Philippines

The Philippines, like India, has also been positioning itself in recent years as a manufacturing alternative to China. As part of this effort, between June 2016 and November 2019, the government "completed" 9,845 kilometers of roads, 2,709 bridges, 243 seaports, and 64 airports via its "Build, Build, Build" Infrastructure Plan (although the context of those numbers has been questioned). Numerous additional projects (of varying sizes) are ongoing or in the pipeline—which will create or result in even more avenues via which foreign firms can export or expand to the region. With a 98% literacy rate (in English), widespread access to high-speed internet, and comparatively low labor costs, the Philippines is an ideal location for business process outsourcing. In recognition of this fact, 16 of the world's "top" 20 offshore call center projects in 2016 chose to locate in the Philippines. In spite of its coronavirus epidemic, a low-intensity yet decades-long insurgency in its south, and its polarized politics, the Philippines remains a stable and "business-friendly" destination for foreign investors.

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