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In 2022, the poverty situation in the Philippines has seen a steady ease. [8] Some of the many causes of poverty are bad governance, corruption, a political system dominated by political dynasties, vulnerability to environmental disasters, and the lack of available jobs.
According to World Bank Country Director Motoo Konishi, the Philippines had become a "rising tiger" in East Asia. However, at the same time, during the 2010–2011 fiscal year, the increase in the wealth of the richest families in the Philippines, amounting to 47.39%, comprised 76.5% of the GDP increase for that year. [4]
Poverty is a multifaceted and pervasive issue affecting societies around the globe, characterized by a lack of essential resources and opportunities. [2] Understanding its causes—economic, social, political, and environmental—is crucial for developing effective strategies to combat it.
In the third quarter of 1981, the Philippine economy followed the course of the US economy into recession. [1] The Philippines’ debt rose to more than 200 percent of exports from 1978 to 1991. [1] More than half the value of the country’s exports went to debt service, rather than imports. [1]
The administration was also able to implement a piece of its overall Poverty Alleviation Plan, which involved the delivery of social services, basic needs, and assistance to the poor families. The administration also had limited contributions to Agrarian Reform, establishing the program "Sustainable Agrarian Reform Communities-Technical Support ...
This is a list of regions and provinces of the Philippines by poverty rate as of 2021. The international poverty rate used by the World Bank is used in the following list. The national poverty rate of the Philippines was estimated to be at 22.4% in early 2023.
The National Statistical Coordination Board recommended the administration of Philippine President Benigno Aquino III to reduce poverty. [14] Department of Social Welfare and Development Secretary Dinky Soliman said that the government has been addressing the issue and helping the poor through feeding programs and conditional cash transfers. [14]
Researchers have proposed that corruption and poor governance as among the causes of poverty in the Philippines. [5] The Philippines signed the United Nations Convention against Corruption on December 9, 2003, with the Senate ratifying the convention on November 6, 2006. In 2012, the Senate declared that National Anticorruption Day shall be ...