Question
With strong economic growth, an expanding population and an increasingly sophisticated internal market, the Philippines is one of Asia Pacific's brightest investment opportunities. Concerted efforts
With strong economic growth, an expanding population and an increasingly sophisticated internal market, the Philippines is one of Asia Pacific's brightest investment opportunities. Concerted efforts to reform taxes, improve the ease of doing business and shore up capital markets are under way, while inflation is back under control and a major program of infrastructure development is accelerating. Meanwhile, structural reforms are continuing and significant shifts are being undertaken in key areas such as fuel subsidies and rice imports. What is absolute and comparative advantage in macroeconomics? Explain using samples /
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