The Philippines in the Global Value Chain
The Philippines is one of the most dynamic economies in the East Asia and Pacific region. It has been a consistent growth performer, with the economy growing 6.7 per cent year-on-year in 2017. It is projected to continue this expansionary path in both 2018 and 2019, according to the World Bank. With increasing urbanisation, a growing middle class and a large and young population, the Philippines’ economic dynamism is driven by strong consumer demand and public investment.
The Philippine government has in recent years focused on developing policies to support a stable trade and industry environment, including increasing manufacturing growth and leveraging its comparative advantage in the services sector through Global Value Chains (GVCs). As the Philippines seeks to integrate further in the global economy, its participation in manufacturing and services GVCs could be be key. GVCs are emerging as a dominant feature of international trade, and could help to promote inclusive development, increase employment and add value to domestic industries in the Philippines.
This roundtable with key Philippine economic leaders will discuss the outlook for the Philippine economy, the domestic and external risks including protectionist sentiments globally, and how integration into GVCs features in the government’s broader economic strategy.
Ramon M. Lopez, Secretary of Trade and Industry, Philippines
Benjamin E. Diokno, Secretary of Budget and Management, Philippines
Ernesto M. Pernia, Secretary of Socioeconomic Planning
Diwa C. Guinigundo, Deputy Governor of the Monetary Stability Sector, Central Bank Philippines
This is an invitation only event. To register interest, or for more information, please contact Jana Psarska in the Business & Policy Team at: firstname.lastname@example.org