               ｔｏｎｓ               ｏｆ               ｃｏａｌ.
               
               Ｉｎ               2002               ａｇｒｉｃｕｌｔｕｒｅ,               ｆｏｒｅｓｔｒｙ,               ａｎｄ               ｆｉｓｈｉｎｇ               ｃｏｎｔｒｉｂｕｔｅｄ               15               ｐｅｒｃｅｎｔ               ｏｆ               ｔｈｅ               ＧＤＰ.

Ａｂｏｕｔ               19               ｐｅｒｃｅｎｔ               ｏｆ               ｔｈｅ               ｔｏｔａｌ               ｌａｎｄ               ａｒｅａ               ｏｆ               ｔｈｅ               Ｐｈｉｌｉｐｐｉｎｅｓ               ｉｓ               ａｒａｂｌｅ,               ｏｒ               ｓｕｉｔａｂｌｅ               ｆｏｒ               ｃｕｌｔｉｖａｔｉｏｎ.

Ｔｈｅ               ｍｏｓｔ               ｉｍｐｏｒｔａｎｔ               ｓｕｂｓｉｓｔｅｎｃｅ               ｃｒｏｐｓ               ａｒｅ               ｒｉｃｅ,               ｃｏｒｎ,               ｃａｓｓａｖａ,               ａｎｄ               ｓｗｅｅｔ               ｐｏｔａｔｏｅｓ.

Ｒｉｃｅ               ｐａｄｄｉｅｓ               ａｎｄ               ｃｏｒｎｆｉｅｌｄｓ               ｏｃｃｕｐｙ               ａｂｏｕｔ               ｈａｌｆ               ｏｆ               ｔｈｅ               ａｒａｂｌｅ               ｌａｎｄ               ｏｆ               ｔｈｅ               Ｐｈｉｌｉｐｐｉｎｅｓ.

Ｃｏｃｏｎｕｔｓ               ａｒｅ               ｏｎｅ               ｏｆ               ｔｈｅ               ｍｏｓｔ               ｉｍｐｏｒｔａｎｔ               ｃａｓｈ               ｃｒｏｐｓ,               ａｎｄ               ｔｈｅ               Ｐｈｉｌｉｐｐｉｎｅｓ               ｉｓ               ｏｎｅ               ｏｆ               ｔｈｅ               ｗｏｒｌｄ'ｓ               ｌｅａｄｉｎｇ               ｅｘｐｏｒｔｅｒｓ               ｏｆ               ｃｏｃｏｎｕｔ               ｐｒｏｄｕｃｔｓ,               ｉｎｃｌｕｄｉｎｇ               ｃｏｃｏｎｕｔ               ｏｉｌ               ａｎｄ               ｃｏｐｒａ               (ｄｒｉｅｄ               ｃｏｃｏｎｕｔ).

Ｂａｎａｎａｓ               ａｎｄ               ｐｉｎｅａｐｐｌｅｓ               ａｒｅ               ａｌｓｏ               ｉｍｐｏｒｔａｎｔ               ｃｏｍｍｅｒｃｉａｌ               ｃｒｏｐｓ,               ｂｏｔｈ               ｏｆ               ｗｈｉｃｈ               ａｒｅ               ｇｒｏｗｎ               ｏｎ               ｌａｒｇｅ               ｐｌａｎｔａｔｉｏｎｓ               ｏｗｎｅｄ               ｂｙ               ｍｕｌｔｉｎａｔｉｏｎａｌ               ｃｏｍｐａｎｉｅｓ.

Ｏｔｈｅｒ               ｃｒｏｐｓ               ｉｎｃｌｕｄｅ               ｓｕｇａｒｃａｎｅ,               ａｂａｃａ               (Ｍａｎｉｌａ               ｈｅｍｐ),               ｃｏｆｆｅｅ,               ｔｏｂａｃｃｏ,               ａｎｄ               ｍａｎｇｏｅｓ.

Ｌｉｖｅｓｔｏｃｋ               ｏｎ               ｆａｒｍｓ               ｉｎｃｌｕｄｅ               ｃａｒｉｂｏｕ               (ｗａｔｅｒ               ｂｕｆｆａｌｏ),               ｃａｔｔｌｅ,               ｃｈｉｃｋｅｎｓ,               ｇｏａｔｓ,               ｈｏｒｓｅｓ,               ａｎｄ               ｈｏｇｓ.

Ｍａｎｙ               ｆａｒｍｅｒｓ               ａｒｅ               ｔｅｎａｎｔｓ,               ｗｈｏ               ｒｅｎｔ               ｔｈｅ               ｌａｎｄ               ａｎｄ               ｐａｙ               ｔｈｅ               ｌａｎｄｏｗｎｅｒ               ａ               ｓｈａｒｅ               ｏｆ               ｔｈｅ               ｃｒｏｐ.

Ｏｔｈｅｒ               ｆａｒｍ               ｗｏｒｋｅｒｓ               ｉｎｃｌｕｄｅ               ｓｅａｓｏｎａｌ               ｍｉｇｒａｎｔ               ｌａｂｏｒｅｒｓ.
               Ｓｕｇａｒ               ｗａｓ               ｔｈｅ               ｍｏｓｔ               ｉｍｐｏｒｔａｎｔ               ａｇｒｉｃｕｌｔｕｒａｌ               ｅｘｐｏｒｔ               ｏｆ               ｔｈｅ               Ｐｈｉｌｉｐｐｉｎｅｓ               ｆｒｏｍ               ｔｈｅ               ｍｉｄ-1800ｓ               ｔｏ               ｔｈｅ               ｍｉｄ-1970ｓ.

Ｍｕｃｈ               ｏｆ               ｔｈｅ               ｍｏｄｅｒｎｉｚａｔｉｏｎ               ｏｆ               ｔｈｅ               ｃｏｕｎｔｒｙ               ｔｏｏｋ               ｐｌａｃｅ               ｔｏ               ｆａｃｉｌｉｔａｔｅ               ｔｈｅ               ｐｒｏｃｅｓｓｉｎｇ               ａｎｄ               ｔｒａｎｓｐｏｒｔ               ｏｆ               ｔｈｉｓ               ｅｘｐｏｒｔ               ｃｒｏｐ.

Ｆｏｒ               ｍａｎｙ               ｙｅａｒｓ,               ｔｈｅ               Ｐｈｉｌｉｐｐｉｎｅｓ               ｈａｄ               ａｃｃｅｓｓ               ｔｏ               ａ               ｐｒｏｔｅｃｔｅｄ               ａｎｄ               ｓｕｂｓｉｄｉｚｅｄ               Ｕ.Ｓ.

ｍａｒｋｅｔ               ｆｏｒ               ｉｔｓ               ｓｕｇａｒ.

Ｔｈｅ               ｄｅｃｌｉｎｅ               ｏｆ               ｔｈｅ               ｓｕｇａｒ               ｉｎｄｕｓｔｒｙ               ｉｎｖｏｌｖｅｄ               ｍａｎｙ               ｆａｃｔｏｒｓ,               ｉｎｃｌｕｄｉｎｇ               ｔｈｅ               ｅｘｐｉｒａｔｉｏｎ               ｏｆ               ａ               Ｕ.Ｓ.

ｑｕｏｔａ               ｓｙｓｔｅｍ               ｏｎ               ｓｕｇａｒ               ｉｍｐｏｒｔｓ               ｉｎ               1974               ｆｏｌｌｏｗｅｄ               ｂｙ               ａ               ｓｈａｒｐ               ｄｅｃｌｉｎｅ               ｉｎ               ｗｏｒｌｄ               ｓｕｇａｒ               ｐｒｉｃｅｓ.
               
               Ｈａｒｄｗｏｏｄ               ｔｒｅｅｓ               ｓｕｃｈ               ａｓ               ｍａｈｏｇａｎｙ               ｗｅｒｅ               ｏｎｃｅ               ｏｎｅ               ｏｆ               ｔｈｅ               ｃｏｕｎｔｒｙ'ｓ               ｍｏｓｔ               ｖａｌｕａｂｌｅ               ｒｅｓｏｕｒｃｅｓ,               ｂｕｔ               ｎｏｗ               ｔｈｉｓ               ｒｅｓｏｕｒｃｅ               ｉｓ               ｓｅｖｅｒｅｌｙ               ｄｅｐｌｅｔｅｄ.

Ｔｈｅ               ｇｏｖｅｒｎｍｅｎｔ               ｂａｎｎｅｄ               ｔｈｅ               ｅｘｐｏｒｔ               ｏｆ               ｕｎｐｒｏｃｅｓｓｅｄ               ｈａｒｄｗｏｏｄ               ｌｏｇｓ               ｉｎ               1986               ｉｎ               ａｎ               ｅｆｆｏｒｔ               ｔｏ               ｓｔｉｍｕｌａｔｅ               ｄｏｍｅｓｔｉｃ               ｐｒｏｃｅｓｓｉｎｇ               ｏｆ               ｒａｗ               ｌｕｍｂｅｒ               ｉｎｔｏ               ｆｉｎｉｓｈｅｄ               ｐｒｏｄｕｃｔｓ.

Ｉｎｉｔｉａｌｌｙ               ｔｈｉｓ               ｐｏｌｉｃｙ               ｗａｓ               ｓｕｃｃｅｓｓｆｕｌ,               ａｎｄ               ｐｒｏｄｕｃｔｓ               ｓｕｃｈ               ａｓ               ｗｏｏｄ               ｖｅｎｅｅｒ               ｂｅｃａｍｅ               ｉｍｐｏｒｔａｎｔ               ｅｘｐｏｒｔｓ.

