Stronger onshore conditions provide better offshore links Ladies and gentlemen, if you are wondering how inclusion, fintech and millennials relate to ASEAN financial integration, the connection is not complicated. To be able to compete in the broader offshore market of ASEAN, Philippine banks need to establish what their comparative advantages are onshore.
The first is a reallocation of resources toward security away from the production of other goods and services. The purchase of increased security by a firm shows up as an added expense of producing goods. That is, business costs increase without resulting in higher measured output. Costs associated with security definitely are rising noticeably.