Enhancement and Deepening of the Competitiveness of the Philippine Electronics Industry Under a Bilateral Setting
Trade Working Papers from East Asian Bureau of Economic Research
The participation of the Philippines in the global production network of multinational electronic companies has undoubtedly shaped the pattern and structure of the countrys international trade since the early 1990s. While the industry has remained the largest foreign exchange earner for the country, the countrys participation in the global production network industry is confronted, for the longest time, with one major issue. That is, the country hardly progressed beyond the lowest level of the production chain - labor intensive and import dependent assembly and testing; and hence, the value added of the industry has remained small. The industry is competitive in 18 electronic products that accounted for about 86 percent of the industrys total exports. The government, however, needs to address the weaknesses and inadequacies of the local support structures that have constrained the ability of the country to move towards higher levels of the value chain in order to ensure that the global players currently operating in the country will remain and expand operations. Since the global production network is market-driven, negotiations under an RP-US Free Trade Area should be focused on trade and investment liberalization and facilitation in order to improve the functioning of the markets of both economies.
Keywords: international trade; global production networks; competitiveness; free trade agreements; local support structures; harmonization of standards; mutual recognition of procedures (search for similar items in EconPapers)
JEL-codes: F14 L63 P33 (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3) Track citations by RSS feed
Downloads: (external link)
Our link check indicates that this URL is bad, the error code is: 404 Not Found (http://www.eaber.org/node/22610 [301 Moved Permanently]--> https://www.eaber.org/node/22610 [301 Moved Permanently]--> https://eaber.org/node/22610)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:eab:tradew:22610
Access Statistics for this paper
More papers in Trade Working Papers from East Asian Bureau of Economic Research Contact information at EDIRC.
Bibliographic data for series maintained by Shiro Armstrong ().