Ｈｏｗｅｖｅｒ,               ｉｌｌｅｇａｌ               ｌｏｇｇｉｎｇ               ａｎｄ               ｕｎｓｕｃｃｅｓｓｆｕｌ               ｒｅｆｏｒｅｓｔａｔｉｏｎ               ｐｒｏｇｒａｍｓ               ｄｅｐｌｅｔｅｄ               ｔｈｅ               ｈａｒｄｗｏｏｄ               ｆｏｒｅｓｔｓ,               ａｎｄ               ｏｕｔｐｕｔ               ｆｒｏｍ               ｌｕｍｂｅｒ-ｐｒｏｃｅｓｓｉｎｇ               ｉｎｄｕｓｔｒｉｅｓ               ｄｅｃｌｉｎｅｄ.

Ｏｔｈｅｒ               ｆｏｒｅｓｔｒｙ               ｉｎｄｕｓｔｒｉｅｓ               ｒｅｍａｉｎ               ｖｉａｂｌｅ               ｂｅｃａｕｓｅ               ｔｈｅｉｒ               ｐｒｏｄｕｃｔｓ               ａｒｅ               ｂａｓｅｄ               ｏｎ               ｍｏｒｅ               ｅａｓｉｌｙ               ｒｅｎｅｗａｂｌｅ               ｓｏｕｒｃｅｓ               ｔｈａｎ               ｈａｒｄｗｏｏｄ,               ｓｕｃｈ               ａｓ               ｂａｍｂｏｏ,               ｒａｔｔａｎ,               ａｎｄ               ｔｈｅ               ｃｅｉｂａ               (ｋａｐｏｋ)               ｔｒｅｅ.

Ｂａｍｂｏｏ               ａｎｄ               ｒａｔｔａｎ               ａｒｅ               ｕｓｅｄ               ｉｎ               ｍａｋｉｎｇ               ｆｕｒｎｉｔｕｒｅ,               ｂａｓｋｅｔｓ,               ｆｌｏｏｒ               ｍａｔｓ,               ａｎｄ               ｏｔｈｅｒ               ｈｏｕｓｅｈｏｌｄ               ｇｏｏｄｓ.

Ｔｈｅ               ｃｅｉｂａ               ｔｒｅｅ,               ａｌｓｏ               ｋｎｏｗｎ               ａｓ               ｔｈｅ               ｓｉｌｋ-ｃｏｔｔｏｎ               ｔｒｅｅ,               ｉｓ               ｃｕｌｔｉｖａｔｅｄ               ａｎｄ               ｈａｒｖｅｓｔｅｄ               ｆｏｒ               ｉｔｓ               ｆｉｂｅｒ,               ｗｈｉｃｈ               ｉｓ               ｕｓｅｄ               ｉｎ               ｔｈｅ               ｍａｎｕｆａｃｔｕｒｅ               ｏｆ               ｆｉｎｉｓｈｅｄ               ｇｏｏｄｓ               ｓｕｃｈ               ａｓ               ｉｎｓｕｌａｔｉｏｎ               ａｎｄ               ｕｐｈｏｌｓｔｅｒｙ.
               Ｔｈｅ               Ｐｈｉｌｉｐｐｉｎｅｓ               ｃｏｕｌｄ               ｆａｃｅ               ｈｉｇｈｅｒ               ｏｉｌ               ｐｒｉｃｅｓ,               ｈｉｇｈｅｒ               ｉｎｔｅｒｅｓｔ               ｒａｔｅｓ               ｏｎ               ｉｔｓ               ｄｏｌｌａｒ               ｂｏｒｒｏｗｉｎｇｓ,               ａｎｄ               ｈｉｇｈｅｒ               ｉｎｆｌａｔｉｏｎ.

Ｆｉｓｃａｌ               ｃｏｎｓｔｒａｉｎｔｓ               ｌｉｍｉｔ               Ｍａｎｉｌａ'ｓ               ａｂｉｌｉｔｙ               ｔｏ               ｆｉｎａｎｃｅ               ｉｎｆｒａｓｔｒｕｃｔｕｒｅ               ａｎｄ               ｓｏｃｉａｌ               ｓｐｅｎｄｉｎｇ.

Ｔｈｅ               Ｐｈｉｌｉｐｐｉｎｅｓ'               ｃｏｎｓｉｓｔｅｎｔｌｙ               ｌａｒｇｅ               ｂｕｄｇｅｔ               ｄｅｆｉｃｉｔ               ｈａｓ               ｐｒｏｄｕｃｅｄ               ａ               ｈｉｇｈ               ｄｅｂｔ               ｌｅｖｅｌ               ａｎｄ               ｈａｓ               ｆｏｒｃｅｄ               Ｍａｎｉｌａ               ｔｏ               ｓｐｅｎｄ               ａ               ｌａｒｇｅ               ｐｏｒｔｉｏｎ               ｏｆ               ｔｈｅ               ｎａｔｉｏｎａｌ               ｇｏｖｅｒｎｍｅｎｔ               ｂｕｄｇｅｔ               ｏｎ               ｄｅｂｔ               ｓｅｒｖｉｃｅ.

Ｌａｒｇｅ,               ｕｎｐｒｏｆｉｔａｂｌｅ               ｐｕｂｌｉｃ               ｅｎｔｅｒｐｒｉｓｅｓ,               ｅｓｐｅｃｉａｌｌｙ               ｉｎ               ｔｈｅ               ｅｎｅｒｇｙ               ｓｅｃｔｏｒ,               ｃｏｎｔｒｉｂｕｔｅ               ｔｏ               ｔｈｅ               ｇｏｖｅｒｎｍｅｎｔ'ｓ               ｄｅｂｔ               ｂｅｃａｕｓｅ               ｏｆ               ｓｌｏｗ               ｐｒｏｇｒｅｓｓ               ｏｎ               ｐｒｉｖａｔｉｚａｔｉｏｎ.

Ｃｒｅｄｉｔ               ｒａｔｉｎｇ               ａｇｅｎｃｉｅｓ               ａｒｅ               ｉｎｃｒｅａｓｉｎｇｌｙ               ｃｏｎｃｅｒｎｅｄ               ａｂｏｕｔ               ｔｈｅ               Ｐｈｉｌｉｐｐｉｎｅｓ'               ａｂｉｌｉｔｙ               ｔｏ               ｓｕｓｔａｉｎ               ｔｈｅ               ｄｅｂｔ;               ｌｅｇｉｓｌａｔｉｖｅ               ｐｒｏｇｒｅｓｓ               ｏｎ               ｎｅｗ               ｒｅｖｅｎｕｅ               ｍｅａｓｕｒｅｓ               ｗｉｌｌ               ｗｅｉｇｈ               ｈｅａｖｉｌｙ               ｏｎ               ｃｒｅｄｉｔ               ｒａｔｉｎｇ               ｄｅｃｉｓｉｏｎｓ.
               Ａ               ｍａｊｏｒ               ｃｈａｌｌｅｎｇｅ               ｔｏ               ｔｈｅ               ｅｃｏｎｏｍｙ               ｉｓ               ｔｈａｔ               ｔｈｅ               Ｐｈｉｌｉｐｐｉｎｅｓ               ｕｎｅｍｐｌｏｙｍｅｎｔ               ｒａｔｅ,               ｏｎｅ               ｏｆ               ｔｈｅ               ｈｉｇｈｅｓｔ               ａｍｏｎｇ               Ａｓｓｏｃｉａｔｉｏｎ               ｏｆ               Ｓｏｕｔｈｅａｓｔ               Ａｓｉａｎ               Ｎａｔｉｏｎ               (ＡＳＥＡＮ)               ｃｏｕｎｔｒｉｅｓ,               ａｖｅｒａｇｅｄ               11.8%               ｉｎ               2004.

Ｇｏｖｅｒｎｍｅｎｔ               ｐｌａｎｓ               ｔｏ               ｇｅｎｅｒａｔｅ               ａｒｏｕｎｄ               1.5               ｍｉｌｌｉｏｎ               ｊｏｂｓ               ａ               ｙｅａｒ               ｉｎ               ｔｈｅ               ｎｅｘｔ               ｓｉｘ               ｙｅａｒｓ,               ｉｆ               ａｃｈｉｅｖｅｄ,               ｓｔｉｌｌ               ｍａｙ               ｎｏｔ               ｍａｋｅ               ｍｕｃｈ               ｏｆ               ａ               ｄｅｎｔ               ｉｎ               ｕｎｅｍｐｌｏｙｍｅｎｔ.

ＡＤＯ               ｐｏｉｎｔｓ               ｏｕｔ               ｔｈａｔ               ｔｈｅ               ｅｃｏｎｏｍｙ               ｎｅｅｄｓ               ｔｏ               ｃｒｅａｔｅ               ａｂｏｕｔ               1               ｍｉｌｌｉｏｎ               ｊｏｂｓ               ａ               ｙｅａｒ               ｊｕｓｔ               ｔｏ               ａｂｓｏｒｂ               ｎｅｗ               ｅｎｔｒａｎｔｓ               ｉｎｔｏ               ｔｈｅ               ｗｏｒｋｆｏｒｃｅ.
               
               Ｉｎ               2002               ｔｈｅ               ｌａｂｏｒ               ｆｏｒｃｅ               ｏｆ               ｔｈｅ               Ｐｈｉｌｉｐｐｉｎｅｓ               ｎｕｍｂｅｒｅｄ               34.2               ｍｉｌｌｉｏｎ               ｐｅｏｐｌｅ.

Ａｇｒｉｃｕｌｔｕｒｅ,               ｆｏｒｅｓｔｒｙ,               ａｎｄ               ｆｉｓｈｉｎｇ               ｅｍｐｌｏｙｅｄ               37               ｐｅｒｃｅｎｔ               ｏｆ               ｔｈｅ               ｌａｂｏｒ               ｆｏｒｃｅ;               ｍａｎｕｆａｃｔｕｒｉｎｇ,               ｃｏｎｓｔｒｕｃｔｉｏｎ,               ａｎｄ               ｍｉｎｉｎｇ,               16               ｐｅｒｃｅｎｔ;               ａｎｄ               ｓｅｒｖｉｃｅｓ,               47               ｐｅｒｃｅｎｔ.

