Publications

DP 2016-46Why Manufacturing Resurgence Will Mean More Services, Not Less
Serafica, Ramonette B.

Services are critical inputs in manufacturing production, and this is likely to intensify with the advent of new technologies. Based on the trade in value-added data of the Organisation for Economic Co-operation and Development, the share of services embodied in Philippine manufacturing exports is among the lowest in the region. Moreover, value added from "ICT services" and "Other business services" seem inadequate compared to patterns observed in other countries, while the share of "Wholesale and retail services" is significantly high. To sustain manufacturing resurgence, reliable, good quality, and affordable services are essential. Thus, the government should vigorously undertake structural reforms particularly in services needed by producers and exporters. Improving the regulatory regime for services trade is especially crucial to enable manufacturing firms to participate and move up global value chains.

keywords:Philippines, services, global value chains, manufacturing, trade, value added, wholesale, retail
Download PDF copy

Search by Year:


DP # Title
DP 2017-03Evaluation of the Registry Service for Basic Sectors in Agriculture
DP 2017-02Agricultural Insurance Program: Lessons from Different Country Experiences
DP 2017-01Opportunities for Strengthening Agriculture Insurance Programs: Philippine Crop Insurance Corporation and LGU Partnerships
		
		
Download PDF copy