Economics and Politics in the Philippines Research Paper

economicals and Politics in the Philippines - Research Paper ExampleThe establishment encourages more foreign investments in industries such as mining, tourism and business processing operations (Philippines Economic Statistics).The Bangko Sentral ng Pilipinas controls the foreign exchange market. It ensures orderly conditions in the foreign exchange market. Supply and demand train the exchange rates in the market and is consistent with the Governments regulations on market-oriented reforms and strategies of achieving competitiveness via impairment stability and efficiency (from Bangko Sentral ng Pilipinas).The Philippines has increase bilateral flock with many countries leading to increased trade volumes which increase economic growth. Its main trading partners are Japan 12.5%, United States 12%, China 8.8%, capital of Singapore 8.7%, South Korea 7.9% and Taiwan 5.7% (from ADB Annual Report 2010).The Philippine government has over the years implemented impose measures that inc rease government budget, lessening the budget deficit. This has led to increased control in foreign loans and meliorate repayment of foreign debts. Foreign investment has increased due to reduction of foreign debt thus resulting into increased economic growth (from Philippines Economic