Ｔｈｅ               ｕｎｅｍｐｌｏｙｍｅｎｔ               ｒａｔｅ               ｗａｓ               9.8               ｐｅｒｃｅｎｔ               ｉｎ               2001.
               Ｅｍｐｌｏｙｍｅｎｔ               ｏｐｐｏｒｔｕｎｉｔｉｅｓ               ａｓｓｏｃｉａｔｅｄ               ｗｉｔｈ               ｔｈｅ               ｍｏｄｅｒｎ               ｅｃｏｎｏｍｙ,               ｍｏｓｔｌｙ               ｓｅｒｖｉｃｅｓ               ａｎｄ               ｍａｎｕｆａｃｔｕｒｉｎｇ,               ａｒｅ               ｃｏｎｃｅｎｔｒａｔｅｄ               ｉｎ               ａ               ｆｅｗ               ｕｒｂａｎ               ｃｅｎｔｅｒｓ,               ｅｓｐｅｃｉａｌｌｙ               ｔｈｅ               Ｍａｎｉｌａ               ｍｅｔｒｏｐｏｌｉｔａｎ               ａｒｅａ.

Ｔｈｅ               ｃｏｕｎｔｒｙ'ｓ               ｈｉｇｈ               ｒａｔｅ               ｏｆ               ｐｏｐｕｌａｔｉｏｎ               ｇｒｏｗｔｈ               ｒｅｓｕｌｔｓ               ｉｎ               ｌａｒｇｅ               ａｄｄｉｔｉｏｎｓ               ｔｏ               ｔｈｅ               ｌａｂｏｒ               ｆｏｒｃｅ               ｅａｃｈ               ｙｅａｒ               ｉｎ               ａｎ               ｅｃｏｎｏｍｙ               ｗｉｔｈ               ａ               ｈｉｇｈ               ｒａｔｅ               ｏｆ               ｕｎｅｍｐｌｏｙｍｅｎｔ               ａｎｄ               ｅｖｅｎ               ｈｉｇｈｅｒ               ｕｎｄｅｒｅｍｐｌｏｙｍｅｎｔ.

Ｔｈｅ               ｓｈｏｒｔａｇｅ               ｏｆ               ｅｍｐｌｏｙｍｅｎｔ               ｏｐｐｏｒｔｕｎｉｔｉｅｓ               ｈａｓ               ｒｅｓｕｌｔｅｄ               ｉｎ               ｌａｒｇｅ-ｓｃａｌｅ               ｍｉｇｒａｔｉｏｎｓ               ｏｆ               Ｆｉｌｉｐｉｎｏ               ｗｏｒｋｅｒｓ,               ｂｏｔｈ               ｓｏｐｈｉｓｔｉｃａｔｅｄ               ｐｒｏｆｅｓｓｉｏｎａｌｓ               ａｎｄ               ｕｎｓｋｉｌｌｅｄ               ｗｏｒｋｅｒｓ,               ｔｏ               ｃｏｕｎｔｒｉｅｓ               ｓｕｃｈ               ａｓ               ｔｈｅ               Ｕｎｉｔｅｄ               Ｓｔａｔｅｓ               ａｎｄ               Ｍａｌａｙｓｉａ.

Ａｐｐｒｏｘｉｍａｔｅｌｙ               6               ｍｉｌｌｉｏｎ               Ｆｉｌｉｐｉｎｏｓ               ｗｏｒｋ               ａｂｒｏａｄ.

Ｍａｎｙ               ｏｆ               ｔｈｅｍ               ｓｅｎｄ               ａ               ｐｏｒｔｉｏｎ               ｏｆ               ｔｈｅｉｒ               ｅａｒｎｉｎｇｓ               ｔｏ               ｒｅｌａｔｉｖｅｓ               ｉｎ               ｔｈｅ               Ｐｈｉｌｉｐｐｉｎｅｓ,               ｉｎｆｕｓｉｎｇ               ｔｈｅ               ｅｃｏｎｏｍｙ               ｗｉｔｈ               ａ               ｓｉｇｎｉｆｉｃａｎｔ               ｓｏｕｒｃｅ               ｏｆ               ｆｏｒｅｉｇｎ               ｅｘｃｈａｎｇｅ
               Ｍｅｒｃｈａｎｄｉｓｅ               ｅｘｐｏｒｔ               ｇｒｏｗｔｈ               ｉｓ               ｐｒｏｊｅｃｔｅｄ               ｔｏ               ｄｅｃｌｉｎｅ               ｔｏ               7.0-8.0%,               ａｓ               ｔｈｅ               ｇｌｏｂａｌ               ｅｃｏｎｏｍｙ               ｓｌｏｗｓ               ａｎｄ               ｉｎｔｅｒｎａｔｉｏｎａｌ               ｃｏｍｐｅｔｉｔｉｏｎ               ｉｎｔｅｎｓｉｆｉｅｓ.

Ｇｒｏｗｔｈ               ｉｎ               ｍｅｒｃｈａｎｄｉｓｅ               ｉｍｐｏｒｔｓ               ｉｓ               ｅｘｐｅｃｔｅｄ               ｔｏ               ｄｅｃｅｌｅｒａｔｅ               ｆｒｏｍ               10.6%               ｌａｓｔ               ｙｅａｒ               ｔｏ               ａｒｏｕｎｄ               5.5-6.5%               ｄｕｒｉｎｇ               ｔｈｅ               ｆｏｒｅｃａｓｔ               ｐｅｒｉｏｄ.
               Ｉｎｄｕｓｔｒｉａｌ               ｇｒｏｗｔｈ               ｗｉｌｌ               ｔａｐｅｒ               ｔｏ               ａｒｏｕｎｄ               4.0%               ｄｕｒｉｎｇ               ｔｈｅ               ｐｅｒｉｏｄ,               ｄｏｗｎ               ｆｒｏｍ               5.3%               ｉｎ               2004,               ｄｕｅ               ｔｏ               ｕｎｃｅｒｔａｉｎｔｉｅｓ               ｉｎ               ｇｌｏｂａｌ               ｍａｒｋｅｔｓ.

Ｔｈｅ               ｆｉｓｃａｌ               ｄｅｆｉｃｉｔ               ｉｓ               ｅｘｐｅｃｔｅｄ               ｔｏ               ｎａｒｒｏｗ               ｔｏ               3.6%               ｏｆ               ＧＤＰ               ｉｎ               2005,               3.2%               ｉｎ               2006,               ａｎｄ               2.8%               ｉｎ               2007,               ｆｒｏｍ               3.8%               ｉｎ               2004,               ｏｎｃｅ               ｍｏｒｅ               ｔａｘ               ｍｅａｓｕｒｅｓ               ａｒｅ               ａｐｐｒｏｖｅｄ.

Ｕｎｄｅｒｐｉｎｎｉｎｇ               ｔｈｅ               ｆｉｓｃａｌ               ｐｒｏｇｒａｍ               ａｒｅ               ｍｅａｓｕｒｅｓ               ｔｏ               ｂｏｏｓｔ               ｔｈｅ               ｒｅｖｅｎｕｅ-ｔｏ-ＧＤＰ               ｒａｔｉｏ               ｔｏ               18%               ｉｎ               2010,               ｍａｉｎｌｙ               ｆｒｏｍ               ｈｉｇｈｅｒ               ｒｅｖｅｎｕｅ               ｃｏｌｌｅｃｔｉｏｎ               ｅｆｆｉｃｉｅｎｃｙ.
               Ｔｈｅ               ｆｉｓｃａｌ               ｄｅｆｉｃｉｔ               ｉｓ               ｅｘｐｅｃｔｅｄ               ｔｏ               ｎａｒｒｏｗ               ｔｏ               3.6%               ｏｆ               ＧＤＰ               ｉｎ               2005,               3.2%               ｉｎ               2006,               ａｎｄ               2.8%               ｉｎ               2007,               ｆｒｏｍ               3.8%               ｉｎ               2004,               ｏｎｃｅ               ｍｏｒｅ               ｔａｘ               ｍｅａｓｕｒｅｓ               ａｒｅ               ａｐｐｒｏｖｅｄ.

Ｕｎｄｅｒｐｉｎｎｉｎｇ               ｔｈｅ               ｆｉｓｃａｌ               ｐｒｏｇｒａｍ               ａｒｅ               ｍｅａｓｕｒｅｓ               ｔｏ               ｂｏｏｓｔ               ｔｈｅ               ｒｅｖｅｎｕｅ-ｔｏ-ＧＤＰ               ｒａｔｉｏ               ｔｏ               18%               ｉｎ               2010,               ｍａｉｎｌｙ               ｆｒｏｍ               ｈｉｇｈｅｒ               ｒｅｖｅｎｕｅ               ｃｏｌｌｅｃｔｉｏｎ               ｅｆｆｉｃｉｅｎｃｙ.
               ｔｈｅ               ｃｏｕｎｔｒｙ'ｓ               ｈｉｇｈ               ｄｅｂｔ               ｉｎｔｅｒｅｓｔ               ｐａｙｍｅｎｔｓ,               ｗｈｉｃｈ               ｅｓｃａｌａｔｅｄ               ｆｒｏｍ               19.5%               ｏｆ               ｔｏｔａｌ               ｐｕｂｌｉｃ               ｅｘｐｅｎｄｉｔｕｒｅｓ               ｉｎ               1998               ｔｏ               29.5%               ｉｎ               2004,               ａｒｅ               ｃｒｏｗｄｉｎｇ               ｏｕｔ               ｔｈｅ               ｐｒｏｄｕｃｔｉｖｅ               ｐｏｒｔｉｏｎ               ｏｆ               ｔｈｅ               ｎａｔｉｏｎａｌ               ｂｕｄｇｅｔ.

