Economy of the Philippines: Rising or Underperforming?
In the 1950s the economy of the Philippines had the second highest GDP per capita in Asia, alongside the continent’s most modern manufacturing sector, after Japan.
Though in the following decades, the Philippines was surpassed by the likes of South Korea, Singapore and Taiwan. Which although they didn’t know it at the time, became the first Asian tiger economies. Whilst the Philippines? Well it kind of fell out of the Asian tiger economic race. Now to be fair, Manila has been on a more stable path since its 1980s debt default. Between 2000 and 2009 growth averaged over 4.5% per year, accelerating to almost 6.5% in the decade to 2019. But 2020 saw the nation register the worst performance of any major South East Asian economy. With its history being crucial to understanding why.
#Philippines #Economics #Manila
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📘"How Asia Works: Success and Failure": https://geni.us/HowAsiaWorks
📘"The Ascent of Money: A financial History of the world": https://geni.us/TheAscentOfMoney
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Видео Economy of the Philippines: Rising or Underperforming? канала Economics AltSimplified
Though in the following decades, the Philippines was surpassed by the likes of South Korea, Singapore and Taiwan. Which although they didn’t know it at the time, became the first Asian tiger economies. Whilst the Philippines? Well it kind of fell out of the Asian tiger economic race. Now to be fair, Manila has been on a more stable path since its 1980s debt default. Between 2000 and 2009 growth averaged over 4.5% per year, accelerating to almost 6.5% in the decade to 2019. But 2020 saw the nation register the worst performance of any major South East Asian economy. With its history being crucial to understanding why.
#Philippines #Economics #Manila
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
Enjoyed the video?
Subscribe here: https://www.youtube.com/channel/UCLiRGHCMGB14Pw0yEqLM2fQ?sub_confirmation=1
Follow AltSimplified on Social media:
Facebook: https://www.facebook.com/Altsimplified/
Twitter: https://twitter.com/altsimplified
Quora: https://www.quora.com/q/economicsaltsimplified
Discord: https://discord.io/altsimplified
Other Discord Link: https://discord.gg/gTzEznrmeY
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
📕Recommended Reading:
Many have asked what we'd recommend to start reading, so check out the links below. They are affiliate links, but come at no extra cost to the viewer, you'd just be supporting the Channel if you used them.
📘"How Asia Works: Success and Failure": https://geni.us/HowAsiaWorks
📘"The Ascent of Money: A financial History of the world": https://geni.us/TheAscentOfMoney
📘"Debt: The First 5000 years": https://geni.us/DebtTheFirst500Years
🎙The mic we use to record: https://geni.us/MicWeUse
Видео Economy of the Philippines: Rising or Underperforming? канала Economics AltSimplified
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12 декабря 2020 г. 17:20:36
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