02-02-2008, 03:16 AM
NiX Wrote:Anyway, to get back on to the actual topic: Whichever way it goes for the US, the Philippines will definitely be affected, as a very large chunk of our goods and services are also exported to the US. US goes up, we won't necessarily go up. -_- But if US goes down, we'll definitely feel the pain.
Don't be so pessimistic! All the Philippines has to do is diversify export markets, or make itself more attractive to foreign investors who would otherwise have invested in the US or other developed countries. It could also raise the manufacturing standards of staple exports. The Philippines has always had potential, unlike its politicians. It could also do the usual tactic, but export its people to be domestic helpers in countries other than the US.
