The editorial entitled "Bright Economic Prospects in 2011" discussed how emerging industries such as information technology, business process outsourcing and the tourism sector are seen as having bright financial prospects for 2011 by the National Economic Development Authority. Call centers of business process outsourcing industries already total 788 in 20 key locations in the Philippines and employ around 350,000 young Filipinos.
Along with India, the Philippines has captured a substantial share of the global outsourcing market and is considered a hub for the call center (including medical transcriptions) and software development needs of giant multinational corporations from the United States, Europe, Middle East and Asia.
Source: http://www.guampdn.com/article/20110206/COMMUNITIES/102060304
Source: http://www.guampdn.com/article/20110206/COMMUNITIES/102060304
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