GROUP 3

M EMBERS:
ALMARIO, EZRA
NUNAN, LEAH
JUANSON, JEFFERSON
BACTAD, ERWIN
OBJECTIVES:

• WHAT IS POVERTY ALL ABOUT?

• EFFECTS OF POVERTY IN THE PHILIPPINE ECONOMY
• SOLUTIONS FOR POVERTY
LETS TALK ABOUT….

POVERTY
WHAT IS POVERTY ALL ABOUT?

POVERTY IS A STATE OR CONDITION IN WHICH A

PERSON OR COMMUNITY LACKS THE FINANCIAL
RESOURCES AND ESSENTIALS FOR A MINIMUM
STANDARD OF LIVING.
POVERTY IS ABOUT NOT HAVING ENOUGH MONEY TO
MEET BASIC NEEDS.
WHAT IS POVERTY ALL ABOUT?

HOWEVER, POVERTY IS MORE, MUCH MORE THAN

JUST NOT HAVING MONEY.

THE WORLD BANK ORGANIZATION DESCRIBES

POVERTY IN THIS WAY:”POVERTY IS HUNGER”
 BECAUSE OF POVERTY,
PHILIPPINES IS CONSIDERED
AS ONE OF THE THIRD WORLD
COUNTRIES.
EFFECTS OF POVERTY IN PHILIPPINE ECONOMY

1. REDUCED ECONOMIC GROWTH: POVERTY CAN CONSTRAIN

ECONOMIC GROWTH BY LIMITING THE POTENTIAL FOR INVESTMENT IN
HUMAN CAPITAL AND PRODUCTIVITY. WHEN A SIGNIFICANT PORTION
OF THE POPULATION IS IMPOVERISHED, THERE IS LESS DEMAND FOR
GOODS AND SERVICES, WHICH CAN STIFLE ECONOMIC ACTIVITY AND
GROWTH.
2. INCREASED INEQUALITY: POVERTY EXACERBATES INCOME
INEQUALITY, AS THOSE LIVING IN POVERTY HAVE LIMITED
ACCESS TO EDUCATION, HEALTHCARE , AND OPPORTUNITIES
FOR ECONOMIC ADVANCEMENT. THIS CAN CREATE A
CYCLE OF POVERTY, WHERE DISADVANTAGED INDIVIDUALS
STRUGGLE TO IMPROVE THEIR ECONOMIC SITUATION.
SOLUTIONS FOR POVERTY

1. EDUCATION AND SKILLS DEVELOPMENT: I MPROVING ACCESS TO

QUALITY EDUCATION, ESPECIALLY IN RURAL AREAS, CAN EQUIP
INDIVIDUALS WITH THE SKILLS NEEDED FOR BETTER EMPLOYMENT
OPPORTUNITIES. THIS INCLUDES VOCATIONAL TRAINING AND
PROGRAMS THAT CATER TO THE NEEDS OF INDUSTRIES WITH HIGH
DEMAND FOR SKILLED WORKERS.
2.JOB CREATION AND LIVELIHOOD OPPORTUNITIES:
PROMOTE ECONOMIC GROWTH AND CREATE MORE JOB
OPPORTUNITIES, ESPECIALLY IN RURAL AREAS WHERE
POVERTY RATES ARE HIGHER. THIS CAN BE ACHIEVED
THROUGH INVESTMENT IN KEY SECTORS LIKE AGRICULTURE ,
MANUFACTURING, TOURISM, AND INFORMATION
TECHNOLOGY.
“UNITY IS THE GREATEST SOLUTION TO
OVERCOME POVERTY”