The Hong Kong economy is externally oriented and highly dependent on trade with the rest of the world, and the Philippines happens to be one of the countries that Hong Kong has a strong trade relationship with. In 2021, exports from the Philippines to Hong Kong amounted to US$...
The cosmetics and beauty products industry is a booming sector in the Philippines, contributing significantly to the country's economy. According to data by Statista, the Filipino cosmetics and personal care industry is expected to reach a value of US$6.47 billion in 2024, with the market predi...
Another external economy of scale occurs when your production costs decrease because of an external factor outside of your control. For example, the average cost falls for shipping when the carriers in your area lower their rates in response to handling more freight. Unlike internal economies of ...
Drawing on the case of the Philippines, I argue that the control of women's bodies is integral to the Philippines' economic strategy of exporting care workers in a competitive global political economy. This strategy is abetted by local Catholic religious fundamentalists who challenge reproductive ...
In 1997, Turner pledged $1 billion to UN programs, which established the United Nations Foundation, a public charity to broaden U.S. support for the UN. Along with Warren Buffet and Chuck Feeney, Turner is part of the Giving Pledge. It’s an organization that encourages the world’s wealt...
Last year, Vietnamesedurians, known for their longer harvest season and lower prices, gained market access to China under the RCEP framework, which was followed by the import of freshduriansfrom the Philippines starting in January this year. Jumping onto the bandwagon of Vietnamese durian ...
Effects of Capital Flight on Economic Growth in Selected ASEAN Economies Prior to the Asian financial crises, Indonesia, Malaysia, the Philippines and Thailand hadexperienced strong and impressive real economic growth rate from the 1970s to untilbeginning of 1997. Conventional wisdom hold that with th...
In this article, we first discuss OFWs and their importance to the Philippines economy. We then explain the types of care packages OFWs send their loved ones back home and the challenges they face when shipping overseas. OFW families statistics: how many Filipinos work overseas?
Indonesia, Malaysia, Thailand, the Philippines and Vietnam are the five markets that economists have dubbed the Tiger Cubs. The nickname comes from their proximity to the original ‘Four Asian Tigers’ of Hong Kong, Singapore, Taiwan and South Korea. ...
Currency convertibilityis essential in a global economy and critical for international commerce and finance. A currency that isinconvertibleposes big barriers to trade, foreign investment, and tourism. Where To Find a Currency Exchange Currency exchange businesses can be found in a variety of forms an...