Outsourcing Philippines, Remittances: Top Economic Drivers
SourceFit
FEBRUARY 9, 2015
Outsourcing Philippines or the offshore outsourcing industry in the Philippines and remittances from overseas Filipino workers remain the two main drivers of economic growth in the country. According to Rajiv Biswas, Chief Economist for consultancy firm IHS Asia-Pacific, the Philippines has transitioned into a tiger economy over the last 10 years, after several decades of weak growth, high levels of corruption and poor performance, among other challenges. .
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