Employees in the BPO Industry.
Once considered the “sick man of Asia,” the Philippines has seen strong economic growth in recent years. Growth drivers include a world-leading BPO sector and rapid improvement in the country’s digital infrastructure. Challenges include major infrastructure gaps, persistent natural disasters and an ongoing “brain drain” as skilled workers move abroad and join the country’s massive diaspora.
In Remittances In 2015 (10% of GDP).
+ Strong English fluency
+ Increasing consumption
+ Huge tourism potential
– Urban infrastructure gaps
– High poverty rates
– Frequent natural disasters
Electrical and electronic equipment
Machines, engines and pumps
Wood and wood products
Ores, slag and ash
Medical and technical equipment
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