Analysis of Philippine Trade Pattern and Trade Structure

DOI

10.2991/aebmr.k.220603.159How to use a DOI?

Keywords

International Economics; Trade Pattern; Trade Specialisation; Philippine

Abstract

With a continuous rate of economic growth, the Philippine economy is still facing a trade deficit and is said to be trapped in the “Middle-Income Trap.” This issue occurs when countries struggle to cope with changes in their local market and, as a result, undermine their international competitiveness. Influential innovation and specialisation, based on the existing literature, are significant variables in enhancing economic competitiveness and avoiding the middle-income trap. Hence, by employing qualitative research methods, adopting secondary data, and reviewing the existing literature as the research instruments, this project aimed to discuss the international trade of the Philippines. The objective of this project is to examine the trade pattern of the Philippines by analysing the relevant and official data and to discuss the key model of trade specialisation of the Philippines and its application towards trade specialisation. An analysis of the Philippines’ trade patterns reveals that over the past two decades it has been transforming from an agricultural producer dependent on service production to an emerging, inclusive, diversified and open market. However, this market still has a trade deficit and still needs to expand its exports to boost GDP growth. For example, abundant labor force and relatively primary product processing are their advantages.

Copyright

© 2022 The Authors. Published by Atlantis Press International B.V.

Open Access

This is an open access article distributed under the CC BY-NC 4.0 license.

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TY  - CONF
AU  - Yikang Hu
PY  - 2022
DA  - 2022/07/01
TI  - Analysis of Philippine Trade Pattern and Trade Structure
BT  - Proceedings of the 2022 2nd International Conference on Enterprise Management and Economic Development (ICEMED 2022)
PB  - Atlantis Press
SP  - 962
EP  - 970
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.220603.159
DO  - 10.2991/aebmr.k.220603.159
ID  - Hu2022
ER  -