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The General Agreement on Tariffs and Trade (GATT) has significantly influenced the Philippine economy by promoting trade liberalization and reducing tariffs, which has encouraged exports and foreign investment. This increased access to international markets has supported the growth of various sectors, such as agriculture and manufacturing. However, it has also exposed local industries to foreign competition, which can challenge domestic producers. Overall, GATT has played a crucial role in integrating the Philippines into the global economy.
What else can I help you with?
What type of economy does Philippine have?
free trade
Who are said to be the backbone of Philippine economy?
Gloria
Is the Philippine economy dependent on agriculture?
yes
What are the major changes in Philippine economy over the last two decades?
discuss the major changes in the philippine economy over the last two decades
What is the importance of Filipino seafarers in the Philippine economic development?
seafarers are the new blood of philippine economy ....
Is filipino values affects philippine economy?
..for my own opinion, ..it doesn't affect the Philippine economy, because Filipinos are trying to be deserving in helping the poorest Philippine economy..Philippine economy can be affected if there will no outcome will be happened that would brought Philippine economy to down...
What is GATT mainly concerned with?
GATT was an attempt by nations to expand free trade and coordinate a world economy.
How does the Philippine sports affect the economy of the Philippines?
The Philippine sports are part of the Philippine Tourism. When Philippine sports are known to other countries, this brings new investors in the country and ultimately contrbiutes to the upliftment of the economy in general opening newer jobs and more opportunities for the Filipino people.
What were the advantages and disadvantages of gatt?
advantages and disadvantages of GATT in the philippine economy.ADVANTAGES IN THE PHILIPPINE ECONOMY:-Cheap labor-Few environmental and labor regulations-Reduced individual competition and helped globalization-Lowers the prices of goods because tax and tariffs are not that stiff for member countries-It helps trade to flow smoothly-It deals with disputes over tradeDISADVANTAGES IN THE PHILIPPINE ECONOMY:-Low skill workforce-Questionable legal enforcement-Rules are not fair-The WTO has too much power compared with other international organizations. The decisions that it makes take precedence over agreements on the environment and international law, for example
'How does the Philippines sports affect the economy of the Philippines?
The Philippine sports are part of the Philippine Tourism. When Philippine sports are known to other countries, this brings new investors in the country and ultimately contrbiutes to the upliftment of the economy in general opening newer jobs and more opportunities for the Filipino people.
What is the economy of the Philippine after the world war 2?
The Philippine economy surged upwards with the reconstruction and growth of US military bases in the country.
How can you improve Philippine economy?
Improving the Philippine economy is contingent on industrialization and privatization of those industries. Outside investment is absolutely essential to this improvement.
What type of economy does Philippine have?
free trade
Who are said to be the backbone of Philippine economy?
Gloria
Is the Philippine economy dependent on agriculture?
yes
What are the major changes in Philippine economy over the last two decades?
discuss the major changes in the philippine economy over the last two decades
What is the importance of Filipino seafarers in the Philippine economic development?
seafarers are the new blood of philippine economy ....
