What could the Philippine government do to increase export? What does a low saving rate imply about the future prospects of the Philippine economy? Evaluate the following statement: To achieve economic growth, an economy requires lots of resources, including land, and low rate of population growth. With trade deficits come foreign capital inflows into the Philippines that is, investment in the Philippine plant and equipment by foreigners. In the long run, is this good or had, economically, for the Philippines