Abstract / Excerpt:
Our country is in the midst of a social and economic crisis. In the latest World Bank estimates, 19% of the Filipino are considered very poor. This means that 14.8 million Filipinos try to survive on less than an American Dollar (US $1.00) a day. Despite economic expansion, however, there has been no improvement in economic conditions. Poor people have not been reaping the fruits of economic expansion, thereby worsening inequality.
The Philippine situation validates the finding in the World Bank report that economic growth does not automatically lead to poverty reduction. Francois Bourguignon, World Bank Chief Economist and Senior Vice President for Development Economics. Other factors, according to the 2007 world development indicators include health care, education, and the business environment.
Full Text
Our country is in the midst of a social and economic crisis. In the latest World Bank estimates, 19% of the Filipino are considered very poor. This means that 14.8 million Filipinos try to survive on less than an American Dollar (US $1.00) a day. Despite economic expansion, however, there has been no improvement in economic conditions. Poor people have not been reaping the fruits of economic expansion, thereby worsening inequality.
The Philippine situation validates the finding in the World Bank report that economic growth does not automatically lead to poverty reduction. Francois Bourguignon, World Bank Chief Economist and Senior Vice President for Development Economics. Other factors, according to the 2007 world development indicators include health care, education, and the business environment.
Info
| Source Journal | Mindanao Law Journal |
| Journal Volume | Mindanao Law Journal Vol. 1 No. 1 |
| Authors | Abelardo L. Aportadera |
| Page Count | 3 |
| Place of Publication | Davao City |
| Original Publication Date | August 1, 2007 |
| Tags | Corruption, Poverty, State Capture |
Preview
Download the PDF file .