Tuesday, November 18, 2008


One of the three factors that wouldn’t let the Philippines to revive is its poor economy. According to the National Statistical Board (NSCB), the latest poverty survey proved that the population of poor people increases since they grew from 23.8 million in 2003 to 27.6 million in 2006 and at the same time 2.7% of the average family income fell. One out of every three Filipinos is poor and there are a lot of Filipinos consider them poor. Alessandro Magnoli Bocchi, the World Bank’s senior economist for East Asian and Pacific Region, has noted that the country is experiencing a slowdown in export growth. The poor people experience poverty a lot more while the rich people continue their luxurious life since there are a lot of structural imbalances in the local economy since high population growth leads to unequal distribution of resources. According to the Philippine Institute of Development Studies, 60% of Philippines’ economic projects, including the 15 billion from overseas workers remittances’ are informal so even as the economy grows, the country’s deprived masses just get poorer.

Sources: http://www.manilatimes.net/national/2008/mar/26/yehey/metro/20080326met1.ht



imarockstarr08 said...

okay this is such a sad revelation! i think improvement starts within and not anywhere else. those less fortunate should definitely learn how to look for jobs and not just wait for the government to give them benefits and stuff. i think that if they made a huge effort to look for a job and not just beg on the street then they would in some way have income to live on. if a poor man dies a poor man it is their fault not anybody else since they could have had a job that n some way paved the way for their success right? :)

Mr.Wong said...

the government should really take an action to this. for me they should first approve the reproductive bill so that people will use contraceptives to lessen production of kids that will result to more poverty in the Philippines.

blood type O said...

I think that the government should also focus on and educating the poor because for me, education is a key factor in fighting poverty. Without education these underprivileged people will not be able to get jobs. But with education, they will have a better chance of getting jobs. With education they will be able to learn and know more things and perhaps be motivated to strive.

In some countries of Europe, their government offers free elementary education to families who could not afford to send their children to school. Plus, they don't require children to wear uniforms. This way parents will only have to spend on books and other school supplies. I think that this system is great and our government should somehow try to adapt it. This could be one of the good steps in addressing poverty.