ecomomics power point

8/3/2019 Ecomomics Power Point

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a.) teamwork fosters

productivityb.) people develop expertise in

particular jobs


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The process of exchange gives

direction and control to the market.


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APEC is the premiere forum for

facilitating economic growth,cooperation, trade and investmentin the Asia-Pacific Region


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WTO, also known as World TradeOrganization, is the succession of the

GATT and it is the only internationalorganization dealing with global ruleson trade between nations.


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United States of America Japan

Singapore Taiwan Hong Kong Germany

South Korea Saudi Arabia Malaysia Netherlands


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Nature of Philippine Foreign Trade The Philippines, operating an

open economy, is linked to the

rest of the world via export andimports.


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History reveals that after the second

World War, Philippines imports weremostly finished products since we hadnot yet developed our capability tomanufacture.

The structure of Philippine foreigntrade is characterized as one wherethe composition of products traded

and their destination or sources haveremained fairly stable during theperiod after independence.


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Philippines Trade, Exports andImports Since 1980s, the Philippines have opened

their economy to foreign markets, andestablished a network of

free trade agreements with severalcountries. The United States is one of thePhilippines top trading partner. In 2010,according to US Department ofCommerce

dad, trade between the Philippines and USamounts to US$15.4 billion. US is also thePhilippines largest foreign investor, withforeign direct investment close to US$6

billion at the end of 2009.


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Underthe new Aquino administration,

the government plans to openup the country to more foreigninvestment in industries such as

business processing operations,mining and tourism. However,this move may be hindered by

restrictions such a prohibitionofforeign ownership of land andpublic utilities.


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Year Total Trade Exports ImportsBalance of Trade Favorable

(Unfavorable)

2010 106,134.00 51,432.00 54,702.00 (3,270.00)

2009 81,527.00 38,436.00 43,092.00 (4,656.00)

2008 105,824.00 49,078.00 56,746.00 (7,669.00)2007 105,980.00 50,466.00 55,514.00 (5,048.00)

2006 99,183.79 47,410.12 51,773.68 (4,363.57)

2005 88,672.86 41,254.68 47,418.18 (6,163.50)

2004 83,719.73 39,680.52 44,039.21 (4,358.69)

2003 76,701.72 36,231.21 40,470.51 (4,239.30)

2002/r 74,444.67 35,208.16 39,236.51 (4,028.35)

2001/r 65,207.36 32,150.20 33,057.16 (906.96)

2000 72,569.12 38,078.25 34,490.87 3,587.381999 65,779.35 35,036.89 30,741.46 4,294.43

1998 59,156.64 29,496.75 29,659.89 (163.14)

1997 61,161.52 25,227.70 35,933.82 (10,706.12)

1996 52,969.48 20,542.55 32,426.93 (11,884.38)

1995 43,984.81 17,447.19 26,537.63 (9,090.44)

1994 34,815.46 13,482.90 21,332.57 (7,849.67)

1993 28,972.21 11,374.81 17,597.40 (6,222.59)

1992 24,343.24 9,824.31 14,518.93 (4,694.62)

1991 20,890.88 8,839.51 12,051.36 (3,211.85)

1990 20,392.19 8,186.03 12,206.16 (4,020.13)

Foreign Trade of the Philippines1990 to 2010

(F.O.B. value in million U.S. dollars)


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Import it is when merchandise

is shipped INTO the country

Export it is when merchandiseis shipped OUT the country


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GAINERS LOSERS

Sugar ** Electronic Products -34.5

Cathodes and Sections of

Cathodes, of Refined Copper80.8 Coconut Oil -26.1

Gold 31.1 Metal Components -25.8

Woodcrafts and Furniture 29.6Other Products Manufacturedfrom Materials Imported onConsignment Basis

-21.7

Ignition Wiring Set and Other

Wiring Sets Used in Vehicles,Aircrafts and Ships

9.3Articles of Apparel and

Clothing Accessories-5.4


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GAINERS LOSERS

Cereals and CerealPreparations

68.2 Electronic Products -19.9

Iron and Steel 38.6Organic and InorganicChemicals

-14.6

Mineral Fuels, Lubricantsand Related Materials

28.4 Transport Equipment -9.1

Industrial Machinery andEquipment

13.4

TelecommunicationEquipment and ElectricalMachinery

-3.2

Medicinal andPharmaceutical Products

9.1

Plastics in Primary andNon-Primary Forms

2.2


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