Leveraging Service Sector Growth in the Philippines

Arbeitspapier

The Philippines is often referred to as a country from which export of services rather than manufactured goods is the principal engine for economic growth, as the share of the service sector in gross domestic product has exceeded that of the industry sector since the mid-1980s. Three major opportunities for leveraging service sector growth stands out. One is expanding the scale and scope of the export and domestic markets for information technology-business process outsourcing and other modern services in urban areas. Second is expanding tourism to foster economic development across social groups and regions including poor and remote rural areas. Third is enhancing the domestic prospects for Filipino technical, managerial, and entrepreneurial talent so they will work in the Philippines rather than overseas. To take advantage of those opportunities, there is a need for concerted efforts to improve infrastructure; logistics; broadband connections; the power supply; and education, healthcare, financial, legal, and public administration services and more generally the overall business environment for foreign investors and local entrepreneurs.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: ADB Economics Working Paper Series ; No. 366

Classification and Topics

• Classification: Wirtschaft ; International Migration ; Industry Studies: Services: General ; Industrialization; Manufacturing and Service Industries; Choice of Technology
• Subject: services ; growth ; Philippines ; Asia ; business process outsourcing ; information technology ; migration ; diaspora ; tourism ; innovation ; knowledge economy

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Mitra, Raja Mikael
• Event: Veröffentlichung
• (who): Asian Development Bank (ADB)
• (where): Manila
• (when): 2013

Further information

• Handle: http://hdl.handle.net/10419/109482
• Last update: 10.03.2025, 11:42 AM CET