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The Gini coefficient is also known as Gini index or Gini Ratio. It measures the degree of inequality in the distribution of family income in a country. [6] A Lorenz curve plots the cumulative percentages of total income received against the cumulative number of recipients, starting with the poorest individual or household.
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.
Year Date Event Source c.200 AD The Maitum Jars are anthropomorphic jars that were depicting children (head is the lead of the jar with ears and the body was the jar itself with hands and feet as the handle) with perforations in red and black colors, had been used as a secondary burial jars in Ayub Cave, Pinol, Maitum Sarangani province, each of the jars had a "facial expression".
The Police System of the Philippines poses a high risk of corruption, with the Philippines National Police (PNP) considered to be one of the most corrupt institutions within the country. There are several reports of national police officers and members of the military engaging in criminal activities such as extortion, corruption and involvement ...
Poverty in the Philippines also had its roots from land inequality resulting from land policies under colonization by Spain and the United States. [29] The Philippines, after its independence in 1946, historically pursued an import substitution industrial policy, penalizing primary and agricultural sectors through tariffs and overvaluing the peso.
Azuma's inequality; Bennett's inequality, an upper bound on the probability that the sum of independent random variables deviates from its expected value by more than any specified amount
In 1984 and 1985 the Philippines saw the worst recession in its history: the economy contracted by 7.3% for two successive years. [1] Data from the Philippine Statistics Authority for 1985 showed that poverty incidence in families was at 44.2%—4.3 percentage points higher than in 1991 during the presidency of Corazon Aquino.
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.