The greatest challenge for the Philippines is to drive the economy to a higher level of growth and job creation. Both real GDP per capita and labour productivity (MDG indicator) barely grew from 1999 to 2002 and it was only in recent years (except during the global financial crisis of 2009) that modest and sustained growth was achieved. Further, employment shedding in agriculture sector was noted but mostly towards services. The recent resurgence in growth did not make a dent on poverty incidence suggesting that economic growth has not been inclusive. This could be attributed to the highly skewed income distribution pattern and rapid population growth rates in earlier decades. With working age-population projected to grow by more than a million annually in the next ten years, generating new employment opportunities to ease the problems of unemployment and underemployment is a major concern.
01 October 2012
Regions and countries covered: Global, Philippines
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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 have, they are capable of pulling themselves out of the economical hole they are in and being up to par with their successful neighboring countries.
The Philippines were first discovered by Ferdinand Magellan in 1521. It then became a colony of Spain from the late 1500's until the end of the19th century when the United States came intervened. The colonial rule of the Spanish ended in December 1898 after the United States intervened due to a popular rebellion that had broken out two years earlier. Under the United States colonial rule, democratic institutions were introduced, and the Filipinos took over all the political and bureaucratic positions. In 1934 the Philippines became an internally self governing commonwealth, with full independence from the United States scheduled for July 4, 1946. The independent republic mainta.
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. active to investors to build more hotels, and island destinations. There is potential for this country to move forward and no longer be a third world country, it just needs to tap into its resources to make a difference.
Salehzedah, Zohre and Henneberry, Shida Restagari "The Economic Impacts of Trade Liberalization and Factor the Case of the Philippines." Journal of Policy Modeling v24.
Lim, Joseph Y. and Montes, Manuel F. "The Structure of Employment and Structural Adjustment in the Philippines." Journal of Development Studies v.36
Philippines: Country Profile 2004 1 Dec. 2004 The Economist Intelligence Unit Limited 2004 15 Dec. 2004 www.eiu.com
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Microsoft Philippines, Inc. a wholly owned subsidiary of US-based Microsoft Corporation, was established in August 30, 1995. As the world’s leading software provider, Microsoft strives to produce innovative products that meet the customers’ evolving needs. At the same time, it understands that long-term success is about more than making great products.
Microsoft’s vision is to “Empower people through great software – anytime, anywhere, and on any device.” To date, the company envisions making each product for an easier and more enjoyable personal computing experience; while providing enterprises with more efficient solutions to maximize productivity.
Microsoft Philippines conducts business through its network of more than 1,600 partners and resellers. This healthy ecosystem employs more than 12,000 people. Microsoft continues to be instrumental in growing the local software economy. Acknowledging the talent of the Filipino, the Microsoft Global Outsourcing Group has tapped a number of BPO organizations located in the Philippines, employing around 3,500 people.
The mission of the company - “To enable people and business throughout the world to realize their full potential” - is evident in the numerous citizenship programs it runs in the country. In the past six years, more than 100 million pesos have been invested into Partners In Learning, where 40,000 teachers and 3.2 million students have been trained to use the latest in technology to improve the learning process in public schools.
Supporting the Department of Education’s vision of 21st Century Education for All Filipinos, Anytime, Anywhere, the Partners In Learning program brings in the private sector, non-government organizations (NGOs) and the government to act as ONE education community working towards a more sustainable education system for the Filipino.
The company is also committed to providing opportunities for the underserved communities in the country. Through partnerships with various NGOs such as the Visayan Forum Foundation Inc. (VFFI) as well as the Overseas Workers Welfare Administration, more than 50,000 individuals in centers around the Philippines and in countries that have a large population of OFWs (Hong Kong, Singapore, Malaysia, Taiwan, Saudi Arabia and Italy) have been trained by the Tulay and stepUP programs.
Both programs utilize technology training for OFWs and victims /potential victims of human trafficking respectively, who are given new skills which open more opportunities for them.
After seven years and more than 200 million pesos in grants, Microsoft plans to further expand these various programs to reach and make a difference to more Filipinos worldwide. A further nine million peso grant is being worked out to train more communities vulnerable to human trafficking and help curb the rising incidence of cybercrime in the country.
For education and serving the underprivileged, Microsoft is committed to reaching out to more Filipinos in order for them to reach their full potential.
