The Philippines has long been a country with a struggling economy. Ever since World War II, they have struggled to have a steady government and labor system. Independence did not bring any social changes to the country. The hacienda system still persists in the country, where large estates are farmed by sharecroppers. More the half the population are peasants and 20 percent of the population owns 60 percent of the land. Although the sharecropper is supposed to receive half of the harvest, most of the peasant's actual income goes to paying off debts to the landowner. Poverty and conflict strained the industrial growth of the country with many Presidents trying to fix the problems, but failing to do so. Factors that have faced the country are there is almost 9 percent unemployment, and the country suffers from the consequences of a balance of trade deficit. With the resources that the Philippines have, they are capable of pulling themselves out of the economical hole they are in and being up to par with their successful neighboring countries.
The Philippines were first discovered by Ferdinand Magellan in 1521. It then became a colony of Spain from the late 1500's until the end of the19th century when the United States came intervened. The colonial rule of the Spanish ended in December 1898 after the United States intervened due to a popular rebellion that had broken out two years earlier. Under the United States colonial rule, democratic institutions were introduced, and the Filipinos took over all the political and bureaucratic positions. In 1934 the Philippines became an internally self governing commonwealth, with full independence from the United States scheduled for July 4, 1946. The independent republic mainta...
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...active to investors to build more hotels, and island destinations. There is potential for this country to move forward and no longer be a third world country, it just needs to tap into its resources to make a difference.
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Lim, Joseph Y. and Montes, Manuel F. "The Structure of Employment and Structural Adjustment in the Philippines." Journal of Development Studies v.36
The Philippines Columbia Encyclopedia 6 Dec. 2004 http://www.encyclopedia.com/html/section/philiprep_history.asp
Philippines: Country Profile 2004 1 Dec. 2004 The Economist Intelligence Unit Limited 2004 15 Dec. 2004 www.eiu.com
The United States of America accompanied the Philippines to fight for the independence from Spain. Spain colonized the Philippines for 333 years. Without the assistance of the United States of America the Philippines will still be under Spain without freedom. Even though United States of America aided the Philippines, the United States shouldn’t have annexed the Philippines.
Spain occupied the Philippines for 300 years and did help the Filipino besides make them Christian. When the opportunity to get rid of Spain the Filipino people decided to help the United States defeat the Spaniards for freedom. Emilio Aguinaldo asks then why did the United States come to the Philippines to get rid of one oppressor to become another. Beveridge’s largest oppositions in the United States were the leaders of business and commerce within the United States.
... Americans built roads, schools, bridges, and sewers. Filipino self- rule had gradually increased and finally declared their independence on July 4, 1946. However, compared to Cuba and Puerto Rico, American rule has a lesser impact on the Philippine economy. The United States invaded Cuba, Puerto Rico and the Philippines not to gain wealth, but for the purpose of getting trades.
The United States finished fighting for Cuba’s independence from Spain, and then turn and take control over the Philippines attempting to civilize them and force them into a more Americanized lifestyle. America’s rule was worse then Spain's in many aspects. In the short 48 years the U.S. Annex the Philippines over 1.5 million Filipinos died, far less died in the 300 year Spanish rule. Furthermore, the United States tried to justify the annexation because they helped educate them, however if they were able to read the Philippines could accuse America of hypocrisy against our own Constitution and Declaration of Independence. The Constitution stating, "all men are by nature equally free and independent, and have certain inherent rights of which . . .
According to the Commission on Filipinos Overseas an estimated 10% of the Philippine population or around 9 million or so people are living or working overseas as temporary workers. Based on research that has been conducted between 2000-2008, there is an estimated 1.3 million workers in the United States in which 70% are women, most of whom are mothers who have left 9 million children, under the age of 18, behind (Commission on Filipinos Overseas).
