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    "slug": "trade-deficit-worsened-as-fdi-increased",
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    "title": {
        "rendered": "Trade deficit worsened as FDI increased"
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        "rendered": "<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/www.ibon.org\/wp-content\/uploads\/2023\/03\/230323-fdi-vs-indicators-04-trade-deficit.png\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"4000\" height=\"4000\" src=\"https:\/\/www.ibon.org\/wp-content\/uploads\/2023\/03\/230323-fdi-vs-indicators-04-trade-deficit.png\" alt=\"\" class=\"wp-image-13799\" srcset=\"https:\/\/www.ibon.org\/wp-content\/uploads\/2023\/03\/230323-fdi-vs-indicators-04-trade-deficit.png 4000w, https:\/\/www.ibon.org\/wp-content\/uploads\/2023\/03\/230323-fdi-vs-indicators-04-trade-deficit-300x300.png 300w, https:\/\/www.ibon.org\/wp-content\/uploads\/2023\/03\/230323-fdi-vs-indicators-04-trade-deficit-1024x1024.png 1024w, https:\/\/www.ibon.org\/wp-content\/uploads\/2023\/03\/230323-fdi-vs-indicators-04-trade-deficit-150x150.png 150w, https:\/\/www.ibon.org\/wp-content\/uploads\/2023\/03\/230323-fdi-vs-indicators-04-trade-deficit-768x768.png 768w, https:\/\/www.ibon.org\/wp-content\/uploads\/2023\/03\/230323-fdi-vs-indicators-04-trade-deficit-1536x1536.png 1536w, https:\/\/www.ibon.org\/wp-content\/uploads\/2023\/03\/230323-fdi-vs-indicators-04-trade-deficit-2048x2048.png 2048w, https:\/\/www.ibon.org\/wp-content\/uploads\/2023\/03\/230323-fdi-vs-indicators-04-trade-deficit-1000x1000.png 1000w\" sizes=\"auto, (max-width: 4000px) 100vw, 4000px\" \/><\/a><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Charter change advocates hype FDI as a way to strengthen the economy, particularly the manufacturing sector. <a rel=\"noreferrer noopener\" href=\"https:\/\/www.ibon.org\/en\/fdi-ph-econ-chacha\/\" target=\"_blank\">Manufacturing already overwhelmingly dominates the country&#8217;s exports<\/a>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">However, in the absence of Filipino industrialization, FDI dominates domestic manufacturing. Foreign manufacturers and foreign investors in general have very low local content and their import-intensive operations are fueling the country&#8217;s trade deficit. This has widened over the years reaching a record US$43.5 billion in 2018.<\/p>",
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        "rendered": "<p>In the absence of Filipino industrialization, FDI dominates domestic manufacturing. Foreign manufacturers and foreign investors in general have very low local content and their import-intensive operations are fueling the country&#8217;s trade deficit. This has widened over the years reaching a record US$43.5 billion in 2018.<\/p>",
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