Philippines Economic Growth

1_The Philippines has a representative democracy modeled on unify State s system of government . Its republic type of government has also a presidential system of government with bicameral legislature and an independent judiciary wherein the president is limited to six-spot years of terms . Whenever there are troubles experienced deep down the government of the Philippines , leaders tends to seek help and often generation united States always offers help and assistance to the Philippines . Although historically dissertation , 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 estate Philippines is considered as one newly industrialized country located in South east Asia . It is also the fastest growing sparing in Southeast Asia posting a gross domestic product return 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 . linked States is really a great country and is considered to be where the terra firma 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 order 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 sincere 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 section 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 take of technical 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 extravaganza of much lower part technologies as compared to hight technological quality provided in the United States . This is one great disappointment regarding consumer finis making bf Filipinos who tends to buy more goods and commodities at a cheaper expenditure but not of high quality . They tend to ignore 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 uncontrolled . There are certain issues concerning how this infrastructures will be make 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 extensive essay, order it on our website: Orderessay

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