What makes philippines poor

This is likely due to the economic devastation and financial issues that many countries around the world have struggled with since the pandemic. The Filipino Government has launched its Philippines Development Plan in an effort to combat poverty and hunger and ramp up job creation in the country. This plan was initiated in and updated in and has reported remarkable success in job creation, education and poverty reduction. Various Filipino NGOs as well as some from outside of the country, have worked to combat poverty in the Philippines.

A group called Zero Extreme Poverty PH ZEP has led the charge, dedicating itself to eliminating poverty in the nation by by enacting positive change in eight areas: education, environment, health, housing and shelter, livelihoods, peace and human security and social justice.

In , ZEP created a coalition of various NGOs from both the Philippines and around the world, with the goal of helping those living under the poverty line in the country. While the Philippines still struggles with extreme poverty, especially in rural areas, progress is being made to combat the issues that this country is facing.

Because of corruption and inadequate legislation, the government does relatively little to meaningfully reduce poverty, deal with rapid population growth and raise standards of living. Poorly planned and implemented public goods, infrastructure and property rights inhibit economic growth in all sectors. Mindanao has always been a hotbed of violence and chaos.

In colonial times, both the Spanish and the Americans never fully conquered or pacified the island, and to this day Mindanao has not integrated into the Filipino government. Since the late s, the island has dealt with a violent communist insurgency as well as several Muslim extremist groups.

The consistent conflict has made it difficult for the Filipino government to fully apply its efforts towards anti-poverty measures. Aside from social, economic and political issues, environmental factors also contribute towards making the Philippines poor. However, environmental degradation brought about by climate change and human irresponsibility negatively affects the lives of rural Filipinos. Also, frequent natural disasters disproportionately affect poor Filipinos and worsen their already impoverished situation.

Revolutions come and go in Philippines, but the old villains -- corruption and political oppression -- remain intact, preventing Filipinos from making the great leap forwards from poverty to riches. This happens f or a familiar reason: every new regime uses the old mechanisms , which they had challenged before assuming office , to advance its own interests rather than the interests of the people at large.

The Philippines is a country rich both in natural resources e. But it remains poor. The Gross Domestic Product per capita in Philippines was last recorded at Nor has it been a surprise seeing the Philippines leave behind the old glory days of the s, remaining poor six decades later. Source: Tradingiconomics. Extractive institutions—institutions that allow a small group to extract incomes and wealth from the rest of society, and to block economic growth when its interests are threatened.

Economic growth is not just a process of more and better machines and more and better-educated people, but also a transformative and destabilizing process associated with widespread creative destruction. Growth thus moves forward only if not blocked by the economic losers who anticipate that the ir economic privileges will be lost and by the political losers who fear their political power will be eroded.