Socio-economic

Development
● Definition
● Nature and
● Content of Socio
Economic
Development in
Provicial,Regional and
and National Level
Reporters:

Bolima,Romeo
Castellfort ,Monica
Estacio,Meljane
What is socio-
economic
development?
 Socio-economic Development
● the transformation of a society with regard to
social and economic dimension
● incorporates public concerns in developing social
policy and economic initiatives.
● emphasizes progress in terms of economic and
social factors within a geographic unit.
https://www.igi-global.com/dictionary/knowledge-co-production-and-sustainable-socio-economic-
development/27587
 ●  is the process
Socio- of social and economic
development in a
economic society. Socio-economic
development is measured
development
.   with indicators, such as
GDP, life expectancy,
literacy and levels of
employment
Economic development
●  increases individual resources, reducing
dependency on the extended family or
group. This gives people opportunities
and means to make choices enabling
them to pursue autonomy and take
personal responsibility.
Social development

●is defined as an on-going

refinement of existing behavioral
patterns, feelings, attitude toward
others, and understanding of
others.
The difference between economic
development and social development.

Economic change is a process in which that

involves agriculture, industry, trade, transport,
irrigation, power resources etc.

  Social development is related to the

improvements in health, education, housing,
drinking water, etc.
 ● raises people's
productivity and
creativity and promotes

Education
entrepreneurship and
technological advances.
In addition it plays a very
crucial role in securing
economic and social
progress and improving
income distribution.
● According to this theory, education is not a form of
consumption that represents a costly expenditure for
government but instead serves as an investment that
improves the economic worth of individuals (e.g., human
capital) and thereby raises a country's overall productivity
and economic competitiveness.
DEPED GETS THE HIGHEST BUDGET ALLOCATION FOR 3 CONSECUTIVE YEARS
 ● The Department of
Education (DepEd)
will get a P606.6
EDUCATION billion budget under
the proposed P4.506-
trillion national budget
for 2021 that was
submitted to
Congress.
 According to DBM…
● “Education is still a top priority. In fact, it receives the
highest portion of our budget.” the budget chief remarked.

● Education continues to receive the highest allocation in

the proposed 2019 budget with a total budget of P659.3
billion, up by P72.2 billion, or by 12.3 percent, from its
cash-based equivalent of P587.1 billion in 2018.
Phil. National Socio-Economic
Development Plan
 What is‘NEDA’?
● The National Economic and Development
Authority (NEDA) is the Philippines' social and
economic development planning and policy
coordinating body. As mandated by the Philippine
Constitution, is the country's independent
economic development and planning agency.
What is Philippine Development Plan?

The Philippine Development Plan (PDP) 2017-

2022 is the first medium-term plan anchored on
the AmBisyonNatin2040, consistent with
Executive Order No. 5, S. 2016. The goal of the
PDP 2017-2022 is to enable Filipinos to attain a
Matatag, Maginhawa at Panatag na buhay.
Parts of the PDP 2017-2022
Purpose of PDP

● The current Plan aims to lay a stronger foundation

for inclusive growth, a high-trust society,
and a globally-competitive economy toward
realizing the vision by 2040.
Under the current plan, the target is to reduce
poverty incidence from 21.6 percent in 2015 to
14.0 percent by 2022.
Socio-economic Development

The ultimate objective of social-economic development

is to bring about sustained improvement in the well-being
of the individual, groups, family, community, and society at
large.

It involves sustained increase in the economic standard of

living of a country’s population, normally accomplished by
increasing its stocks of physical and human capital and
thus improving its technology
 Nature
Of
Socio-economic
Development
The nature of socio-
economic development is
determined by:

a. development
PROCESSES and

b. development
TARGETS.
 Generally, those
processes are internally
ordered sequences of
change in states of affairs,
or stages in which some
states determine other
states that follow them
 HUMAN DEVELOPMENT INDEX (
HDI)

PER CAPITA INCOME ( PCI)

INDICATORS OF
SOCIO GROSS NATIONAL INCOME
(GNI)
ECONOMIC
DEVELOPMENT
GINI- COEFFICIENT

Gross domestic happiness

Index (GDHI)
Contents of the
Socio-Economic
Development
Plan

(Philippine
Setting)
According to NEDA socio
economic report
2018,based on the 2018
Global Innovation Index
Report, the Philippines’
ranking has remained
stagnant at 73rd out of 126
economies.
Socio -Economic
Development Plan

2017-2022
National Level
Pillar 1

Enhancing Social Fabric

( Malasakit

Pillar 2: Inequality-
reducing transformation
(Pagbabago)

Pillar 3: Increasing
growth potential
(Patuloy na Pag-unlad)
Pillar 1 Enhancing Malasakit
REGIONAL SOCIO
ECONOMIC
DEVELOPMENT
PLAN