THE PHILIPPINE

SOCIO-ECONOMIC
DEVELOPMENT.
BY: AILEEN SISON ALMERO
PRE-COLONIAL AND COLONIAL
PERIODS
• The Republic of the Philippines is a nation of islands located
south and east of the Asian mainland. (Hinkelman, 1996).
• Although strongly Asian in heritage and culture, the
Philippines has a complex Western overlay that includes
Spanish and American colonial influences.
• Spanish influence began with the arrival of Magellan in 1521,
and colonial control was established at around 1575.
POST WORLD WAR II
• By the end of the second world war, the Philippines was
maintained largely as a colony throughout much of its
modern history.
• Except for the mostly low value added commodities
and goods produced for the experts its economy
remained largely subsistence based well into the 20th
century.
MARTIAL LAW ERA
• Ferdinand Marcos was elected in 1965, and got re-elected in 1969. In
1972 he declared Martial Law, apparently to clean up abuses and get
the country moving again.
• In 1960’s. the Philippines was regarded as the second wealthiest
country in Asia surpassed only by the Japan.
• Ninoy Aquino who was about to oppose Marcos, was assassinated, all
the blame was putted to Marcos.
• By 1986, Cory Aquino successfully took the presidency from Marcos with
the support of Military who turned out, priests and nuns, and with the
thousands of Filipinos who joined the “People Power”.
POST EDSA ECONOMY
• Following an initial burst of euphoria on the heels of the People
Power revolution, economic conditions actually worsened for
many sectors of the population during the Aquino Administration.
• In 1991, Filipino legislators voted for the removal of the American
military facilities in the Philippines. Aquino, who withstood seven
military coup attempts during her tenure, largely because of the
support of military chief of Gen. Fidel Ramos, endorsed Ramos as
her replacement in the election of 1992.
THE PHILIPPINES AFTER 2000
• The election of Fidel V. Ramos to the presidency in 1992
was a turning point for the Philippines. It marked the
beginning of economic stability never before seen in the
country.
• Philippines joined the ASEAN (Association of South East
Asia Nation)
ECONOMIC HISTORY OF THE
PHILIPPINES
Period Economic Highlights
1565 Pre-colonial Native Society.
1570+300 Spanish Colonization
1896-1903 War Economy
1900-1945 The American Enterprise
1946 Philippines gained full independence. Manual A. Roxas was elected president.
1965-1986 Ferdinand Marcos regime; PH joined ASEAN; Martial Law.
1986-1992 Corazon Aquino regime; Democracy; Foreign Investment Act of 1991.
1992-1998 Fidel V. Ramos regime; Asian Financial Crisis.
1998-2001 Joseph Estrada regime; Angat Pinoy 2004 was introduced.
2001-2010 Gloria Arroyo regime; Strong Republic National Highway was introduced.
2010-2016 Benigno Aquino III regime; 4P’s program; Go Negosyo Act.
2016-PRESENT Rodrigo Duterte regime; The Philippine Development Plan was launched.
MAJOR ECONOMIC PROBLEM IN THE
PHILIPPINES
• 1.) Unemployment – only ¼ of the Filipino working population that enter the
labor force are able to find good jobs in the country.
The Unemployment Rate
MAJOR ECONOMIC PROBLEM IN THE
PHILIPPINES
• 2.) Poverty – the Philippines is a fast growing Economy, there has been a minor
decline in the incidence of the poverty
The Poverty in the Philippines
MAJOR ECONOMIC PROBLEM IN THE
PHILIPPINES
• 3.) Poor Infrastructure – is one of the biggest challenges because our country
does not fare well in terms of quality of the overall infrastructure.
Haiyan’s Devastation
MAJOR ECONOMIC PROBLEM IN THE
PHILIPPINES
• 4.) Heavy Dependence on Remittances – The Philippines is the third-highest
recipient of migrant remittances on which the country heavily relies.
MAJOR ECONOMIC PROBLEM IN THE
PHILIPPINES
• 4.) Issues about Corruption – According to Global Security (2016), corruption is
still a pervasive and long-standing problem in the Philippines.
THANK
YOU! 