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Publication Detail
DRN 2005 Vol. XXIII No. 5-a: Services: Today's Most Prolific Industry

If agriculture has historically been the engine of economic growth of the Philippines, it looks like a new engine is driving it these days—services. Services is where the real growth is actually coming as this issue’s banner article discusses. Not only does it contribute significantly to economic output, it also creates millions of jobs. Services is also where substantial amounts of foreign direct investment are being poured in these days. Whether we are on the road to becoming the second India remains to be seen. But with our relatively developed infrastructure, cost advantage, and skills and creativity, many analysts say that we can even surpass the Indians.

Philippine Institute for Development Studies
Authors Keywords
Pasadilla, Gloria O.; services sector; trade in services; General Agreement on Trade in Services (GATS);
Download PDF Number of Downloads
Published in 2005 and available in the PIDS Library or Downloaded 509 times since November 25, 2011
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