Philippines

US defeated Spain in Cuba War
Phillipines under US after WW2
Problems
- After 1946: Politics Elections: every election there is chaos
- 2012: South China Sea Dispute
- 2016: War on Drug by President Rodrigo Duterte

Phillipines.Population

GDP growth falls every time there’s an election
- Because government spends on campaigning
- Building infrastructure, improving health care, education, and campaign for publicity
Key Events
- Asian Finanacial Crisis: 5% growth GDP to -0.5% growth
- Global Fianncial Crisis: not affected much but some
- National Election
- COVID-19 Pandemic
Stability
- Economic Freedom Score is 61.1: the freedom of people in using their wealth in society

How does Economic Freedom Score represent Economic Strength?

Main Sectors
- Service: biggest (61%)
- Agriculture: is small sector (8-15%)
- Manufacturing: 15%
Unemployment due to
- Low education of the poor
- Oversupply of labor force in certain industries
- Inability to take available jobs
- Scarcity of productive job opportunities
Poverty due to
- Low to moderate economic growth the past 40 years
- Weak employment generation and quality of jobs generated
- High popluation growth
Foreign Aid
- Japan provided so much because it was an occupier and wanted to rebuild relations

Education
- Influenced by colonizer Spain
- English introduced as main language in 1898 due to American occupation
- Issues with education
  - One of the lowest budget from government in ASEAN
  - Affordability: not many able to afford past primary school
  - Quality: between city and country side is different
Gender Equality: the leading country in ASEAN
- Closed 80% of Economic Participation and opportunity of gender gap
- Women still suffer domestic violence and economically disadvantaged