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Philippines Economy Overview

Flag of Philippines
Economic Environment : Slower economic growth due to spillover effects of East Asia’s economic crisis. Economic reforms by the government includes improving infrastructure, overhauling the tax system to bolster government revenues, and moving toward further deregulation and privatisation of the economy :
Industries : Agriculture, lumbering, marine fishing and mining are important industries. The production and repair of motor vehicles is also an important industry
Infrastructure : The government lacks sufficient financial resources to implement fundamental infrastructural needs. International services are adequate.