The Economy of the Philippines
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The Philippines, a beautiful tropical archipelago of islands that forms one of the most important economies in the world today. This nation often flies under the radar as a quiet achiever but it is both interesting and important to understand because it may be the quintessential 21st-century growth nation, and that is not to say it is some super modern nation from the future, but rather it is to say that the story of the success and failures of the Philippines is by extension the story of the world today as more and more countries, modernize, embrace technology, trade internationally and bring their citizens into the global middle class.
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📚 Want to learn more about the economy of the Philippines? We recommend reading "An Illustrated History of the Philippines", by Ray Canoy 👉 amzn.to/3dMYf3M (as an Amazon Associate, we earn from qualifying purchases)
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#Economics #Philippines #VideoEssay
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Sources & Citations -
Parreñas, R.S., 2002. The care crisis in the Philippines: Children and transnational families in the new global economy
Boyce, J.K., 1993. The Philippines: The political economy of growth and impoverishment in the Marcos era. University of Hawaii Press.
Krinks, P., 2003. The economy of the Philippines: Elites, inequalities, and economic restructuring. Routledge.
Kelly, P.F., 2001. The political economy of local labor control in the Philippines. Economic Geography,
Bird, M., and Ernst, C., 2009. Offshoring and employment in the developing world: Business process outsourcing in the Philippines. International Labour Organization.
Lockwood, J., 2012. Are we getting the right people for the job? A study of English language recruitment assessment practices in the business processing outsourcing sector: India and the Philippines. The Journal of Business Communication
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Imagine the philippine economy as one of the fastest racecars of all time, but can't show its true potential because it's stuck in traffic...
I live in the Philippines... seems like everywhere I go I see young people(Children, teens) and all speak good English even at a young age. The Philippines is gonna be a underdog story one day.
Currently consulting for a group in the Philippines, and coming from a western upbringing it’s truly shocking how good the world ethic is over there, and how low wages are. This video does a great job explaining this.
Densely populated cities in the whole wide world? I can rephrase what you said, one of the world's densely populated cities because Manila is not the only densely populated city in the whole wide world there are a lot of them not only Manila. The population of Manila is not 24 million, you need to get your facts first before concluding anything, it's 13 million people only in Metro Manila dear. I do not agree with what you say though, it's all speculations there is no hard evidence lol!!!!
Wrong data. Fertility rate for 2021 is 2.5 almost 2.4
in the Philippines, if you make $4/hr then you can already afford to have your own car and a nice appartment in the city. With $10/hr, you could have you own house, 4 kids in private school and you are on your way to becoming a lower-upper class.
fun fact, the phillipeans had only 2.8 million people in 1800. They are litteraly the fastest growing from 1800 to now
Well, this came out of nowhere.
Aged like a milk.
Monopoly, corruption, and lack of support of small business and cooperatives. Also, Philippines will never have a good future when the goverment focusing and relying so much in overseas workers remittances.
Two words I never thought I would hear about my country in a positive sentence:
Great video overall, but you forgot to mention the almost 10 million Filipinos that work overseas, sending billions of dollars yearly. It's like around 10% of the GDP.
I've owned, investee and rented out property in Manila for the last 8 years. Interacting and conversing with all walks of life of Manila, from security guards to police captains and mall sales people to mall managers. There are lots of flaws, manipulation and predation from people at the top of their companies and government.
From the USA: Wishing the Philippino people happiness and prosperity. Anytime I've worked with them I found the people to be kind, honest and hardworking.
For some time my home country of Mexico was the same country as the Phillipines (when it was part of the Viceroyalty of New Spain) much love to our cousins over there!
its surprising how big of a roll Catholicism plays in the Philippines, considering that only 37% of Catholic Filipinos attend church weekly.
As a Filipino, I never saw it that way.
"Philippines, the Next Economic Miracle?"
Not to mention that Overseas Filipino Workers contribute a lot in our Economy, in as much as they bring back dollars, pounds, and euros. I supppse it makes the country better stabilized.