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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]
The economic history of the Philippines is shaped by its colonial past, evolving governance, and integration into the global economy. Prior to Spanish colonization in the 16th century, the islands had a flourishing economy centered around agriculture, fisheries, and trade with neighboring countries like China, Japan, and Southeast Asia.
The critical role played by the Filipinos in shaping the Philippine national history in this period is well highlighted and analyzed based on the accounts on the revolution and the Philippine–American War as it describes the social, economic, political, and cultural conditions of the Philippines. [23]
The history of the Philippines dates from the earliest hominin activity in the archipelago at least by 709,000 years ago. [1] Homo luzonensis, a species of archaic humans, was present on the island of Luzon [2] [3] at least by 134,000 years ago. [4] The earliest known anatomically modern human was from Tabon Caves in Palawan dating about 47,000 ...
[14]: 85–87 Societal changes in Spain and the Philippines led to an expansion of the Philippine bureaucracy and its civil service positions, predominantly for the educated living in urban areas, although the highest levels continued to remain in the hand of those born in Spain. This, combined with a shifting economy, saw more complex social ...
The digital divide the Philippines refers to inequalities between individuals, households, and other groups of different demographic and socioeconomic levels in the Philippines in access to information and communication technologies ("ICTs") and in the knowledge and skills needed to effectively use the information gained from connecting. [1] [2 ...
According to World Bank data, the Philippines' gross domestic product (GDP) quadrupled from $8 billion in 1972 to $32.45 billion in 1980, for an inflation-adjusted average growth rate of 6% per year. [40] Indeed, according to the U.S.-based Heritage Foundation, the Philippines enjoyed its best economic development since 1945 between 1972 and 1980.
The Negros famine took place on Negros island in the Philippines in the mid-1980s, during the waning days of the Marcos dictatorship. [1] [2] It was a key moment in the history of sugar production in the Philippines, as well as the broader political history of the Philippines.