Composition By Sector
As a newly industrialized country, the Philippines is still an economy with a large agricultural sector; however, services have come to dominate the economy. Much of the industrial sector is based on processing and assembly operations in the manufacturing of electronics and other high-tech components, usually from foreign multinational corporations.
Filipinos who go aboard to work–-known as Overseas Filipino Workers or OFWs—are a significant contributor to the economy but are not reflected in the below sectoral discussion of the domestic economy.
Read more about this topic: Economy Of The Philippines
Famous quotes containing the word composition:
“It is my PRIDE, my damn’d, native, unconquerable Pride, that plunges me into Distraction. You must know that 19-20th of my Composition is Pride. I must either live a Slave, a Servant; to have no Will of my own, no Sentiments of my own which I may freely declare as such;Mor DIE—perplexing alternative!”
—Thomas Chatterton (1752–1770)