the filipino opportunity
DESCRIPTION
Today their are over 100MM Filipino people. But more important than this gross number is the age of the population, over 53% of the Filipino population is under the age of 25! That's over 56 million people who have just entered or will be entering the workforce in the next two decades. This is called a Demographic Dividend. It describes a period of time where the percentage of people of working age, will be far, far larger than retired people. It is a HUGE opportunity for the Philippines that turn the Philippines into a global economic powerhouse in the next 50 years. If it isn't squandered. Today the Philippines graduates over 450,000 college graduates each year. From the perspective of international business, one of the Philippines biggest advantages is that almost everyone speaks English. In fact the Philippines has the 5th largest English speaking population in the world, with over 75 million English speakers. While India and Pakistan have more English speakers, they find it more challenging to compete in international business because of heavy accents. The neutral Filipino English accent is a huge advantage for doing business on a global scale. One of the things that I think the Philippines does better than any other country is Service. From the restaurants and hotels, to the call centers, Filipino service is completely unrivaled by the United States, Europe and the rest of the world.TRANSCRIPT
