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- W51184044 abstract "Publisher Summary This chapter describes the Philippines economic profile. The Philippines external accounts have been a source of concern to officials, with a large negative trade balance causing the greatest worry. The overall balance of payments for 1977 registered a surplus for the first time in three years but is expected to deteriorate slightly in 1978 because of short-term loan repayments. To counter its terms of trade trends, the Philippines is attempting to diversify its export products and markets that until have made the country a price-taker. Exports largely have been concentrated in a few traditional products such as coconuts, sugar, logs, minerals, which in 1976, accounted for 67% of commodity export earnings. Nontraditional exports, which totaled 2% of exports in 1968, reached a 33% share in 1977, and will be 50% of the export total by 1980. The products include garments, electronic, and electrical goods, chemicals, cement, and wood manufactures. In 1977, manufactured exports grew 31% to 25% of the export total." @default.
- W51184044 created "2016-06-24" @default.
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- W51184044 date "1979-01-01" @default.
- W51184044 modified "2023-09-27" @default.
- W51184044 title "The Philippines: Land of the Morning, Child of Debt**The Philippines National Anthem begins, “Land of the morning, /Child of the sun returning.…”" @default.
- W51184044 doi "https://doi.org/10.1016/b978-0-08-023864-7.50011-8" @default.
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