Extreme protectionism resulting in trade tensions between countries affect both producers and consumers. The ongoing tension between the United States and China, which has already escalated into a trade war, could benefit the Philippines and other ASEAN countries, according to some analysts. With electronics and electrical (E&E) equipment forming the foundation of the country’s export basket, the manufacturing sector stands to gain as the E&E industry is highly integrated into the global value chain. However, this opportunity is possible if the Philippines could attract foreign investments and businesses from the tariff-affected countries.
Know more about trade wars and other features of the New Globalization, and the opportunities they bring to the Philippines, during the 17th Development Policy Research Month (DPRM) celebration this September 2019 with the theme "Navigating the New Globalization: Local Actions for Global Challenges".
Visit the DPRM website here: https://dprm.pids.gov.ph
