Philippines Economic Growth

1_The Philippines has a representative democracy modeled on joined State s system of presidential term . Its republic type of government has also a presidential system of government with two-chambered legislature and an independent judiciary wherein the president is limited to hexad years of terms . Whenever there are troubles experienced at heart the government of the Philippines , leaders tends to seek help and often times united States always offers help and assistance to the Philippines . Although historically utterance , they were once the conquerors of the Philippines Both government are being attcked by terrorist which opposes the kind of leaders and leadership in the land Philippines is considered as one newly industrialized country located in South east Asia . It is also the fastest growing prudence in Southeast Asia posting a gross domestic product ripening rate of 7 .5 in 2007 s second quarter (Hookway , 2007 .p .A1 . As compared to the fall in States the GDP of the Philippines is really far from US GDP rate of 88 over the past decades and until the present . coupled States is really a great country and is considered to be where the sphere s largest gross domestic product rate isGDP per capita of the Philippines is estimated to be 5 ,700 in 2007 which is far behind the GDP per capita of the United States which is estimated 44 ,000 for this year ( US treasury Dept . 2007 Unemployment rate in the Philippines is 7 .9 while US is just half of it at 4 .4 . This reflects how hardworking the Americans as compare to Filipinos who merely wants a naive life and simple way of living Inflation rates in the Philippines is 2 .3 which makes the economy more hopeful in the present statistics . The national government debt as a pct of GDP rates in the Philippines is as high as 316 .65 billion or 69 .9 of GDP while United States only has 19billion or 0 .

16 of GDP (wikipedia The direct of technological development in the Philippines is not also as great than in the United states . The Philippines is attracted to Japan made products and China influenced fictitious of much lower lumber technologies as compared to hight technological quality provided in the United States . This is one great disappointment regarding consumer closing making bf Filipinos who tends to buy more goods and commodities at a cheaper outlay but not of high quality . They tend to pretermit the specifications of a certain of product because of high costs The level of infrastructural development in the Philippines is not really that far , because the country is taking its phase in cities where rises of buildings and commercial establishments are rampant(ip) . There are certain issues concerning how this infrastructures will be built because tax in the Philippines is really high thats why investors sometimes thinks twice of getting involved in dealing businesses in the countryThe high cost of materials , manpower and cost of permit is sometimes unfair on the part...If you want to get a profuse essay, order it on our website: Ordercustompaper.com

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