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Japanese invasion money – Philippines 500 pesos. Due to the Japanese invasion establishing the unofficial Second Philippine Republic, the economic growth receded and food shortages occurred. Prioritizing the shortages of food, Jose Laurel, the appointed president, organized an agency to distribute rice, even though most of the rice was ...
Due to this, powerful politicians are able to fill appointive government positions with their allies and also preventing more deserving individuals without connections from being able to serve, thus denying equal opportunities in the government. [57] There have been many examples in past history of the corruption that is taking place here.
Poverty in the Philippines is a complex issue influenced by various factors, including economic inequality, corruption, and inadequate access to education. The disparity in income across different regions and sectors creates significant barriers for many Filipinos, limiting their opportunities for upward mobility.
[45] [citation needed] In major cities of developing countries there exist pockets where technologies of the modernised world, computers, cell phones and satellite television, exist alongside stark poverty. Globalists are globalization modernization theorists and argue that globalization is positive for everyone, as its benefits must eventually ...
Therefore, though globalization is widely seen as an economic process, it has resulted in linguistic shifts on a global scale, including the recategorization of privileged languages, the commodification of multilingualism, the Englishization of the globalized workplace, and varied experiences of multilingualism along gendered lines.
Economic growth accelerated and poverty declined globally following the acceleration of globalization. Per capita GDP growth in the post-1980 globalizers accelerated from 1.4 percent a year in the 1960s and 2.9 percent a year in the 1970s to 3.5 percent in the 1980s and 5.0 percent in the 1990s.
The economy of the Philippines is an emerging market, and considered as a newly industrialized country in the Asia-Pacific region. [31] In 2024, the Philippine economy is estimated to be at ₱26.55 trillion ($471.5 billion), making it the world's 32nd largest by nominal GDP and 13th largest in Asia according to the International Monetary Fund .
In this schema, three main prerequisites are posited for globalization to occur. The first is the idea of Eastern Origins, which shows how Western states have adapted and implemented learned principles from the East. [38] Without the spread of traditional ideas from the East, Western globalization would not have emerged the way it did.