The number of people working in Indonesia is more than any other ASEAN country. Also,it is expected to grow until 2035 which will help to increase Indonesia’s per capita income too. As the working class increases target market expands.This evidence
Harold A. Crouch. 1985. Economic change social structure and political systems in Southeast Asia: Philippine development compared with the other Asian countries. Institute of southeast Asian studies
Over the years, the Philippines has gone from being one of the richest countries in Asia to being one of the poorest. It has experienced growth and development since World War II. The current administration under President Gloria Macapagal-Arroyo is aiming for a more rapid growth in the coming years. In 2004, the Philippine economy grew by 6.1% surprising everyone. In 2005, the Philippine peso appreciated by 6%, the fastest in the Asian region for that year. At present, the administration is meeting its expected target growth and is continually looking positive for the future.
In 1521, Magellan claimed the land for Spain, but was killed by local chiefs who did not want Spain’s inhabitance. However, the Spanish returned in 1543 and named the land Filipinas after King Philip II. Spain soon after began their control. At the time of the Spanish American War the colonial government in the Philippines was administered by a Governor-General selected in Spain. The Philippine islands were used to reward the king’s favorites who could return home enormous fortunes from natives and foreign immigrants via a system of taxation that savored of blackmail and confiscation. The Governor-General had a cabinet composed of the Archbishop of Manila, the Captain-General of the army and the Admiral of the navy stationed in the colonies. The administrative power lay with the Governor-General and the Archbishop, and the religious orders of the Spanish Catholic Church were the practical controllers.
In this essay, I will be talking about how the changes in demographic characteristics of Indonesia over the past 10 years can affect its economy in terms of unemployment, GDP (Gross Domestic Product), and poverty. Unemployment is an economic condition marked by the fact that individuals seeking jobs but remained unhired. A country's GDP is the total market value of all final goods and services produced in a country. Poverty is when the income of people is below the GNP (Gross National Product) per capita of a country with scarcity of means and subsistence.
In the case of Indonesia, Indonesia economy experience the Stage of Development when Indonesia lead by President Soeharto. Soeharto make Rostow theory as the foundation of his long term development plan. This long term plan was conducted every five years, it is called Pelita.In Pelita I which occurs between 1969-1974, Soeharto target is to raise Indonesia agricultural and food production. Based on Rostow view at this time Indonesia economy is at the traditional society stage, because many agriculture industry born in here, also people still farm with traditional way. In Pelita II 1974-1979, the growth still little, but it can bee seen that time Indonesia economy is on transtition to evolve to pre take off stage and to the take off stage. Indonesia economy f...
In order for any country to survive in comparison to another developed country they must be able to grow and sustain a healthy and flourishing economy. This paper is designed to give a detailed insight of economic growth and the sectors that influence economic growth. Economic growth in a country is essential to the reduction of poverty, without such reduction; poverty would continue to increase therefore economic growth is inevitable. Through economic growth, it is also an aid in the reduction of the unemployment rate and it also helps to reduce the budget deficit of the government. Economic growth can also encourage better living standards for all it is citizens because with economic growth there are improvements in the public sectors, educational and healthcare facilities. Through economic growth social spending can also be increased without an increase of taxes.
The tropics are effect by many weather conditions which makes the jobs of farmers difficult. Overall subsistence and the GNP are effected by changes in weather, which for the most part is not always predictable. In a world that is divided up into the haves and the have nots, government influence is crucial in regulating practices and the overall distribution of wealth Despite this fact, programs implemented did not always succeed in benefitting the Filipinos. One major attribute of the Philippines is the wide variety of crops produced in this region. Crops which many not be able to grow during the rainy season may grow during in the period of December - May when there is little rainfall (and vice versa).
As previously stated, the Philippines is an agricultural country. One of its main products is rice, which makes it economically important. Rice can be seen everywhere sold in the different types of markets whether it is small or big. For many farmers, it is their only source of income. The demand for this commodity is not only for a certain social class, but for everyone. It is also exported to other countries in the world economy. However, the Philippines does not have enough land resources to plant and provide rice crops for the people compared to other major rice producing countries in Asia so it still remains to be a rice dependent country. Infrastructure like irri...
The Philippine islands are located in Southeastern Asia, between the Philippine Sea and the South China Sea, east of Vietnam. The country is made up of about 7000 islands, only 2000 of those islands are inhabited. The population of the country includes about 84,619,974 people. The people of this country are all very close to their families. They work together to make the income that their family needs to survive. Sometimes th...