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Leveraging Service Sector Growth in the Philippines

Author

Listed:
  • Mitra, Raja Mikael

    (Asian Development Bank)

Abstract
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.

Suggested Citation

  • Mitra, Raja Mikael, 2013. "Leveraging Service Sector Growth in the Philippines," ADB Economics Working Paper Series 366, Asian Development Bank.
    • Handle: RePEc:ris:adbewp:0366
    Note: http://www.adb.org/sites/default/files/pub/2013/ewp-366.pdf
    as

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    File URL: https://www.adb.org/publications/leveraging-service-sector-growth-philippines
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    References listed on IDEAS

    as
    1. Ghani, Ejaz & Kharas, Homi, 2010. "The Service Revolution," World Bank - Economic Premise, The World Bank, issue 14, pages 1-5, May.
    2. Shaohua Chen & Martin Ravallion, 2010. "The Developing World is Poorer than We Thought, But No Less Successful in the Fight Against Poverty," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 125(4), pages 1577-1625.
    3. Ghani, Ejaz (ed.), 2010. "The Service Revolution in South Asia," OUP Catalogue, Oxford University Press, number 9780198065111.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. del Prado, Fatima, 2015. "The BPO Challenge: Leveraging Capabilities, Creating Opportunities," Research Paper Series DP 2015-36, Philippine Institute for Development Studies.
    2. Snober Fazal & Muhammad Azhar Bhatti & Tusawar Iftikhar Ahmad, 2019. "Sectorial growth, Exchange rate and Fiscal policy in Developing Economies: The Interlinkages," iRASD Journal of Economics, International Research Alliance for Sustainable Development (iRASD), vol. 1(2), pages 68-81, December.
    3. Jana Maria Kleibert, 2015. "Islands of globalisation: Offshore Services and the Changing Spatial Divisions of Labour," Environment and Planning A, , vol. 47(4), pages 884-902, April.
    4. Jana Maria Kleibert, 2016. "Global Production Networks, Offshore Services and the Branch-Plant Syndrome," Regional Studies, Taylor & Francis Journals, vol. 50(12), pages 1995-2009, December.
    5. Massa, Isabella, 2015. "Technological change in developing countries: Trade-offs between economic, social, and environmental sustainability," MERIT Working Papers 2015-051, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
    6. del Prado, Fatima, 2015. "The BPO Challenge: Leveraging Capabilities, Creating Opportunities," Discussion Papers DP 2015-36, Philippine Institute for Development Studies.

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    More about this item

    Keywords

    services; growth; Philippines; Asia; business process outsourcing; information technology; migration; diaspora; tourism; innovation; knowledge economy;
    All these keywords.

    JEL classification:

    • F22 - International Economics - - International Factor Movements and International Business - - - International Migration
    • L80 - Industrial Organization - - Industry Studies: Services - - - General
    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology

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