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The Philippines also became the distribution center of silver mined in the Americas, which was in high demand in Asia, during the period. [20] In exchange for this silver, the Philippines very much functioned like a trade entrepot between the nations of South, East and Southeast Asia and the territories in Spanish North and South Americas ...
The economy of the Philippines is an emerging market, and considered as a newly industrialized country in the Asia-Pacific region. [31] In 2025, the Philippine economy is estimated to be at ₱28.05 trillion ($508.79 billion), making it the world's 32nd largest by nominal GDP and 13th largest in Asia according to the International Monetary Fund .
The former bases are now profitable tourist sites in the Philippines, such as the Subic Naval Bay in Subic and the Clark Air Base in Clark, Pampanga, which is a legacy of the anti-nuclear movement. [58] The movement continues to face challenges as attempts have been made to open the abandoned Bataan Nuclear Power Plant.
The Philippines could play a key role in assisting Taiwan’s allies should China launch a surprise military invasion of the island. Why the Philippines Is Increasingly Keeping a Close Eye on ...
From 2006 to 2013, the Philippines experienced a total of 75 disasters that cost the agricultural sector $3.8 billion in loss and damages. [1] Typhoon Haiyan alone cost the Philippines' agricultural sector an estimated US$724 million after causing 1.1 million tonnes of crop loss and destroying 600,000 ha of farmland. [31]
The Philippines faced six back to back typhoons in just 23 days last month, an unprecedented onslaught of storms that scientists say were fueled by unusually hot oceans and higher air humidity ...
The historical origins of globalization (also known as historical globalization) are the subject of ongoing debate. Though many scholars situate the origins of globalization in the modern era (around the 19th century ), others regard it as a phenomenon with a long history, dating back thousands of years (a concept known as archaic globalization ).
April 10 – The World Bank approved a $500-million policy loan to boost the Philippines' capacity to respond and recover from disasters such as the ongoing coronavirus disease 2019 (COVID-19) crisis. [191] April 23 – The World Bank approves a $100-million or ₱5.1 billion loan for the Philippines' COVID-19 Emergency Response Project. [192]