Per

ryEl
l
isDel
l
a12St
.Mat
thew

Pov
ert
yint
hePhi
l
ippi
nes:

Pov er tyandi nequal ityhav ebeenr ecur rentchal lengesi nthePhi l

ippinesandhav e
agai ncomet ot hef or eint hewakeoft hecur rentgl obal fi
nancial cri
sisandr i
sing
food, f
uel,andcommodi typr i
cesexper i
encedi n2008.Thepr opor t
ionof
househol dslivingbel owt heof fi
cial pov ertyl i
nehasdecl inedv eryslowl yand
unev enlyinthepastf ourdecades, andpov ertyr educt ionhasbeenmuchsl ower
thani nnei ghbor ingcount riessuchast hePeopl e’sRepubl icofChi na( PRC) ,
Indonesi a,Thai land, andVi etNam.Thegr owt hoft heeconomyhasbeen
char acterizedbyboom andbustcy cles, andcur rentepisodesofmoder ate
economi cexpansi onhav ehadl imitedi mpactonpov ertyreduct i
on.Ot her
reasonsf orther elativelymoder atepov ertydecl i
nei ncludethehi ghr ateof
inequal ityacrossi ncomebr acket s, r
egions, andsect ors;highpopul ationgr owt h
rat es; andper enni al occur rencesofdi sast ersandl ongstandingconf l
ictsin
variousr egi ons,especi allyinMi ndanao.
https: //www. googl e.com/ sear ch? q=Gi ve+one+Cur rent +economi c+pr oblem+i n+t
he+Phi l
ippines+make+a+sol utions+based+on+economi c+principles&client=ms-
andr oid-
oppo&sca_ esv =5278b46dd4ebd301&t bm=i sch&pr md=ni bv&sxsr f
=ACQVn0-
8UY2i _JZr bdgzYPBj E1nsmg3ODQ: 1707794697650&sour ce=lnms&sa=X&v ed=2a
hUKEwi UwLWCr 6eEAx Xamq8BHUoBBUMQ_ AUoAnoECAYQAg&bi w=360&bi h=59
8&dpr =3#i mgr c=s4PQP2Z5hS2B6M

Asol uti
onbasedoneconomi cpri
ncipl
escouldi nvolv
ei mplementi
ngpol i
cies
thatpromot einclusi
veeconomi cgrowth.Thiscoul dincl
udeinvest
ingi n
i
nfrastr
ucturedev el
opmenttoimpr oveaccesst omar ketsandservices,
promot i
ngsmal landmedi um-sizedenter
prises( SMEs)throughtar
get ed
f
inancialsupportandbusi nessdevelopmentprogr ams,andi mpl
ementingsocial
safetynetstoprotectvul
nerablepopul at
ions.