Development in the

Philippin es

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the Philippines about 250,000 to 300,000 years ago. They arrived from other countries through the land bridges. They had primitive economic existence. More civilized migrants came in later years.

time. The Spanish rule introduced the tobacco monopoly and galleon trade fro the benefits of 2 top ranking Spanish citizens. Similarly, the Americans exploited our agriculture economy. Japan completely ruined our economy.

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The Philippine government got its political independence in 1946, but not economic independence from the United States. The import control program of President Carlos Garcia gave a breathing space for Filipino entrepreneurs. However, this did not last. The U.S. had its own way in dominating the Philippine economy.

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Aquino as President. Under her administration, the engine of economic development has been assigned to the private business sector. The Ramos government has sustained most of the good programs of the Aquino administration.

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Poverty has remained a serious problem in the country. This has spawned not a few social problems like unemployment, housing, prostitution, robbery and other allied social crimes, many are squatters in their own country.

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and technical assistance programs for the poor who are interested in putting up their micro business. Even some NGO’s are actively involved in entrepreneurial projects for the poor.