Duration:
Jan 03, 2022 to Dec 29, 2022
Funding Agency:
Philippine Institute for Development Studies
Focus Area(s):
Trade and Industry, and International Economy

In 2019, the United Nations Conference on Trade and Development, or UNCTAD, identified several key points about the digital economy. For instance, they noted that “the growing power of digital platforms has global implications” and that “countries must be ready to create and to capture digital value.” For the Philippines, the importance of electronic commerce (digital trade) in internationalizing Philippine MSMEs is manifested in the country’s active digital economy (the Philippines’ digital economy slightly grew from US$7.1 billion in 2019 to $7.5 billion in 2020), and the Philippines’ strong position as a net exporter of digitally-deliverable services (3.6% of 2019 GDP). This study will contribute to the acceleration of digital services trade by identifying key determinants and addressing domestic bottlenecks.

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