The Philippines has a status of an emerging economy. In recent years, the country has been steadily growing mainly due to inflow of foreign direct investment and remittances. The country also has a strong industrial sector based on the manufacturing of electronics and other high-tech components for overseas corporations.
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Answer:
The Philippines has a status of an emerging economy. In recent years, the country has been steadily growing mainly due to inflow of foreign direct investment and remittances. The country also has a strong industrial sector based on the manufacturing of electronics and other high-tech components for overseas corporations.
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