Ｌｅｆｔ               ｕｎｃｈｅｃｋｅｄ,               ｔｈｅ               Ｇｏｖｅｒｎｍｅｎｔ               ｗｉｌｌ               ｅｘｐｅｒｉｅｎｃｅ               ｌｏｗｅｒ               ｅｘｐｅｎｄｉｔｕｒｅｓ,               ｆｕｒｔｈｅｒ               ｃｒｅｄｉｔ-ｒａｔｉｎｇ               ｄｅｔｅｒｉｏｒａｔｉｏｎ,               ａｎｄ               ｄｅｃｌｉｎｉｎｇ               ｐｕｂｌｉｃ               ｓｅｒｖｉｃｅｓ.

Ａｎ               ｉｎｃｒｅａｓｉｎｇ               ｄｅｂｔ               ｓｔｏｃｋ               ｃｏｕｌｄ               ａｌｓｏ               ｔｒｉｇｇｅｒ               ａ               ｓｉｇｎｉｆｉｃａｎｔ               ｄｅｐｒｅｃｉａｔｉｏｎ               ｏｆ               ｔｈｅ               ｐｅｓｏ.
               Ｉｎ               ｔｈｅ               ｐａｓｔ               ｔｗｏ               ｔｏ               ｔｈｒｅｅ               ｄｅｃａｄｅｓ               ｔｈｅ               ｅｃｏｎｏｍｙ               ｏｆ               ｔｈｅ               Ｐｈｉｌｉｐｐｉｎｅｓ               ｈａｓ               ｂｅｅｎ               ｌａｇｇｉｎｇ               ｉｎ               ｃｏｍｐａｒｉｓｏｎ               ｔｏ               ｉｔｓ               ｎｅｉｇｈｂｏｒｉｎｇ               ｃｏｕｎｔｒｉｅｓ               ｉｎ               ｔｈｅ               Ｅａｓｔ.

Ｈｏｗｅｖｅｒ               ｂｅｃａｕｓｅ               ｏｆ               ｔｈｅ               ｄｅｖｅｌｏｐｍｅｎｔ               ｐｒｏｊｅｃｔ               ａｎｄ               ｅｆｆｏｒｔｓ               ｔｏ               ｍａｋｅ               ｔｈｅ               Ｐｈｉｌｉｐｐｉｎｅｓ               ｍｏｒｅ               ｃｏｍｐｅｔｉｔｉｖｅ               ｉｎ               ｔｈｅ               ｇｌｏｂａｌ               ａｒｅｎａ,               ｉｔｓ               Ｉｎｔｅｒｎａｔｉｏｎａｌ               Ｔｒａｄｅ,               Ａｉｄ               ａｎｄ               Ｂａｎｋｉｎｇ               ｓｙｓｔｅｍ               ｈａｓ               ｇｏｎｅ               ｔｈｒｏｕｇｈ               ｄｒａｍａｔｉｃ               ｃｈａｎｇｅｓ               ｉｎ               ｈｏｐｅ               ｔｈａｔ               ｉｔ               ｗｉｌｌ               ｈｅｌｐ               ｔｈｅ               ｅｃｏｎｏｍｙ               ｏｆ               ｔｈｅ               ｃｏｕｎｔｒｙ               ｓｕｓｔａｉｎ               ａ               ｙｅａｒｌｙ               ｅｃｏｎｏｍｉｃ               ｇｒｏｗｔｈ.

Ｈｉｓｔｏｒｉｃａｌｌｙ               ｔｈｅ               Ｐｈｉｌｉｐｐｉｎｅ               ｈａｓ               ａｌｗａｙｓ               ｂｅｅｎ               ｏｎｅ               ｏｆ               ｔｈｅ               ｃｏｕｎｔｒｉｅｓ               ｉｎ               ｔｈｅ               Ｅａｓｔ               Ａｓｉａ               ｔｈａｔ'ｓ               ｂｅｅｎ               ｐａｉｄ               ａｔｔｅｎｔｉｏｎ               ｔｏｏ               ｄｕｅ               ｔｏ               ｉｔｓ               ｐｏｔｅｎｔｉａｌ               ｉｎ               ｅｃｏｎｏｍｉｃ               ｇｒｏｗｔｈ               ａｎｄ               ｎａｔｕｒａｌ               ｒｅｓｏｕｒｃｅｓ.

Ｔｈｅ               ｕｎｓｔａｂｌｅ               ｇｏｖｅｒｎａｎｃｅ               ｏｆ               ｔｈｅ               ｃｏｕｎｔｒｙ               ｈｏｗｅｖｅｒ               ｈａｓ               ｉｍｐｏｓｅｄ               ａ               ｇｒｅａｔ               ｈａｌｔ               ｉｎ               ｔｈｅ               ｅｃｏｎｏｍｉｃ               ｇｒｏｗｔｈ               ｏｆ               ｔｈｅ               Ｐｈｉｌｉｐｐｉｎｅｓ.

Ｒｅｆｏｒｍｓ               ａｎｄ               ｃｈａｎｇｅｓ               ｉｎ               ｔｈｅ               ｓｔｒｕｃｔｕｒｅｓ               ｏｆ               ｔｈｅ               ｅｃｏｎｏｍｙ               ｔｈｒｏｕｇｈ               ｆｏｒｅｉｇｎ               ｔｒａｄｅ,               ａｉｄ               ａｎｄ               ｂａｎｋｉｎｇ               ｈｏｗｅｖｅｒ               ｈａｓ               ｈｅｌｐｅｄ               ｔｈｅ               ｅｃｏｎｏｍｙ               ｔｏ               ｓｍｏｏｔｈ               ｏｕｔ               ｔｈｅ               ｉｍｂａｌａｎｃｅｓ               ｉｎ               ｔｈｅ               ｃｏｕｎｔｒｙ.
               Ｔｈｅ               Ｐｈｉｌｉｐｐｉｎｅｓ               ｒｅｃｅｉｖｅｓ               ａｎ               ａｍｐｌｅ               ａｍｏｕｎｔ               ｏｆ               ｆｏｒｅｉｇｎ               ａｉｄ               ｆｒｏｍ               ｔｈｅ               Ｉｎｔｅｒｎａｔｉｏｎａｌ               Ｍｏｎｅｔａｒｙ               Ｆｕｎｄｓ               (ＩＭＦ),               Ｗｏｒｌｄ               Ｂａｎｋ,               ＵＳＡＩＤ,               ａｎｄ               ｏｔｈｅｒ               ｂｉｌａｔｅｒａｌ               ｏｒｇａｎｉｚａｔｉｏｎｓ.

Ｔｈｅ               Ｐｈｉｌｉｐｐｉｎｅ               Ｂａｎｋｉｎｇ               Ｓｙｓｔｅｍ               ｈａｓ               ｂｅｅｎ               ｃｏｎｔｉｎｕａｌｌｙ               ｐｒｏｍｏｔｅｄ               ａｎｄ               ｉｍｐｒｏｖｅｄ               ｔｈｒｏｕｇｈ               ｆｉｎａｎｃｉａｌ               ｒｅｆｏｒｍｓ,               ｐｏｌｉｃｉｅｓ               ａｎｄ               ｓｔｒｕｃｔｕｒｅｓ.

Ｔｈｅ               ｎｕｍｅｒｏｕｓ               ｃｈａｎｇｅｓ               ｉｎ               ｔｈｅ               ｆｉｎａｎｃｉａｌ               ｓｅｃｔｏｒ               ｏｆ               ｔｈｅ               Ｐｈｉｌｉｐｐｉｎｅｓ               ａｓ               ｗｅｌｌ               ａｓ               ｔｈｅ               ａｉｄ               ａｎｄ               ｔｒａｄｅ               ｉｎ               ｔｈｅ               ｉｎｔｅｒｎａｔｉｏｎａｌ               ａｒｅｎａ               ａｌｌ               ｉｓ               ａ               ｒｅｓｕｌｔ               ｏｆ               ｔｈｅ               ｅｆｆｏｒｔｓ               ｔｏ               ｍａｋｅ               ｔｈｅ               ｅｃｏｎｏｍｙ               ｏｆ               ｔｈｅ               Ｐｈｉｌｉｐｐｉｎｅｓ               ｍｏｒｅ               ｃｏｍｐｅｔｉｔｉｖｅ               ｌｉｋｅ               ｉｔｓ               ｎｅｉｇｈｂｏｒｉｎｇ               ｃｏｕｎｔｒｉｅｓ.
               
               Ｐｈｉｌｉｐｐｉｎｅ               ｄｅｖｅｌｏｐｍｅｎｔ               ｏｖｅｒ               ｔｈｅ               ｐａｓｔ               ｔｗｏ               ｄｅｃａｄｅｓ               ｉｓ               ｃｈａｒａｃｔｅｒｉｚｅｄ               ｂｙ               ｕｎｅｖｅｎ               ｅｃｏｎｏｍｉｃ               ｇｒｏｗｔｈ               ａｎｄ               ｓｌｏｗ               ｄｅｍｏｇｒａｐｈｉｃ               ｔｒａｎｓｉｔｉｏｎ.

Ｒｅｓｐｅｃｔａｂｌｅ               ｅｃｏｎｏｍｉｃ               ｇｒｏｗｔｈ               ｗａｓ               ｅｘｐｅｒｉｅｎｃｅｄ               ｉｎ               ｔｈｅ               1960ｓ               ａｎｄ               ｅａｒｌｙ               1970ｓ.

Ｔｈｉｓ               ｗａｓ               ｆｏｌｌｏｗｅｄ               ｂｙ               ｌｏｗ               ａｎｄ               ｎｅｇａｔｉｖｅ               ｇｒｏｗｔｈ               ｒａｔｅｓ               ｉｎ               ｔｈｅ               ｌａｔｅ               1970ｓ               ｕｐ               ｔｏ               ｔｈｅ               ｅａｒｌｙ               1980ｓ.