In response to 'Lalaine' - a study of the Philippines labor force shows that the working-age population grew by 2.7% in the 1980s while the labor force (people in that age group who were actually employed) grew by 4%. Still, unemployment, which had averaged about 4.5% during the 1970s, increased drastically following the economic crises of the early 1980s, peaking in early 1989 at 11.4%. The International Labor Organization reports unemployment was 8.7% in 1997, 10.1% in 1998, 9.8% in 1999 and 11.2% in 2000.
As underemployment also increased, about 20% of male household heads and 35% of female household heads reported, in 1980-85, being unable to find more than 40 days of work a quarter. In 1997, a little over 11% of the people reported being underemployed; by 1998, this number was just under 12%. Overall, urban areas fared worse than rural areas.
Given this scenario, migration increased.
Today, the Philippines has a labor force that is among the world's largest. Its unemployment rate. according to the latest reports (for 2002), is at 10.2%
Posted on 09 Apr 2005
Suchita Vemuri, Staff EditorLike us on Facebook
COUNTRY ANALYSIS OF PHILIPPINES
Group -3, Section-2
Nacionalista Party leader Ferdinand Marcos dominated the political scene of Philippines for two decades after his election to presidency in 1965.
In 1967, Philippines became a founding member of ASEAN (Association of Southeast Asian Nations). He became the first President to be re-elected in 1969.
In 1972 Marcos declared the tyrannical Martial Law i.e. the imposition of military rule.
The opposition leader Benigno (Ninoy) Aquino, Jr.(Vice president) after a long period of exile was assassinated after his return in the year 1983. This led to dissatisfaction with Marcos and led to succession of events that culminated in a presidential election in February 1986.
Marcos fled the Philippines in the face of EDSA and installed Corazon Aquino as president on February 25, 1986. 25th February, 1986. EDSA People Power Revolution marked a significant national event. True empowerment of democracy was exhibited by its successful efforts to oust a tyrant by a demonstration without tolerance for violence and bloodshed. This signifies their freedom from the governance of President Marcos.
Fidel Ramos was elected president in 1992. Early in his administration, Ramos declared "national reconciliation" his highest priority.
Popular actor Joseph Ejercito Estrada's election as president in May 1998 marked the Philippines' third democratic succession since the ouster of Marcos. Estrada was elected with overwhelming mass support on a platform promising poverty alleviation and an anti-crime crackdown. During his first 2 years in office, President Estrada was charged with allegations of corruption. Estrada vacated his office in 2001. In 2007, an anti-graft court convicted Estrada of plunder or corruption charges. He received a presidential pardon soon after the conviction.
Gloria Macapagal-Arroyo, elected vice president in 1998, took over the presidency in January 2001 after demonstrations that followed Estrada's impeachment trial.
Arroyo was eligible for another term as president for a full 6 years, and she won a hard-fought campaign against her primary challenger, movie actor Fernando Poe, Jr. in elections held May 10, 2004.
Impeachment charges were brought against Arroyo in June 2005 for tampering with the results of the 2004 elections. Congress rejected the charges in September 2005. In November 2011, Arroyo was arrested and charged for her role in electoral fraud during the 2007 congressional election.
In 2010 elections, Liberal Party Senator Benigno S. Aquino III (son of Ninoy and Corazon Aquino) won the presidency by campaigning against corruption. His agenda included job creation, provision of health care, education, and tackling other domestic issues.
1. First Republic (Revolutionary Government/ The Philippines under Spanish rule) 2. The Second Republic, 1943
3. Restoration of the Philippine Commonwealth, 1945 – 1946 4. The Third Republic, 1946 – 1972: The independent Republic of the Philippines was finally proclaimed on July 4, 1946 with Manuel Roxas as President. 5. The Fourth Republic, 1972-1986 (Martial Law and the Fourth Republic, 1972-1986): On September 23, 1972 President Ferdinand E. Marcos placed the entire country under Martial Law. Under martial rule, Marcos created the Batasang Bayan in 1976 to serve as a legislative advisory council – a quasi-legislative machinery to normalize the legislative process for the eventual actualization of the 1973 Constitution 6. The Fifth Republic, 1987 – present: The 1987 Constitution finally came into full force and effect on February 11, 1987. It re-established a bicameral legislature, composed of the House of Representatives and the Senate, much like the way it was before Martial Law.
Political parties in the Philippines (Present Scenario)
Political parties in the Philippines are of.
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