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The Philippines is located in South East Asia and the Philippines economy has been industrialized in the recent times. In terms of the purchasing power parity it ranked 24th according to the World Bank. The sectors that are of key importance in the Philippines Economy are agriculture, industry and mining each of which can be detailed under the following heads; Agricultural sector contributes about 17.1% of the GDP, Industrial Sector contributes 18.1% in the GDP. “The Gross Domestic product (GDP) for 2004 was $84.2 billion. The per capita gross domestic product was $976. At constant 1985 prices and current prices in million PHP (Pesos).” (http://www.economywatch.com/world_economy/philippines/) The Philippines is a newly industrialized country in South-East Asia and it is progressing nicely because of its agricultural and industrial sectors.
The Philippines currently hosts the International Rice Research Institute (IRRI), which studies high yielding rice varieties. It has played......

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Approximate Word Count: 622
Approximate Pages: 3 (250 words per double-spaced page)

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