Ａ               ｔｅｎｔａｔｉｖｅ               ｒｅｓｕｒｇｅｎｃｅ               ｆｏｌｌｏｗｅｄ               ｉｎ               ｔｈｅ               ｌａｔｅ               1980ｓ               ａｎｄ               ｍｕｃｈ               ｂｅｔｔｅｒ               ｇｒｏｗｔｈ               ｐｅｒｆｏｒｍａｎｃｅ               ａｒｏｕｎｄ               ｔｈｅ               ｍｉｄ               1990ｓ.

Ｏｎ               ｔｈｅ               ｄｅｍｏｇｒａｐｈｉｃ               ｆｒｏｎｔ,               ａｆｔｅｒ               ａ               ｒａｐｉｄ               ｄｅｃｌｉｎｅ               ｉｎ               ｆｅｒｔｉｌｉｔｙ               ｒａｔｅｓ               ｉｎ               ｔｈｅ               1970ｓ,               ｔｈｅ               ｇａｉｎｓ               ｈａｖｅ               ｂｅｅｎ               ｖｅｒｙ               ｓｌｏｗ               ｔｈｅｒｅａｆｔｅｒ.

Ｗｈｉｌｅ               ｔｈｅ               ｎｅｉｇｈｂｏｒｉｎｇ               ｃｏｕｎｔｒｉｅｓ               ｏｆ               Ｉｎｄｏｎｅｓｉａ               ａｎｄ               Ｔｈａｉｌａｎｄ               ｈａｖｅ               ｓｕｃｃｅｓｓｆｕｌｌｙ               ｒｅｄｕｃｅｄ               ｔｈｅｉｒ               ｐｏｐｕｌａｔｉｏｎ               ｇｒｏｗｔｈ               ｒａｔｅｓ               ｔｏ               1.5               ａｎｄ               0.9               ｐｅｒｃｅｎｔ,               ｒｅｓｐｅｃｔｉｖｅｌｙ,               ｔｈｅ               Ｐｈｉｌｉｐｐｉｎｅｓ               ｓｔｉｌｌ               ｇｒｏｗｉｎｇ               ａｔ               2.3%.
               
               Ｃｈｉｎａ'ｓ               ｓｅｒｖｉｃｅｓ               ｓｅｃｔｏｒ,               ｉｎｃｒｅａｓｅｄ               7.8               ｐｅｒｃｅｎｔ               ｉｎ               2000,               Ｉｔ               ｓｈｏｕｌｄ               ｃｏｎｔｉｎｕｅ               ｔｏ               ｇｒｏｗ               ａｓ               ｒｅｓｔｒｉｃｔｉｏｎｓ               ｏｎ               ｂａｎｋｉｎｇ,               ｉｎｓｕｒａｎｃｅ,               ｔｅｌｅｃｏｍｍｕｎｉｃａｔｉｏｎｓ,               ａｎｄ               ｐｒｏｆｅｓｓｉｏｎａｌ               ｓｅｒｖｉｃｅｓ               ｓｕｃｈ               ａｓ               ａｃｃｏｕｎｔａｎｃｙ               ａｒｅ               ｒｅｍｏｖｅｄ.

Ｃｈｉｎａ               ｓｐｅｃｉａｌｉｚｅｓ               ｉｎ               ｌａｂｏｒ-ｉｎｔｅｎｓｉｖｅ,               ｌｏｗ-ｅｎｄ               ｐｒｏｄｕｃｔｓ.

Ｂｕｔ               ｉｔ               ｉｓ               ｓｌｏｗｌｙ               ｐｒｏｄｕｃｉｎｇ               ｍｏｒｅ               ｓｏｐｈｉｓｔｉｃａｔｅｄ               ｐｒｏｄｕｃｔｓ               ｓｕｃｈ               ａｓ               ｅｌｅｃｔｒｏｎｉｃｓ               ａｎｄ               ｏｔｈｅｒ               ｌｉｇｈｔ               ｍａｎｕｆａｃｔｕｒｅｄ               ｇｏｏｄｓ.

Ｉｎ               1996,               Ｃｈｉｎａ               ｐｒｏｄｕｃｅｄ               ｏｎｌｙ               4               ｐｅｒｃｅｎｔ               ｏｆ               ｔｈｅ               ｗｏｒｌｄ'ｓ               ｄｅｓｋｔｏｐ               ｃｏｍｐｕｔｅｒｓ,               ｂｕｔ               ｂｙ               2000               ｔｈａｔ               ｎｕｍｂｅｒ               ｈａｄ               ｉｎｃｒｅａｓｅｄ               ｔｏ               21               ｐｅｒｃｅｎｔ.
               Ｊａｐａｎ               ｉｓ               ａｍｏｎｇ               ｔｈｅ               ｗｏｒｌｄ'ｓ               ｌａｒｇｅｓｔ               ａｎｄ               ｔｅｃｈｎｏｌｏｇｉｃａｌｌｙ               ａｄｖａｎｃｅｄ               ｐｒｏｄｕｃｅｒｓ               ｏｆ               ｍｏｔｏｒ               ｖｅｈｉｃｌｅｓ,               ｅｌｅｃｔｒｏｎｉｃ               ｅｑｕｉｐｍｅｎｔ,               ｍａｃｈｉｎｅ               ｔｏｏｌｓ,               ｓｔｅｅｌ               ａｎｄ               ｎｏｎｆｅｒｒｏｕｓ               ｍｅｔａｌｓ,               ｓｈｉｐｓ,               ｃｈｅｍｉｃａｌｓ,               ｔｅｘｔｉｌｅｓ,               ａｎｄ               ｐｒｏｃｅｓｓｅｄ               ｆｏｏｄｓ
               Ａｇｒｉｃｕｌｔｕｒｅ               ｐｒｏｖｉｄｅｓ               ａ               ｓｕｂｓｉｓｔｅｎｃｅ               ｌｉｖｅｌｉｈｏｏｄ               ｆｏｒ               85%               ｏｆ               ｔｈｅ               ｐｏｐｕｌａｔｉｏｎ               ｏｆ               Ｎｅｗ               Ｇｕｉｎｅａ
               
               Ｉｎｄｏｎｅｓｉａ               ｂｅｃａｍｅ               ａ               ｎｅｔ               ｏｉｌ               ｉｍｐｏｒｔｅｒ               ｉｎ               2004               ｄｕｅ               ｔｏ               ｄｅｃｌｉｎｉｎｇ               ｐｒｏｄｕｃｔｉｏｎ               ａｎｄ               ｌａｃｋ               ｏｆ               ｎｅｗ               ｅｘｐｌｏｒａｔｉｏｎ               ｉｎｖｅｓｔｍｅｎｔ.

Ｍａｉｎ               Ｅｘｐｏｒｔｓ               ｉｎｃｌｕｄｅ               ｐｅｔｒｏｌｅｕｍ               ａｎｄ               ｎａｔｕｒａｌ               ｇａｓ,               ｔｅｘｔｉｌｅｓ,               ａｐｐａｒｅｌ,               ｆｏｏｔｗｅａｒ,               ｍｉｎｉｎｇ,               ｃｅｍｅｎｔ,               ｃｈｅｍｉｃａｌ               ｆｅｒｔｉｌｉｚｅｒｓ,               ｐｌｙｗｏｏｄ,               ｒｕｂｂｅｒ,
               Ｔｈａｉｌａｎｄ               ｈａｓ               ａ               ｗｅｌｌ               ｄｅｖｅｌｏｐｅｄ               ｉｎｆｒａｓｔｒｕｃｔｕｒｅ,               ａ               ｆｒｅｅ-ｅｎｔｅｒｐｒｉｓｅ               ｅｃｏｎｏｍｙ,               ａｎｄ               ｗｅｌｃｏｍｅｓ               ｆｏｒｅｉｇｎ               ｉｎｖｅｓｔｍｅｎｔ.

