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The Economy of the Philippines is the 35th largest in the world, according to
2013 International Monetary Fund statistics, and is also one of the emerging markets in
the world. The Philippines is considered as a newly industrialized country, which has
been transitioning from being one based on agriculture to one based more on services
and manufacturing. According to the World Bank ICP 2011, the estimated 2011 GDP
(purchasing power parity) was $543.7 billion. Goldman Sachs estimates that by the year
2050, the Philippines will be the 14th largest economy in the world, Goldman Sachs
also included the Philippines in its list of the Next Eleven economies. According to
HSBC, the Philippine economy will become the 16th largest economy in the world, 5th
largest economy in Asia and the largest economy in the Southeast Asian region by
2050.
Primary exports include semiconductors and electronic products, transport
equipment, garments, copper products, petroleum products, coconut oil, and fruits.
Major trading partners include the United States, Japan, China, Singapore, South
Korea, the Netherlands, Hong Kong, Germany, Taiwan, and Thailand. The Philippines
has been named as one of the Tiger Cub Economies together with Indonesia, Malaysia
and Thailand. It is currently one of Asia's fastest growing economies. However, major
problems remain, mainly having to do with alleviating the wide income and growth
disparities between the country's different regions and socioeconomic classes, reducing
corruption, and investing in the infrastructure necessary to ensure future growth.
The Philippine economy has been growing steadily over decades and the
International Monetary Fund in 2011 reported it as the 45th largest economy in the
world. However its growth has been behind that of many of its Asian neighbors, the socalled Asian Tigers, and it is not a part of the Group of 20 nations. Instead it is open
grouped in a second tier of emerging markets or of newly industrialized countries.
Depending upon the analyst, this second tier can go by the name the Next Eleven or the
Tiger Cub Economies.
In the years 2012 and 2013, the Philippines posted high GDP growth rates,
reaching 6.8% in 2012 and 7.2% in 2013, the highest GDP growth rates in Asia for the
first two quarters of 2013, followed by China and Indonesia.
http://www.inquirer.net/specialfeatures/jobs/view.php?article=20100127-249795
Self evaluation:
The impromptu speech was nerve racking when I first learned what the
assignment for the day was going to be. But as I began to organize my thoughts after
choosing a topic (Unemployment), things started coming together. I was able to write up
a rough sketch very quickly, and keyed in on making sure I had a hook, and also some
humor. The thing that I can work on is definitely the delivery. I thought I did a good job
with my hook, because that is the part I spent the most time thinking of.
My punch out was weak, and I found myself scrambling for the right words to
express my thoughts. I did good with making eye contact however, and keeping
expression in my face and voice. Next time, I would make my rough sketch a little more
across the board, instead of spending so much time on my introduction. For me, I need
to have my specific points already thought of before I start speaking. This is where I
could improve.
Although my speech is lack in the props or presentation because I forgot it. I
need to deliver it no matter what happen. The show must go on even some fortuitous
event will happen.