I have conducted extensive research on the needs of the country in question. Throughout the course of my research it has become clear that there can be many trends in the data and statistics of economic concerns of many countries. In order to better illustrate my point I have chosen to compare two different countries while observing one economic concern. I have decided to illustrate the concern of poverty in the economy of the Philippines and Canada.
The Philippines is a country that has been destroyed by widespread poverty. The economic concerns in this country have multiplied in the past decade. There are many causes to the many problems and not enough effective reforms to rectify them. They currently have a population of 88 million people, and it is expanding rapidly. An increasing population with out enough jobs to sustain them increases the poverty level. In this country's case, the population growth was the major contributor to their high poverty level. We need to also take into account the location of this country and the natural disasters that they encounter. There are 22 active volcanoes in the Philippines and 88 inactive ones. Just this year, there have been seven earthquakes or predicted earthquakes. They constantly have landslide and tsunamis, and on the average, they are affected by 15 major storms a year. They are normally hit with al least 5 or 6 of them. With all these problems affecting their agriculture, their struggle to decrease their poverty levels and improve their way of life is a constant challenge. 77.4% of the country's GDP is public debt. The 2000 Philippine Human Development Report says that even though their economy is inactive, they are doing very well. Even though nearly half of the country is below poverty level, 64 of the 77 provinces are considered to be in the medium human development category of the HDI (Human Development index). The high crime and drug rates, the low education rates, the lack of knowledge of technological advancement, and the poor living conditions also play a large role in the high poverty level.
Table 1Poverty incidence in selected Asian countries1(percent)
Years Annualreduction Firstyear Lastyear
PhilippinesIndonesiaKoreaMalaysiaThailand 197194197090197090197387196288 0.72.00.91.61.4 5258233759 361951422
Sources: World Bank, 1996, and Philippines, National Statistical Coordination Board, 1996. 1Defined as proportion of families living below the poverty line.
A lot has been done to benefit the situation in the Philippines; however, few changes have actually been made. Industry is highly monopolized. Mismanagement caused the land to be unequally distributed. Reforms that were made had little progress. Income was highly monopolized as well. The 10% of the rich population got richer. There was a small attempt to redistribute the money, but the only people who seemed to benefit from this were the middle class. President Aquino made an...