Ｋｅｙ               ｅｘｐｏｒｔｓ               ａｒｅ               ｔｅｘｔｉｌｅｓ               ａｎｄ               ｇａｒｍｅｎｔｓ,               ａｇｒｉｃｕｌｔｕｒａｌ               ｐｒｏｃｅｓｓｉｎｇ,               ｂｅｖｅｒａｇｅｓ,               ｔｏｂａｃｃｏ,               ｃｅｍｅｎｔ,               ｌｉｇｈｔ               ｍａｎｕｆａｃｔｕｒｉｎｇ               ｓｕｃｈ               ａｓ               ｊｅｗｅｌｒｙ,               ｅｌｅｃｔｒｉｃ               ａｐｐｌｉａｎｃｅｓ               ａｎｄ               ｃｏｍｐｏｎｅｎｔｓ,               ｃｏｍｐｕｔｅｒｓ               ａｎｄ               ｐａｒｔｓ,               ｉｎｔｅｇｒａｔｅｄ               ｃｉｒｃｕｉｔｓ,               ｆｕｒｎｉｔｕｒｅ,               ｐｌａｓｔｉｃｓ,               ｗｏｒｌｄ'ｓ               ｓｅｃｏｎｄ-ｌａｒｇｅｓｔ               ｔｕｎｇｓｔｅｎ               ｐｒｏｄｕｃｅｒ,               ａｎｄ               ｔｈｉｒｄ-ｌａｒｇｅｓｔ               ｔｉｎ               ｐｒｏｄｕｃｅｒ
               Ｍａｌａｙｓｉａ'ｓ               ｍａｉｎ               ｉｎｄｕｓｔｒｉｅｓ               ａｒｅ               ｒｕｂｂｅｒ               ａｎｄ               ｏｉｌ               ｐａｌｍ               ｐｒｏｃｅｓｓｉｎｇ               ａｎｄ               ｍａｎｕｆａｃｔｕｒｉｎｇ,               ｌｉｇｈｔ               ｍａｎｕｆａｃｔｕｒｉｎｇ               ｉｎｄｕｓｔｒｙ,               ｅｌｅｃｔｒｏｎｉｃｓ,               ｔｉｎ               ｍｉｎｉｎｇ               ａｎｄ               ｓｍｅｌｔｉｎｇ,               ｌｏｇｇｉｎｇ               ａｎｄ               ｐｒｏｃｅｓｓｉｎｇ               ｔｉｍｂｅｒ;               Ｓａｂａｈ               -               ｌｏｇｇｉｎｇ,               ｐｅｔｒｏｌｅｕｍ               ｐｒｏｄｕｃｔｉｏｎ;               Ｓａｒａｗａｋ               -               ａｇｒｉｃｕｌｔｕｒｅ               ｐｒｏｃｅｓｓｉｎｇ,               ｐｅｔｒｏｌｅｕｍ               ｐｒｏｄｕｃｔｉｏｎ               ａｎｄ               ｒｅｆｉｎｉｎｇ,               ｌｏｇｇｉｎｇ
               Ｍａｉｎ               Ｉｎｄｕｓｔｒｉｅｓ               ｉｎ               Ｖｉｅｔｎａｍ               ａｒｅ               ｆｏｏｄ               ｐｒｏｃｅｓｓｉｎｇ,               ｇａｒｍｅｎｔｓ,               ｓｈｏｅｓ,               ｍａｃｈｉｎｅ-ｂｕｉｌｄｉｎｇ,               ｍｉｎｉｎｇ,               ｃｅｍｅｎｔ,               ｃｈｅｍｉｃａｌ               ｆｅｒｔｉｌｉｚｅｒ,               ｇｌａｓｓ,               ｔｉｒｅｓ,               ｏｉｌ,               ｃｏａｌ,               ｓｔｅｅｌ,               ｐａｐｅｒ
               Ｗｈｉｌｅ               ｔｒａｄｅ               ｌｉｂｅｒａｌｉｚａｔｉｏｎ               ｐｒｅｓｅｎｔｓ               ｓｉｇｎｉｆｉｃａｎｔ               ｏｐｐｏｒｔｕｎｉｔｉｅｓ,               ｉｎｔｅｎｓｉｆｙｉｎｇ               ｇｌｏｂａｌ               ｃｏｍｐｅｔｉｔｉｏｎ               ａｎｄ               ｔｈｅ               ｅｍｅｒｇｅｎｃｅ               ｏｆ               ｌｏｗ-ｗａｇｅ               ｅｘｐｏｒｔ               ｅｃｏｎｏｍｉｅｓ               ａｌｓｏ               ｐｏｓｅ               ｃｈａｌｌｅｎｇｅｓ.

Ｃｏｍｐｅｔｉｔｉｏｎ               ｆｒｏｍ               ｏｔｈｅｒ               Ｓｏｕｔｈｅａｓｔ               Ａｓｉａｎ               ｃｏｕｎｔｒｉｅｓ               ａｎｄ               ｆｒｏｍ               Ｃｈｉｎａ               ｆｏｒ               ｉｎｖｅｓｔｍｅｎｔ               ｕｎｄｅｒｌｉｎｅｓ               ｔｈｅ               ｎｅｅｄ               ｆｏｒ               ｓｕｓｔａｉｎｅｄ               ｐｒｏｇｒｅｓｓ               ｏｎ               ｓｔｒｕｃｔｕｒａｌ               ｒｅｆｏｒｍｓ               ｔｏ               ｒｅｍｏｖｅ               ｂｏｔｔｌｅｎｅｃｋｓ               ｔｏ               ｇｒｏｗｔｈ,               ｌｏｗｅｒ               ｃｏｓｔｓ               ｏｆ               ｄｏｉｎｇ               ｂｕｓｉｎｅｓｓ,               ａｎｄ               ｐｒｏｍｏｔｅ               ｇｏｏｄ               ｐｕｂｌｉｃ               ａｎｄ               ｐｒｉｖａｔｅ               ｓｅｃｔｏｒ               ｇｏｖｅｒｎａｎｃｅ.
               Ｔｈｅ               Ｍａｋａｔｉ               Ｂｕｓｉｎｅｓｓ               Ｃｌｕｂ               ａｎｄ               ｔｈｅ               Ｎｉｐｐｏｎ               Ｋｅｉｄａｎｒｅｎ               (Ｊａｐａｎ               Ｂｕｓｉｎｅｓｓ               Ｆｅｄｅｒａｔｉｏｎ)               Ｍｉｓｓｉｏｎ               ｔｏ               Ｓｏｕｔｈｅａｓｔ               Ａｓｉａ               ｃｏｎｄｕｃｔｅｄ               ａ               ｄｉａｌｏｇｕｅ               ｔｏ               ｒｅｉｎｆｏｒｃｅ               ｅｃｏｎｏｍｉｃ               ａｎｄ               ｓｔｒａｔｅｇｉｃ               ｐａｒｔｎｅｒｓｈｉｐ               ｂｅｔｗｅｅｎ               ｔｈｅ               Ｐｈｉｌｉｐｐｉｎｅｓ               ａｎｄ               Ｊａｐａｎ               ｔｈｒｏｕｇｈ               ｅｆｆｅｃｔｉｖｅ               ｃｏｌｌａｂｏｒａｔｉｏｎ               ｏｆ               ｐｒｉｖａｔｅ               ｓｅｃｔｏｒ               ｉｎｉｔｉａｔｉｖｅｓ.

Ｔｈｅ               ｄｉａｌｏｇｕｅ               ｗａｓ               ｈｅｌｄ               ｌａｓｔ               2               Ｎｏｖｅｍｂｅｒ               2004               ａｔ               ｔｈｅ               Ｍａｋａｔｉ               Ｓｈａｎｇｒｉ-Ｌａ               Ｈｏｔｅｌ.

Ｔｈｅ               ａｇｅｎｄａ               ｏｆ               ｔｈｅ               ｍｅｅｔｉｎｇ               ｒｅｖｏｌｖｅｄ               ｍａｉｎｌｙ               ｏｎ               ｉｓｓｕｅｓ               ｃｏｎｃｅｒｎｉｎｇ               ｔｈｅ               ｏｎｇｏｉｎｇ               ｎｅｇｏｔｉａｔｉｏｎｓ               ｆｏｒ               ｔｈｅ               Ｊａｐａｎ-Ｐｈｉｌｉｐｐｉｎｅｓ               Ｅｃｏｎｏｍｉｃ               Ｐａｒｔｎｅｒｓｈｉｐ               Ａｇｒｅｅｍｅｎｔ,               ｗｈｉｃｈ               ｒｅｃｅｎｔｌｙ               ｃｏｎｃｌｕｄｅｄ               ｉｔｓ               ｆｉｆｔｈ               ｒｏｕｎｄ               ｏｆ               ｔａｌｋｓ.


               Ｂｏｔｈ               ｓｉｄｅｓ               ａｆｆｉｒｍｅｄ               ｔｈｅ               ｉｍｐｏｒｔａｎｃｅ               ｏｆ               ｓｔｒｅｎｇｔｈｅｎｉｎｇ               ｔｈｅｉｒ               ｅｃｏｎｏｍｉｃ               ｐａｒｔｎｅｒｓｈｉｐ.

Ｊａｉｍｅ               Ａｕｇｕｓｔｏ               Ｚｏｂｅｌ               ｄｅ               Ａｙａｌａ,               ｈｅａｄ               ｏｆ               ｔｈｅ               Ｐｈｉｌｉｐｐｉｎｅ               ｄｅｌｅｇａｔｉｏｎ,               ｅｍｐｈａｓｉｚｅｄ               Ｊａｐａｎ'ｓ               ｓｕｂｓｔａｎｔｉａｌ               ｃｏｎｔｒｉｂｕｔｉｏｎ               ｔｏ               ｔｈｅ               ｅｃｏｎｏｍｙ,               ｂｅｉｎｇ               ｔｈｅ               Ｐｈｉｌｉｐｐｉｎｅｓ'               ｂｉｇｇｅｓｔ               ｔｒａｄｅ               ｐａｒｔｎｅｒ               ａｎｄ               ｏｎｅ               ｏｆ               ｉｔｓ               ｔｏｐ               ｄｉｒｅｃｔ               ｆｏｒｅｉｇｎ               ｉｎｖｅｓｔｏｒｓ.
               Ｔｈｅ               Ｐｈｉｌｉｐｐｉｎｅ               ｐａｎｅｌ               ｉｎｑｕｉｒｅｄ               ａｂｏｕｔ               ｔｈｅ               ｐｒｏｓｐｅｃｔ               ｏｆ               ｏｐｅｎｉｎｇ               ｔｈｅ               ｈｅａｌｔｈ               ｓｅｃｔｏｒ               ｏｆ               Ｊａｐａｎ               ｔｏ               ｐｒｏｆｅｓｓｉｏｎａｌ               ｆｏｒｅｉｇｎ               ｈｅａｌｔｈ               ｗｏｒｋｅｒｓ,               ｅｓｐｅｃｉａｌｌｙ               Ｆｉｌｉｐｉｎｏｓ.

Ｊａｐａｎ'ｓ               ａｇｉｎｇ               ｐｏｐｕｌａｔｉｏｎ               ａｎｄ               ｒｉｓｉｎｇ               ｍｅｄｉｃａｌ               ｃｏｓｔｓ               ｃｒｅａｔｅ               ａ               ｌｕｃｒａｔｉｖｅ               ｍａｒｋｅｔ               ｆｏｒ               Ｆｉｌｉｐｉｎｏ               ｈｅａｌｔｈ               ｐｒｏｆｅｓｓｉｏｎａｌｓ               ｌｉｋｅ               ｃａｒｅｇｉｖｅｒｓ               ａｎｄ               ｎｕｒｓｅｓ,               ｏｆ               ｗｈｉｃｈ               ｔｈｅ               Ｐｈｉｌｉｐｐｉｎｅｓ               ｉｓ               ａ               ｍａｊｏｒ               ｓｏｕｒｃｅ.

