Competitive services are necessary for inclusive growth. Services not only directly contribute to jobs creation and value added in the economy but affect the performance of other sectors through critical intersectoral linkages. Improving the competitiveness of all services is thus essential to transform the economy and achieve broad-based growth. However, there are still vast opportunities left untapped to fully exploit its role in the economy. This Policy Note explains why a Philippine services strategy is essential to maximize the sector`s potential in contributing to the attainment of inclusive growth.
See also: PIDS Discussion Paper Series No. 2014-22.