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| Philippines - Tiger Economy |
Tiger Cub Economies
The Tiger Cub Economies consists of four countries,
Indonesia, Malaysia, Philippines and Thailand. The term Tiger Cub Economies
collectively refers to the economies of these four dominant countries in
Southeast Asia. Tiger Cub Economies are so named because they follow the same
export-driven model of economic development pursued by Hong Kong, Singapore,
South Korea and the Republic of China, which are collectively referred to as
the Four Asian Tigers. Young Tigers are referred to as “cubs”, the implication
being that the four newly industrialized countries who make up the Tiger Cub
Economies are rising Tigers. In fact, all four countries are included in HSBC’s
list of top 50 economies in 2050, while Indonesia and the Philippines are
included in Goldman Sachs’s Next Eleven list of economies because of their
rapid growth.
Other sources tell that the Philippine economy in the
last three months has 7.1 % economic growth, who is the fastest in the whole
South East Asia. This is the reason why Asian Development Bank (ADB) adjusted
their forecast for the ASEAN 5 (Indonesia, Malaysia, Thailand, Singapore and
Philippines) from 5.6 growth to 5.9 percent growth. According to their
statistics, in 2050, Indonesia will be on the 17th biggest economy
of the world, while the Philippines is on the 16th place.
According to HSBC economists, this is the forecast for
economies to 2050, the growth of China will become 622%, Canada 156%, US 93%,
and Japan is 28%. They are going slower and going down, while the Philippines
and Indonesia are going higher. One of the advantage of the two countries
according to reports is the population being younger and younger. Now, reports
are saying that in Europe and America the population is getting old, and they
cannot work anymore. The young workers of the Philippines and Indonesia
resulted to a bigger middle class domestic consumption. In the Philippines,
efforts against corruption have resulted to more investments coming in the
country. According to Asian Development Bank, our growth will continue in South
East Asia. Many opportunities is seen in the Philippines, by many investors
from abroad.
Pards! The challenge is, are we there to be able to
contribute for this energy to continue? It is time to be aware! And it is time
to wake-up! Pards! Let us join together, and make things happen! There are only
two kinds of people in this universe Pards! Either you are a part of the
Solution or you are a part of the Problem! Pards! You have a choice! And choose
well!
Photo Credit: http://www.philstar.com/headlines/2013/02/06/905371/philippines-asias-rising-tiger-world-bank Click the Link to See Philstar.com report!