What are the advantages of the Philippines in terms of location?

Situated at the crossroads of the eastern and western business, it is a critical entry point to over 500 million people in the ASEAN market and a gateway of international shipping and air lanes suited for European and American businesses.

Are there any advantages in the location of the Philippines Why?

Apart from the wealth of natural resources on and under its land, the Philippine archipelago harbors the highest marine biodiversity in the world, including the highest number of fish species and marine mammals.

What are the advantage of the Philippines?

The Filipino workforce is one of the most compelling advantages the Philippines has over any other Asian country. With higher education priority, the literacy rate in the country is 94.6% – among the highest. English is taught in all schools, making the Philippines the world’s third largest English-speaking country.

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What can you say about the location of the Philippines?

The Philippines is located in Southeast Asia, on the eastern rim of the Asiatic Mediterranean. It is bounded in the west by the South China Sea; in the east by the Pacific Ocean; in the south by the Sulu and Celebes Seas; and in the north by the Bashi Channel. Its capital and main port of entry is Manila.

What is the comparative advantage of the Philippines over other countries?

The Philippines has a revealed comparative advantage in exporting from high technology industries. They constitute more than 50 percent of total goods exports, and they were affected during the global financial crisis.

What is the competitive advantage of Philippine tourism?

As the Philippines has a natural competitive advantage in tourism because of the warmth of its people and its natural wonders that are yet to be fully harnessed, the government recognizes tourism as a major contributor to the generation of foreign exchange earnings, investments, and revenues, and to the growth of the …

How significant is the location of the Philippines culturally?

The strategic location of the Philippines has affected its history. First, its nearness to mainland Asia has led to the migration of Negritos, Indonesians and Malays.

What five benefits that the Philippines get from being part of the ASEAN?

Benefits of a citizen belonging to an ASEAN country member

  • Lower cost of living. …
  • Improved job opportunities and general well-being. …
  • Better job opportunities and education abroad. …
  • Less hassle in traveling. …
  • Philippines prosperity.
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What are the advantages of globalization in the Philippines?

Evidence suggests that globalisation has a positive effect on the country’s economic growth and employment. In particular, trade openness and foreign portfolio flows have contributed to higher per capita GDP growth in the Philippines, following the implementation of FX liberalisation reforms.

Is Philippines a strategic location?

The Philippines is strategically located in the Indo-Pacific and critical to U.S. national interests in the region. For one, the Philippines, the oldest ally in Southeast Asia, shares important security ties with the U.S. as a major non-NATO strategic partner.

How do you describe the geographical location of the Philippines answer?

The Philippines is an archipelago, or string of over 7,100 islands, in southeastern Asia between the South China Sea and the Pacific Ocean. The two largest islands, Luzon and Mindanao, make up for two-thirds of the total land area. Only about one third of the islands are inhabited.

What is unique about the Philippines?

The Philippines is also super unique because it’s the second-largest archipelago in the world, made up of no fewer than around 7,500 islands, of which only 2,000 are inhabited and some 5,000 are unnamed.

What is the exact location of Philippines in terms of latitude and longitude?

It is located between 116° 40′, and 126° 34′ E longitude and 4° 40′ and 21° 10′ N latitude and is bordered by the Philippine Sea to the east, the South China Sea to the west, and the Celebes Sea to the south.

What do absolute advantage and comparative advantage have in common?

Absolute advantage refers to the uncontested superiority of a country or business to produce a particular good better. Comparative advantage introduces opportunity cost as a factor for analysis in choosing between different options for production diversification.

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In what commodities does the Philippines has comparative advantage?

Although the Philippines have a comparative advantage in rice production, exports were unprofitable for the government-marketing agency in 1977 to 1979. Government control of exports puts a barrier between world and domestic markets so that world quality premiums are not reflected in domestic prices.

How do absolute advantage and comparative advantage relate to each other?

Comparative advantage is contrasted with absolute advantage. Absolute advantage refers to the ability to produce more or better goods and services than somebody else. Comparative advantage refers to the ability to produce goods and services at a lower opportunity cost, not necessarily at a greater volume or quality.