Economy of the Philippines Essay | Essay

This student essay consists of approximately 7 pages of analysis of The Philippines.
This section contains 2,004 words
(approx. 7 pages at 300 words per page)
Buy the Student Essay on The Philippines: A Struggling Economy

The Philippines: A Struggling Economy

Summary: Despite all the resources this island nation has, the Philippines continues to have economic struggles, especially since the end of World War II. The Philippines is an economic "sleeping giant," because it has tremendous economic potential if its resources could be effectively tapped.
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...

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This section contains 2,004 words
(approx. 7 pages at 300 words per page)
Buy the Student Essay on The Philippines: A Struggling Economy
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