Ｊａｐａｎ,               ｉｎ               ｒｅｔｕｒｎ,               ｗｉｌｌ               ｅｎｊｏｙ               ｔｈｅ               ｓｅｒｖｉｃｅ               ｏｆ               ｐｒｏｆｅｓｓｉｏｎａｌ               ｈｅａｌｔｈ               ｃａｒｅ               ａｔ               ｒｅｌａｔｉｖｅｌｙ               ｌｏｗ               ｃｏｓｔ.
               Ｍａｌａｙｓｉａ               ａｎｄ               Ｉｎｄｏｎｅｓｉａ               ｗｅｒｅ               ｗｏｒｋｉｎｇ               ｈａｒｄ               ｄｉｐｌｏｍａｔｉｃａｌｌｙ               ｔｏ               ｒｅｓｏｌｖｅ               ａ               ｂｏｒｄｅｒ               ｄｉｓｐｕｔｅ               ｉｎ               ｔｈｅ               Ｓｕｌａｗｅｓｉ               Ｓｅａ               ｉｎ               ｗｈｉｃｈ               ｂｏｔｈ               ｓｉｄｅｓ               ｓｅｎｔ               ｗａｒｓｈｉｐｓ               ｔｏ               ｔｈｅ               ｃｏｎｔｅｓｔｅｄ               ａｒｅａ               ｔｏ               ｓｔａｋｅ               ｔｈｅｉｒ               ｃｌａｉｍｓ.

Ｂｏｔｈ               ｎａｔｉｏｎｓ               ａｒｅ               ｅｃｏｎｏｍｉｃａｌｌｙ               ｄｅｐｅｎｄｅｎｔ               ｏｎ               ｅａｃｈ               ｏｔｈｅｒ               -               Ｍａｌａｙｓｉａ               ｏｎ               Ｉｎｄｏｎｅｓｉａ               ｌａｒｇｅｌｙ               ｆｏｒ               ｍｉｇｒａｎｔ               ｌａｂｏｒ,               Ｉｎｄｏｎｅｓｉａ               ｏｎ               Ｍａｌａｙｓｉａ               ｆｏｒ               ｃａｐｉｔａｌ               ｉｎｖｅｓｔｍｅｎｔ               -               ａｎｄ               ｗａｇｉｎｇ               ｗａｒ               ｏｖｅｒ               ｔｗｏ               ｐｕｔａｔｉｖｅｌｙ               ｏｉｌ-ｒｉｃｈ               ｉｓｌａｎｄｓ               ｉｓｎ'ｔ               ｔｈｏｕｇｈｔ               ｔｏ               ｂｅ               ｉｎ               ｔｈｅ               ｌｏｎｇ-ｔｅｒｍ               ｉｎｔｅｒｅｓｔ               ｏｆ               ｅｉｔｈｅｒ               ｃｏｕｎｔｒｙ.
               
               Ｄｅｓｐｉｔｅ               ｇｒｏｗｉｎｇ               ｃｏｍｐｅｔｉｔｉｏｎ               ｆｒｏｍ               ｎｅｉｇｈｂｏｒｉｎｇ               ｃｏｕｎｔｒｉｅｓ,               ｔｈｅ               151-ｙｅａｒ               ｏｌｄ               ｃｏｃｏｎｕｔ               ｉｎｄｕｓｔｒｙ               ｒｅｍａｉｎｓ               ａ               ｓｔｒｏｎｇ               ｐｉｌｌａｒ               ｏｆ               ｔｈｅ               Ｐｈｉｌｉｐｐｉｎｅ               ｅｃｏｎｏｍｙ,               ｐｒｏｖｉｄｉｎｇ               ｊｏｂｓ               ａｎｄ               ｌｉｖｅｌｉｈｏｏｄ               ｔｏ               ｍｉｌｌｉｏｎｓ               ｏｆ               Ｆｉｌｉｐｉｎｏｓ               ａｎｄ               ｇｅｎｅｒａｔｉｎｇ               ｍｉｌｌｉｏｎｓ               ｏｆ               ｄｏｌｌａｒｓ               ｉｎ               ｅｘｐｏｒｔ               ｒｅｖｅｎｕｅｓ.


               Ｔｈｅ               ｍａｓｓｉｖｅ               ｃｕｌｔｉｖａｔｉｏｎ               ｏｆ               ｃｏｃｏｎｕｔｓ               ｉｎ               ｔｈｅ               Ｐｈｉｌｉｐｐｉｎｅｓ               ｓｔａｒｔｅｄ               ｉｎ               1854               ｄｕｒｉｎｇ               ｔｈｅ               Ｓｐａｎｉｓｈ               ｅｒａ.

Ｔｏｄａｙ,               ｗｅ               ｈａｖｅ               331               ｍｉｌｌｉｏｎ               ｃｏｃｏｎｕｔ               ｔｒｅｅｓ,               ｍｏｒｅ               ｔｈａｎ               ｈａｌｆ               ｏｆ               ｗｈｉｃｈ               ａｒｅ               ｌｏｃａｔｅｄ               ｉｎ               Ｍｉｎｄａｎａｏ.

Ａ               ｔｈｉｒｄ               ｏｆ               ｔｈｅ               ｃｏｕｎｔｒｙ'ｓ               ａｒａｂｌｅ               ｌａｎｄ               ｏｒ               3.3               ｍｉｌｌｉｏｎ               ｈｅｃｔａｒｅｓ               ａｒｅ               ｐｌａｎｔｅｄ               ｔｏ               ｃｏｃｏｎｕｔｓ.


               Ｍｏｒｅ               ｔｈａｎ               25               ｍｉｌｌｉｏｎ               Ｆｉｌｉｐｉｎｏｓ,               ｏｒ               ａｂｏｕｔ               30%               ｏｆ               ｔｈｅ               ｔｏｔａｌ               ｐｏｐｕｌａｔｉｏｎ               ｄｅｒｉｖｅ               ｌｉｖｅｌｉｈｏｏｄ,               ｄｉｒｅｃｔｌｙ               ｏｒ               ｉｎｄｉｒｅｃｔｌｙ               ｆｒｏｍ               ｔｈｅ               ｃｏｃｏｎｕｔ               ｉｎｄｕｓｔｒｙ.

Ｔｈｅ               ｉｎｄｕｓｔｒｙ               ｇｅｎｅｒａｔｅｓ               ａｖｅｒａｇｅ               ａｎｎｕａｌ               ｅｘｐｏｒｔ               ｅａｒｎｉｎｇｓ               ｏｆ               ＵＳ$               690.5               ｍｉｌｌｉｏｎ,               ｔｈｅ               ｈｉｇｈｅｓｔ               ｉｎ               ｔｈｅ               ａｇｒｉｃｕｌｔｕｒａｌ               ｓｅｃｔｏｒ               ａｎｄ               ｔｈｅ               ｆｉｆｔｈ               ｈｉｇｈｅｓｔ               ａｍｏｎｇ               ａｌｌ               ｍｅｒｃｈａｎｄｉｓｅ               ｅｘｐｏｒｔｓ               ｏｆ               ｔｈｅ               ｃｏｕｎｔｒｙ
               Ｃｏｎｔｒｏｌ               ｉｓ               ａ               ｍａｊｏｒ               ｆａｃｔｏｒ               ｏｆ               ｍａｎａｇｅｍｅｎｔ.

Ｏｕｒ               ｃｏｍｐａｎｙ               ｎｅｅｄｓ               ｔｏ               ｍａｋｅ               ｓｕｒｅ               ｔｈａｔ               ｏｕｒ               ｐｒｏｄｕｃｔｓ               ａｒｅ               ｂｅｉｎｇ               ｍａｒｋｅｔｅｄ               ｔｈｅ               ｓａｍｅ               ｗａｙ               ｔｈｒｏｕｇｈｏｕｔ               ｔｈｅ               ｅｎｔｉｒｅ               Ｎａｔｉｏｎ.

Ｈｏｗｅｖｅｒ               ｏｆｔｅｎ               ｔｉｍｅｓ               ｅｖｅｎ               ｃｏｍｐｅｔｅ               ｏｗｎｅｒｓｈｉｐ               ｄｏｅｓ               ｎｏｔ               ｇｕａｒａｎｔｅｅ               ｃｏｍｐｌｅｔｅ               ｃｏｎｔｒｏｌ.

Ｓｏｍｅ               ｒｅａｓｏｎｓ               ｔｈｉｓ               ｍａｙ               ｏｃｃｕｒ               ａｒｅ               ｉｆ               ｔｈｅ               ｌｏｃａｌ               ｇｏｖｅｒｎｍｅｎｔ               ｗｅｒｅ               ｔｏ               ｉｎｔｅｒｖｅｎｅ               ａｎｄ               ｒｅｑｕｉｒｅ               ｏｕｒ               ｃｏｍｐａｎｙ               ｄｏ               ｔｈｉｎｇｓ               ｔｈａｔ               ｗｅ               ｏｔｈｅｒｗｉｓｅ               ｗｏｕｌｄ               ｎｏｔ               ｄｏ.
               Ｐａｒｔｎｅｒｓｈｉｐ               Ｒｅｑｕｉｒｅｍｅｎｔｓ               ｍａｙ               ｎｅｅｄ               ｔｏ               ｂｅ               ｅｎｆｏｒｃｅｄ               ｉｎ               ｏｒｄｅｒ               ｔｏ               ｅｎｓｕｒｅ               ｔｈａｔ               ａｒｅ               ｗｏｒｋｅｒｓ               ａｎｄ               ｉｎｄｕｓｔｒｉｅｓ               ａｒｅ               ｐｒｏｔｅｃｔｅｄ               ｆｒｏｍ               ｗｈａｔ               ｔｈｅ               Ｆｉｌｉｐｉｎｏ               Ｇｏｖｅｒｎｍｅｎｔ               ｍａｙ               ｐｅｒｃｅｉｖｅ               ｔｏ               ｂｅ               ｅｘｐｌｏｉｔａｔｉｏｎ               ｏｒ               ｄｏｍｉｎａｔｉｏｎ.
               Ｐｒｏｄｕｃｔｉｏｎ               Ｃｏｓｔｓ               ｃｏｕｌｄ               ｐｏｓｓｉｂｌｙ               ｐｏｓｅ               ａ               ｔｈｒｅａｔ               ｔｏ               ｔｈｅ               ｅｘｐａｎｓｉｏｎ               ｉｎｔｏ               ｎｅｗ               ｍａｒｋｅｔｓ               ｓｅｖｅｒａｌ               ａｃｔｏｒｓ               ｃａｎ               ｓｔｒｏｎｇｌｙ               ｉｎｆｌｕｅｎｃｅ               ｐｒｏｄｕｃｔｉｏｎ               ｃｏｓｔ.

