The Rise of Collaborative Economy in the Philippines

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Collaborative economy is an emerging trend of consumption that allows peer-to-peer economic exchange particularly among the young and the urban. This Economic Issue of the Day provides an overview of collaborative economy as a new business phenomenon in the Philippines and explores the regulatory issues that come with its rise in the country. It urges the government to revisit its regulation mechanisms and explore how to integrate businesses arising from it into the broader economy and make them legitimate economic entities. The end goal should be to lay down a set of coherent and evidence-based policies to maximize the fruits of this emerging economy for the benefit of the Filipino people.