Vallarta, Michael BSMA 1-A

Questions:

1. How the pandemic ruined the Phil. Economy? Cite an example.

EDUCATION

Covid-19 have greatly affected the philippines in its number of deaths and cases. Moreover, there are
three(3) things that is affected, Education, Business, and Transportation.

Philippines education is affected, how? Before this pandemic strikes Philippines, The DepEd or the
goverment is competting the world when it started K12 curriculum. A more traditional way is used and it
is the face to face learning, wherein students are in the classroom learning the new K12 curriculum.
Moreover, the COVID-19 oandemic makes everyone panic on how to cope up with the situation.

The COVID-19 has resulted in schools shut all across the world. Globally, over 1.2 billion children are out
of the classroom. As a result, education has changed dramatically, with the distinctive rise of e-learning,
whereby teaching is undertaken remotely and on digital platforms.Research suggests that online
learning has been shown to increase retention of information, and take less time, meaning the changes
coronavirus have caused might be here to stay.

BUSINESS

Coronavirus disease 2019 (COVID-19) has caused a major economic shock. In this paper, we explore the
impact of COVID-19 on the small business in the Philippines.Most small businesses lack the cash
reserves to weather a month-long interruption, and forecasts indicate more than 2 million workers
could lose their jobs in just one week as a result of the coronavirus pandemic. Since it surprises
everyone, people and goevernment are not prepared especially to those small businesses. Workers are
told to stop working and some business stopped because lockdowns are implemented and people are
not allowed to go out thus resulting to less income to small businesses. This pandemic caused a
widespread damage to the business sector because a lot of people are unemployed, businesses stopped
and people who are forced to stop working leaned unto the governments subsidy.This resulted to the
Philippines' economic to decrease and put into imbalance.

TRANSPORTATION
During COVID 19 Pandemic, lockdowns are implemented in the Philippones to lessen the going out of
people. The government made different quarantine types, which are:

Enhanced community quarantine- effectively a total lockdown, restricting the movement of the
population except for necessity, work, and health circumstances, in response to the COVID-19 pandemic
in the Philippines.

General Community Quarantine- is a form of quarantine with more relaxed measures compared to the
enhanced community quarantine (ECQ).

Modified General Community Quarantine- regular citizens are freer to move around. However, they are
still urged to travel only when necessary – to buy food and essential items, or for work. Travel for leisure
is still prohibited.

Modified Enhanced Community Quarantine- movement into and out of areas in ECQ and MECQ is
restricted.

Thus, transportation is affected. No jeepneys,taxis, motorcycle, local and international flights and other
means of transportation is allowed. People who have work just walk under the heat just to enter their
buildongs. Sick people who needs to go to the hospital are carried on in a wheel chair.There is a chaos
between the government and commuters especially to the drivers whose work and source of income
comes from these means of tramportation

2.What are the major indicators of economic development for a country? Cite an example.

Economic development is the process of improving economic welfare in an economy. Economic

development can involve a stronger economy enabling a greater range of social services that improve a
nation’s welfare. For example, an undeveloped economy will be primarily based on agriculture and very
limited social services such as health care and education. Economic development involves an increase in
real incomes, higher life expectancy, lower poverty and a greater provision of basic amenities.

>>Per Capita Income (PCI) and Per Capita Consumption (PCC):

1.)Real GDP per capita – gross domestic product. The nation’s total economic output which is the same
as a nation’s income.

2.)GDP at purchasing power parity (PPP) takes into account the local purchasing power of the currency
and is a better guide to actual living standards.
>>Physical Quality Life Index (PQLI) and Human Development Index (HDI):

3.)Levels of absolute poverty, e.g % of population with income less than minimum necessary to meet
basic necessities of life.

4.)Malnutrition levels. Percentage of population with insufficient food – levels of malnutrition.

5.)Access to safe water. Percentage of population with access to safe water supply and sanitation

6.)Literacy rate – The percentage of a population that can read and write. Also consider gender
discrepancy.

7.)Mean years of education – Length of education gives indication on deeper education standards.

>>Industrial Progress and Capital Formation:

8.)Openness of economy to international trade. Also, levels of foreign direct investment.

9.)Share of agriculture in economy. Over 90% indicates an undeveloped economy. Less than 10% of
economy in agriculture suggests more developed economy.

10.)Qualityofnation’sinfrastructure–quantityandqualityofroads,railwaysandairports.

Singapore was an undeveloped country with a GDP per capita of less than $320. Today, it is one of the
world's fastest growing economies. Its GDP per capita has risen to $60,000, making it the sixth highest in
the world. For a country that lacks territory and natural resources, Singapore's economic ascension is
nothing short of remarkable. Singapore is a highly industrialised economy with entrepôt trade playing a
central role. The port of Singapore is now the world’s busiest transhipment port surpassing Hong Kong
and Rotterdam. In terms of tonnage handled, Singapore has become the world’s second busiest port
after Shanghai. Singapore's economic model of sacrificing a whole range of personal freedoms in the
name of economic growth is highly controversial and heavily debated.
Singapore GDP per capita 1960-2018. Source World Bank. The latest data for 2018 have been added.
GDP growth averaged +6.4% between 1976 and 2017