Professional Documents
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PHILIPPINES:
Why our country is
poor? Dont we have
resources for the
development of our
country? Is there a
possibility for our
country to be
developed? How can
our country become
It wouldn't come as
a surprise if that
happens. The
Philippines'
economic growth
momentum is
higher, and is
expected to grow
seven percent this
year, according to
reports. It continues
to thrive despite the
fluctuating growth
in Southeast Asia.
Two factors that the
International
Monetary Fund
(IMF) has seen that
contributed to the
country's robust
economy are: (1)
"robust
consumption,"
"resilient remittance
inflows." Also, given
the improving
employment rate
due to the advent
of the Business
Process Outsourcing
(BPO) industry,
providing a 35%
growth in
employment by the
end of the year.
The industry is
expected to bring in
about $25 billion in
together. The
Filipino does not
have this. Why?
Their own
Government can't
be trusted because
of corruption.
Democratic? The
Filipino people
barely have a say in
their country. The
only way they will
become a 1st world
country is by
getting rid of their
3rd world good for
nothing politicians
who instead of
helping their
people, steal from
them.
Which Philippine
President Caused
found:
the Downfall of
the Philippine's
Economy?
Which president
actually made us
the Sick Man of
Asia? I decided to
take a look at one
prominent
analytic
indicator the
Philippine peso US dollar
exchange rate. I
particularly
looked for the rise
and fall of the
Philippine peso
from 1965 (the
Year Ferdinand
Marcos took
office) to 2012.
Luckily, I found a
site
(www.fxtop.com)
that actually
calculated for
historical Foreign
Exchange data.
still lingers in my
USD
mind. If Ferdinand
Exchange
Rate (USD
to 1-PHP /
1000)
presidents after
anything to bring
Product -
GDP (in
In fact, theyve
billions
brought it down
USD)
Well, Benigno P-
Red
www.tradingec
On the other
onomics.com
hand, I think I
Data Source
owe GMA an
for Debt-GDP
Ratio: The
to GDP
Ratio (perc
to make it right.
entage %
of Debt /
GDP)
windfall in terms
accused her of
www.tradingec
bringing our
Data Source
Exchange Rate
History:
www.fxtop.co
m
Looking at this
new chart still
seems to point at
Ferdinand Marcos
downfall. During
somehow, it just
doesnt seem to
Debt-GDP Ratio of
be enough. P-Noy
cant afford to
(which is
extremely bad)
exchange rate
mountain to
plummeted by
climb.
here's an updated
improve during
chart containing
the following
data:
improvement to
cover for our
Line: PHP-
country's
investments since
Blue
economy down;
for PHP-USD
causing the
of foreign
apology. I openly
peso.
Line: Debt
Line: Gros
s Domestic
Data Source
for GDP: The
Green
him done
even further.
SOURCES:
massive debts
and a falling
I suppose many
are still
wondering why
havent felt these
economic boons. I
have two suspects
for you...
population and
corruption. I'm
already looking
for data on these
two indicators and
will post it here
soon.
Thats why this
coming national
election we must
choose who will
the the best
candidate for our
leader. We must
learn from the
past experience
and choose better
leader that can
lead our country
to prosperity WE
MUST VOTE
WISELY......
References:
1. Our Knowledge
consulting Asia
2.
http://fxtop.com/en
/historicalexchange-ratescomparison.php