Ｔｈｉｓ               ｃｏｕｌｄ               ｉｎ               ｔｕｒｎ               ｅａｔ               ａｗａｙ               ｐｒｏｆｉｔｓ               ａｎｄ               ｆｏｒｃｅ               ｉｍｍｅｄｉａｔｅ               ｗｉｔｈｄｒａｗａｌ               ｆｒｏｍ               ｔｈｅ               ｎａｔｉｏｎ.
               Ｒａｔｉｏｎａｌｉｚｅｄ               Ｐｒｏｄｕｃｔｉｏｎ               ｉｓ               ａ               ｓｙｓｔｅｍ               ｔｈａｔ               ｍａｋｅｓ               ｓｕｒｅ               ｔｈａｔ               ｐｒｏｄｕｃｔｓ               ａｒｅ               ｐｒｏｄｕｃｅｄ               ｉｎ               ａ               ｗａｙ               ｔｈａｔ               ｅｎｓｕｒｅｓ               ｔｈｅ               ｃｏｓｔ               ｏｆ               ｐｒｏｄｕｃｉｎｇ               ｉｓ               ａｔ               ｉｔ'ｓ               ｌｏｗｅｓｔ.

Ｔｈｉｓ               ｉｓ               ｏｎｅ               ｍｅｔｈｏｄ               ｔｈａｔ               ｃｏｕｌｄ               ｈｅｌｐ               ｔｏ               ｂａｌａｎｃｅ               ｔｈｅ               ｅｆｆｅｃｔｓ               ｏｒ               ｐｒｅｖｅｎｔ               ｒａｐｉｄｌｙ               ｉｎｃｒｅａｓｉｎｇ               ｐｒｏｄｕｃｔｉｏｎ               ｃｏｓｔｓ.
               Ｔｈｅ               Ｃｏｓｔ               ｏｆ               Ｒｅｓｅａｒｃｈ               ａｎｄ               Ｄｅｖｅｌｏｐｍｅｎｔ               ｃｏｕｌｄ               ａｌｓｏ               ｐｏｓｅ               ａ               ｔｈｒｅａｔ               ｉｆ               ｗｅ               ｓｐｅｎｄ               ｔｈｏｕｓａｎｄｓ               ｏｒ               ｍｉｌｌｉｏｎｓ               ｏｆ               ｄｏｌｌａｒｓ               ｏｎ               Ｒ&Ｄ               ｏｎｌｙ               ｔｏ               ｆｉｎｄ               ｔｈａｔ               Ｔｈｅ               Ｐｈｉｌｉｐｐｉｎｅｓ               ｉｓ               ｎｏｔ               ａ               ｓｔｒｏｎｇ               ｉｎｖｅｓｔｍｅｎｔ               ｗｅ               ｍａｙ               ｅｎｄ               ｕｐ               ｌｏｓｉｎｇ               ｍｏｒｅ               ｍｏｎｅｙ               ｔｈａｎ               ｗｅ               ｃｏｕｌｄ               ｈａｖｅ               ｐｏｔｅｎｔｉａｌｌｙ               ｇａｉｎｅｄ.

Ｔｈｅ               ｃｏｓｔ               ｏｆ               Ｒ$Ｄ               ｈａｓ               ｌｅｄ               ｍａｎｙ               ｃｏｕｎｔｒｉｅｓ               ｔｏ               ｆｏｒｍ               ａｌｌｉａｎｃｅｓ               ｓｏ               ｔｈａｔ               ｉｔ               ｃａｎ               ａｆｆｏｒｄ               ｔｈｅｓｅ               ｒａｐｉｄ               ｃｈａｎｇｅｓ.

Ｔｈｉｓ               ｃｏｕｌｄ               ｐｏｓｅ               ａ               ｐｒｏｂｌｅｍ               ｂｅｃａｕｓｅ               ｏｆ               ｄｅａｌｉｎｇ               ｗｉｔｈ               ｏｎｅ               Ｎａｔｉｏｎ               (ｄｅｐｅｎｄｉｎｇ               ｏｎ               ｔｈｅ               ｍａｒｋｅｔ               ｗｅ               ａｒｅ               ｔｒｙｉｎｇ               ｔｏ               ｅｎｔｅｒ)               ｗｅ               ｃｏｕｌｄ               ｂｅ               ｄｅａｌｉｎｇ               ｗｉｔｈ               ａ               ｇｒｏｕｐ               ｏｆ               Ｎａｔｉｏｎｓ.
               Ｃｕｓｔｏｍｅｒ               Ｋｎｏｗｌｅｄｇｅ               ｉｓ               ａｌｓｏ               ａｎｏｔｈｅｒ               ｖｅｒｙ               ｉｍｐｏｒｔａｎｔ               ｉｓｓｕｅ               Ｗｅ               ｎｅｅｄ               ｔｏ               ｍａｋｅ               ｓｕｒｅ               ｔｈａｔ               ｔｈｅ               ｍａｒｋｅｔ               ｗｅ               ａｒｅ               ｅｎｔｅｒｉｎｇ               ｈａｓ               ａ               ｉｎｆｏｒｍｅｄ               ｃｕｓｔｏｍｅｒ               ｂａｓｅ               ａｓ               ｗｅｌｌ               ａｓ               ａ               ｖａｓｔ               ｏｎｅ               .

Ｉｔ               ｃｏｕｌｄ               ａｌｓｏ               ｈｅｌｐ               ｔｏ               ｉｎｃｒｅａｓｅ               ｐｒｏｄｕｃｔ               ａｗａｒｅｎｅｓｓ               ａｎｄ               ｒｅｐｕｔａｔｉｏｎ.

Ｉｆ               ｗｅ               ｍａｎｕｆａｃｔｕｒｅ               ｐｒｏｄｕｃｔｓ               ｔｈａｔ               ｔｈｅ               Ｐｈｉｌｉｐｐｉｎｅｓ               ｉｓ               ｕｎｒｉｖａｌｅｄ               ｉｎ               ｗｅ               ｗｉｌｌ               ｂｅ               ａｂｌｅ               ｔｏ               ｂｒｏａｄｅｎ               ａｒｅ               Ｃｕｓｔｏｍｅｒ               ｂａｓｅ               ａｎｄ               ｃｒｅａｔｅ               ａ               ｌｉｎｅ               ｏｆ               "ｓｕｐｅｒｉｏｒ               Ｐｒｏｄｕｃｔｓ"               ｔｈａｔ               ｗｉｌｌ               ｂｅ               ｈｉｇｈｌｙ               ａｎｔｉｃｉｐａｔｅｄ               ｉｎ               ａｒｅ               ｈｏｍｅ               ｍａｒｋｅｔｓ.
               Ｗｅ               ｍａｙ               ａｌｓｏ               ｂｅ               ａｂｌｅ               ｔｏ               ｇｅｎｅｒａｔｅ               ｇｒｅａｔｅｒ               ｉｎｖｅｓｔｍｅｎｔｓ               ｉｆ               ｏｕｒ               ｃｕｒｒｅｎｔ               ｃｌｉｅｎｔｓ               ｄｅｃｉｄｅ               ｔｏ               ｆｏｌｌｏｗ               ｕｓ               ｔｏ               ｔｈｅ               Ｐｈｉｌｉｐｐｉｎｅｓ               ｔｈｉｓ               ｃｏｕｌｄ               ｐｒｏｖｅ               ｂｅｎｅｆｉｃｉａｌ               ｔｏ               ｏｕｒ               ｏｖｅｒａｌｌ               ｉｎｖｅｓｔｍｅｎｔ.

Ａｌｓｏ               ｂｙ               ｆｏｌｌｏｗｉｎｇ               ａｎｙ               ｒｉｖａｌ               ｃｏｍｐａｎｉｅｓ               ｗｅ               ｗｉｌｌ               ｂｅ               ａｂｌｅ               ｔｏ               ｔａｐ               ｉｎｔｏ               ａ               ｍａｒｋｅｔ               ｔｈａｔ               ｈａｓ               ａｌｒｅａｄｙ               ｂｅｅｎ               ｔｅｓｔｅｄ               ｔｈｉｓ               ｗａｙ               ｗｅ               ｗｉｌｌ               ｋｎｏｗ               ｗｈａｔ               ｗｏｒｋｓ               ａｎｄ               ｗｈａｔ               ｄｏｅｓｎ'ｔ               ｗｈｉｃｈ               ｗｉｌｌ               ｇｉｖｅ               ｕｓ               ａｎ               ａｄｖａｎｔａｇｅ               ｏｖｅｒ               ｏｕｒ               ｃｏｍｐｅｔｉｔｏｒｓ.
               







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