Philippines and Vietnam Economy

Republic of the Philippines TAGUIG CITY UNIVERSITY Gen. Santos Ave., Upper Bicutan, Taguig City COLLEGE OF ENGINEERING, TECHNOLOGY AND COMPUTER SCIENCE Principles of scrimping with Taxation and Agrarian Reforms Xeres Yvonne O. Quimora A Comparative Study Of Philippines and Vietnams Economy Laserna,Marknel S. Caraig, Ma. Joy Angeline E. Serrano, Ismerald BSCS-C32 Morning Philippines Vietnam economical and social environment Philippines The Philippines is a large country, with high population density, and a population exploitation stride relatively higher (2.2 pct per year in 1990-94) then the SEA standard. The ratio of urban population is high. The country spends a sizeable proportion of establishment budget, 16 percent in 1993, on education; and literacy rate is more than 80 percent. In the beginning of the 70s, the Philippines was one of the richest countries in Asia, next only to Japan and Malaysia, with an economic growth of nearly 5-6 percent per year. The economy started sliding down after that, and in 1980-85 it registered a negative growth rate of -1.88 percent per year. at that place has been a revival since then. In the latter half of the 90s, growth has picked up to 5 percent per year.

The major reason for the economic decline lies in faulty economic policies: current broadside imbalances were rising, inflation could not be curbed, and external debts reached 90 percent of gross national product. There was a clear urban bias in the development expenditure, land reforms were implemented only halfheartedly. External factors, particularly the terms of trade for its exports, were also adverse. Political instability was an special handicap. All these resulted in slow growth of economy, and slow revision in the sectoral composition in terms of the contribution to GNP and in terms of occupational diversification. Share of agriculture in GNP declined only marginally, from 25 percent in 1985 to 22 percent in 1995. Inflation was high and real wages... If you sine qua non to get a full essay, order it on our website: Ordercustompaper.com

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