The Phillippines' Economy Essay

1643 words - 7 pages

The Phillippines' Economy

Over the past few years, the Philippines' economy has undergone a remarkable transformation. In the late 80's and early 90's the Philippines were stuck with poor political leadership, economic growth, and slow paced economic development. Today it is recognized globally that the Filipino economy has turned around to produce a positive growth. One of their biggest accomplishments has been the GNP growth rate rise from zero in the early nineties to between 5% and 6% today.
The current president, Joseph Ejercito Estrada, is following the strong pace set by former president. Under the Ramos administration, important steps were taken towards economic liberalization. These steps included the opening of banks and telecommunications sectors, and the changing of investment laws, which created a more attractive business alliance and stronger commercial relationships with the United States. Because of these events, the United States remains to be the number one trading partner of the Philippines, and they are among the United States top 25 trading partners.
According to President Estrada's speech on January 8, 1999, thanks to the actions of former president Ramos "our country continues to enjoy positive growth despite the crisis in Asia. In the region last year, only Singapore and the Philippines posted positive growth rates." Some of the major factors concerning the economic growth during Ramos's term in office that Estrada intends to continue to give attention to are foreign relations, education, health, transportation, banking and trading.
Modern education in the Philippines is becoming a major issue in the growth and stabilization of the country's economy. During the last fifty years, education has become a major concern for this country, and it has recently been made more readily available through expansion. Despite this expansion, the quality of education was still not up to par and remains a concern today. One problem facing the education system was a thirty- percent difference in the literacy level between rural and urban areas. Also, all families below the poverty line could not afford to educate their children beyond elementary school. These and other problems like poor teacher performance, overcrowded classrooms, lack of language skills and low wages could definitely benefit from new programs aimed at improving work productivity and family income.
In 1990, over 10,000 foreign students studied in the Philippines, the majority of which were American. Until recently, most of the students attending these schools had to be taught in three languages; English, Filipino and Spanish. Now the schools primarily focus on Filipino, which will relieve much stress on students and faculty, and promote faster progress in the future. Another controversy noticed by many American students was the fact that many education policies were fluctuating constantly, and were likely to be changed before teachers...

Find Another Essay On The Phillippines' Economy

Enlightenment Thought in New Zealand Schools

1594 words - 6 pages In this essay I will be looking at how the political and intellectual ideas of the enlightenment have shaped New Zealand Education. I will also be discussing the perennial tension of local control versus central control of education, and how this has been affected by the political and intellectual ideas of the enlightenment. The enlightenment was an intellectual movement, which beginnings of were marked by the Glorious Revolution in Britain

Psychological Egoism Theory Essay

2240 words - 9 pages The theory of psychological egoism is indeed plausible. The meaning of plausible in the context of this paper refers to the validity or the conceivability of the theory in question, to explain the nature and motivation of human behavior (Hinman, 2007). Human actions are motivated by the satisfaction obtained after completing a task that they are involved in. For example, Mother Teresa was satisfied by her benevolent actions and

How Celtic Folkore has Influenced My Family

1587 words - 6 pages Every family has a unique background that influences the way they live and interact with other people. My parents, who emigrated from Ireland to the States with my three brothers in 1989, brought over their own Celtic folklore and traditions that have helped shaped the way our family operates and lives. One aspect of folklore that has helped shape my family dynamic is the Celtic cross—both its background and what role it has played in our lives

Julia Margaret Cameron

1406 words - 6 pages At a time when women were looked upon as being homemakers, wives, mothers and such the late 1850's presented a change in pace for one woman in specific. Photography was discovered in 1826 and soon after the phenomenon of photography was being experimented with and in turn brought new and different ways of photo taking not only as documenting real time, but also conceptualizing a scene in which an image would be taken. Julia Margaret Cameron will

Evaluation of School Improvement

1403 words - 6 pages The evaluation process should be progressive to incorporate overall planning, implement changes, which contribute to success. In order to focus on school climate and norms, the evaluation design must include the students, instructions, and outcomes to improve communication and building-level concerns to be address in this response. School Climate and Social Norms The school principal, other staff leaders, and personnel set the tone and the

