Emerging Asia Case Study
I. Title
Emerging Asia: Is the Philippines Part of the Miracle?
II. Statement of the Problem
Ever since the Philippines was considered as the “Sick Man of Asia”, the country was on the process of healing its economy. The rapid economic growth marked a phenomenon that transformed the country into a dynamic and emerging market which is now referred as the “Asia’s Bright Spot” or the “New Asian Tiger”. Whether or not the process of the Philippine economic transformation is considered as part of the wonders of Asia, the huge turnaround made the country emerge as one of the developing countries in Asia.
III. Background
The Philippine economic transformation revitalized the sick man of Asia into a healthy and abundant country that is eying high, gearing towards economic prosperity. The wonders that orchestrated the big turnaround may be described in layman’s term as the “reversal of fortune” wherein from “dead last” into a rapid economic growth performance.
The huge turnaround is what makes this positive responsive performance looks like wonders in the eyes of international investors by which the country has the great potential for right investments.
By revisiting the Philippine economic history, before the country became a
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