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Foreign trade significantly impacts the Philippine economy by driving economic growth, creating jobs, and enhancing access to goods and services. Exports contribute to national income, while imports provide essential resources and technologies that support local industries. Additionally, trade fosters foreign investment and strengthens international relations, which can lead to further economic opportunities. However, reliance on trade can also expose the economy to global market fluctuations and external shocks.
What else can I help you with?
What type of economy does Philippine have?
free trade
What is the absolute advantage of trade in Philippine economy?
An absolute advantage is when trading only occurs between one or two parties. This is common in the Philippine economy since most industries are monopolistic.
How did high tariffs damage the US economy?
By angering foreign trade partners
How did the high tariffs damage the US Economy?
By angering foreign trade partners
How did high tariffs damage the use economy?
By angering foreign trade partners
What type of economy does Philippine have?
free trade
How did foreign affect Ming china?
How did foreign trade affect Ming china
How did the tariffs damage the U.S economy?
By angering foreign trade partners- apex
What is the absolute advantage of trade in Philippine economy?
An absolute advantage is when trading only occurs between one or two parties. This is common in the Philippine economy since most industries are monopolistic.
What type of economy does Peru live in?
Peru has a market-based economy heavily influenced by foreign trade.
How did trade affect constantinople?
Trade affected Constantinople by increasing foreign affairs. Constantinople began to grow in industry once foreign trade was established.
Why does the us government promote foreign trade?
because he/she wants boost the economy
How did high tariffs damage the US economy?
By angering foreign trade partners
How did the high tariffs damage the US Economy?
By angering foreign trade partners
How did high tariffs damage the use economy?
By angering foreign trade partners
How high did tariffs damage the us economy?
By angering foreign trade partners
How did high tariff damage the us economy?
By angering foreign trade partners