Case Study: The Benefits of Animal Testing

1757 words - 7 pages heart transplant that will save her life. The transplant goes extremely well and now Amy has the opportunity to go to high school and live a normal teenage life.  Like Amy, many lives are positively transformed due to the amazing surgery of organ transplants. Scientist and doctors are due the credit for this amazing procedure. However, often overlooked, is the fact that this fascinating medical procedure would not be possible without the use of

Myth and Magic: Realism in "One Hundred Years of Solitude"

1531 words - 6 pages “He enjoyed his grandmother's unique way of telling stories. No matter how fantastic or improbable her statements, she always delivered them as if they were the irrefutable truth” (Wikipedia, 2011). Experiences are particular instances of one personally encountering or undergoing something and in these moments of time life changes for the best or the worst and memories are formed. These recollections such as riding your first bicycle, going to

Adiponectin: a Novel Indicator of Malnutrition and Inflammation in Hemodialysis Patients

2384 words - 10 pages Objective Protein-Energy malnutrition (PEM) and inflammation are common and overlapping conditions in hemodialysis patients which are associated with increased risk of morbidity and mortality. Adiponectin is an adipocytokine which is exclusively produced by adipose tissue. Few studies in hemodialysis patients have demonstrated that serum levels of adiponectin were significantly higher in malnourished patients compared to well-nourished ones. The

The Congo Free State: A Legacy of Apathy, Exploitation and Brutality

2298 words - 9 pages Between 1885 and 1908, Belgium’s Leopold II ruled Congo, a region in central Africa, as his personal colony, exploiting the resources and inhabitants for his own gain. Leopold allowed and encouraged Europeans and other Westerners to enter Congo and set up companies whose primary purpose was to gather rubber, which was abundant but difficult to get to in the Congo, using the Congolese as the laborers for the Europeans. Rubber gathering in Congo

Selective Exposition in The Lottery, by Shirley Jackson

1073 words - 4 pages Usually when someone hears the word “lottery” the first thing that comes to mind is a large sum of cash that people compete against highly impractical odds to win. Shirley Jackson’s story The Lottery might imply a similar conception based on the title alone, but the story is filled with unknowns never revealing exactly when and where the story takes place, or why the lottery exists; even what the lottery is isn’t revealed until the very end. Yet

Lightning

1857 words - 7 pages INTRODUCTION I remember when I was a young child; I would always be scared whenever there was a severe storm outside that included thunder and lightning. This was especially true in the hours of darkness, when you could really see the lightning. As I grew older this so-called fear of lightning turned into a fascination for this weather phenomena. One of my most vivid memories of lightning as a young man was when I was flying to Florida, the

Similar Essays

Japanese Automakers In The U.S. Economy

1334 words - 5 pages Japanese Automakers in the U.S. Economy Automobiles are the most frequently used form of transportation in the United States and much of the world. Owning a vehicle is almost a necessity in modern society. But when you go to buy a new vehicle, you are faced with the question "What should I buy?" Foreign, most popular being Honda, Toyota and Nissan. Or domestic like Ford, GM and Chrysler, also known as America's "Big

When The Bubble Burst Essay

1539 words - 6 pages Relief Program (TARP) many of the funds were used poorly because the investment banks didn’t acknowledge their risky investments, the funds should have directly helped consumers hurt by the mortgage crisis, government financial relief efforts have had a minimal effect on the economy. The Troubled Asset Relief Program was created during the financial crisis of 2008. The programs purpose was to buy bad assets from banks in the form of a low

Phase Diagram Essay

4456 words - 18 pages Introduction: Chemical equilibrium is a crucial topic in Chemistry. To represent and model equilibrium, the thermodynamic concept of Free energy is usually used. For a multi-component system the Gibbs free energy is a function of Pressure, Temperature and quantity (mass, moles) of each component. If one of these parameters is changed, a state change to a more energetically favorable state will occur. This state has the lowest free energy

Revolutionary Work Of Art Essay

1890 words - 8 pages Walter Benjamin emphasizes in his essay, “The Work of Art in the Age of its Technological Reproducibility” that technology used to make an artwork has changed the way it was received, and its “aura”. Aura represents the originality and authenticity of a work of art that has not been reproduced. The Sistine Chapel in the Vatican is an example of a work that has been and truly a beacon of art. It has brought a benefit and enlightenment to the art