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The economy of the Philippines is an emerging market, and considered as a newly industrialized country in the Asia-Pacific region. [31] In 2025, the Philippine economy is estimated to be at ₱29.66 trillion ($507.6 billion), making it the world's 31st largest by nominal GDP and 11th largest in Asia according to the International Monetary Fund .
AmBisyon Natin 2040 (literally "Our Ambition 2040") is the twenty-five-year long term vision developed by the Philippine government as a guide for development planning. [1] [2] It is designed to overcome the challenges brought by the Philippines' current political system, which is bound to the limits of the country's six-year presidential terms. [3]
As prescribed by House Rules, the committee's jurisdiction is on the effects on various social sectors of the World Trade Organization's policies and other actions to harness opportunities offered by globalization for economic development. [1]
The Philippines and Armenia established bilateral relations in 1992. Foreign Minister Eduard Nalbandyan visited the Philippines in 2012, the highest government official of Armenia to ever visit the Philippines. [231] Armenia has an ambassador resident in Hanoi. [232] The Philippines has an ambassador resident in Moscow. [232] Austria: October ...
The economy saw continuous real GDP growth of at least 5% since 2012. The Philippine Stock Exchange index ended 2012 with 5,812.73 points a 32.95% growth from the 4,371.96-finish in 2011. [80] The Philippines achieved an investment grade rating for the first time in the first quarter of 2013.
A spokesperson at China's embassy in Manila said on April 18 that the two had agreed early this year to a "new model" in managing tensions at the Second Thomas Shoal, without elaborating.
Political globalization is the growth of the worldwide political system, both in size and complexity. That system includes national governments, their governmental and intergovernmental organizations as well as government-independent elements of global civil society such as international non-governmental organizations and social movement ...
Large cities in the Philippines such as Manila, Quezon City, Cebu, and Davao City see an increased risk from both climate change and globalization. [citation needed] Double exposure, infrastructure planning, and urban climate resilience in coastal megacities. For example, in addition to being one of the world's most vulnerable cities to climate ...