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Questions and Answers
What is one of the main contributions of the Philippines' participation in international organizations like WTO and APEC to the economy?
What is one of the main contributions of the Philippines' participation in international organizations like WTO and APEC to the economy?
- Reduced quality of life for Filipinos
- Decrease in job opportunities and businesses
- Access to more technology, products, and services from around the world (correct)
- Isolation from global trade networks
How does the cooperation within APEC and WTO benefit developing countries like the Philippines?
How does the cooperation within APEC and WTO benefit developing countries like the Philippines?
- Reduces access to technology and innovations
- Helps them compete globally and improve quality of life (correct)
- Creates barriers for business growth
- Leads to economic isolation
What is a key advantage for the Philippines in engaging in trade with countries that have mutual benefits?
What is a key advantage for the Philippines in engaging in trade with countries that have mutual benefits?
- Increased poverty rates
- Less access to global markets
- Isolation from international trade
- Mutual economic growth (correct)
How does participation in international organizations like WTO and APEC affect the Philippines' ability to compete globally?
How does participation in international organizations like WTO and APEC affect the Philippines' ability to compete globally?
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What is one way in which engagement in APEC and WTO can positively impact the Filipino population?
What is one way in which engagement in APEC and WTO can positively impact the Filipino population?
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