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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 Philippines was the only country in the Southeast Asia region that had a declining youth literacy rate between the years of 1990 and 2004, according to data from the United Nations. This prompted major school reforms and in 2012, a K-12 school curriculum was introduced which included a year of kindergarten and two senior school years.
Society in the Philippines values education very highly, especially for their children. It is understood to be the means by which personal and familial poverty can be averted -allowing for a more successful way of life. According to the Philippines's 2013 Census of Population and Housing, the literacy rate of the nation was recorded at 96.5%. [15]
Equity, or economic equality, is the construct, concept or idea of fairness in economics and justice in the distribution of wealth, resources, and taxation within a society. . Equity is closely tied to taxation policies, welfare economics, and the discussions of public finance, influencing how resources are allocated among different segments of the populati
In most societies, an individual's social status is a combination of ascribed and achieved factors. In some societies, however, only ascribed statuses are considered in seeking and determining one's social status and there exists little to no social mobility and, therefore, few paths to more social equality. [7]
Social equity is concerned with justice and fairness of social policy based on the principle of substantive equality. [1] Since the 1960s, the concept of social equity has been used in a variety of institutional contexts, including education and public administration .
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.
Considered one of the justice theories, equity theory was first developed in the 1960s by J. Stacey Adams, a workplace and behavioral psychologist, who asserted that employees seek to maintain equity between the inputs that they bring to a job and the outcomes that they receive from it against the perceived inputs and outcomes of others. [2]