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The Philippines' exports income had begun growing in the early 1970s due to an increased global demand for raw materials, including coconut and sugar, [1] [15] and the increase in global market prices for these commodities coincided with the declaration of martial law, allowing GDP growth to peak at nearly 9 percent in the years immediately ...
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.
Vibal is a textbook, reference materials, and multimedia products publisher and is the biggest in the country. In 2011, in partnership with Procter & Gamble , Vibal introduces digital classrooms and low-cost digital education tablets, for the digitization of education in the country.
Bernardo Malvar Villegas (born March 12, 1939) is a Filipino economist and writer best known for being one of the framers of the 1987 Philippine Constitution, [1] [2] for authoring a number of widely used Philippine economics textbooks, [3] and for his role in the founding of two influential Philippine business organizations, the Center for Research and Communication [4] and the Makati ...
Gregorio Fernandez Zaide (May 25, 1907 – October 31, 1986) was a Filipino historian, author, and politician from the town of Pagsanjan, Laguna, Philippines.A multi-awarded author, Zaide wrote 67 books and more than 500 articles about history, and is known as the "Dean of Filipino Historiographers."
After the United States took control of the Philippines, the United States Congress passed the Philippine Coinage Act of 1903, established the unit of currency to be a theoretical gold peso (not coined) consisting of 12.9 grains of gold 0.900 fine (0.0241875 XAU), equivalent to ₱2,640 as of December 22, 2010. [11]
The 1970s commodities boom refers to the rise of many commodity prices in the 1970s. Excess demand was created with money supply increasing too much and supply shocks that came from Arab–Israeli conflict , initially between Israel and Egypt .
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 ₱29.66 trillion ($507.6 billion), making it the world's 31st largest by nominal GDP and 11th largest in Asia according to the International Monetary Fund .