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Income Inequality In The Philippines
Income inequality in the Philippines is the extent to which income, most commonly measured by household or individual, is distributed in an uneven manner in the Philippines. Overview Based on gathered data, the gross domestic product (GDP) of the Philippines has been growing at a rate of 6.8%. ''Source:Philippines GDP-Real Growth Rate-Economy(www.indexmundi.com)'' According to World Bank Country Director Motoo Konishi, the Philippines had become a "rising tiger" in East Asia. However, at the same time, during the 2010–2011 fiscal year, the increase in the wealth of the richest families in the Philippines, amounting to 47.39%, comprised 76.5% of the GDP increase for that year. Thus, the benefits of this economic growth has not yet trickled down to the poorer segments of the population, as seen with the malnutrition, and poverty that continue to plague the country despite the fact that the economy seems to be growing. According to Albert and Ramon, the poorest 20% of the popul ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Philippines
The Philippines (; fil, Pilipinas, links=no), officially the Republic of the Philippines ( fil, Republika ng Pilipinas, links=no), * bik, Republika kan Filipinas * ceb, Republika sa Pilipinas * cbk, República de Filipinas * hil, Republika sang Filipinas * ibg, Republika nat Filipinas * ilo, Republika ti Filipinas * ivv, Republika nu Filipinas * pam, Republika ning Filipinas * krj, Republika kang Pilipinas * mdh, Republika nu Pilipinas * mrw, Republika a Pilipinas * pag, Republika na Filipinas * xsb, Republika nin Pilipinas * sgd, Republika nan Pilipinas * tgl, Republika ng Pilipinas * tsg, Republika sin Pilipinas * war, Republika han Pilipinas * yka, Republika si Pilipinas In the recognized optional languages of the Philippines: * es, República de las Filipinas * ar, جمهورية الفلبين, Jumhūriyyat al-Filibbīn is an archipelagic country in Southeast Asia. It is situated in the western Pacific Ocean and consists of around 7,641 islands t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Crony Capitalism
Crony capitalism, sometimes called cronyism, is an economic system in which businesses thrive not as a result of free enterprise, but rather as a return on money amassed through collusion between a business class and the political class. This is often achieved by the manipulation of relationships with state power by business interests rather than unfettered competition in obtaining permits, government grants, tax breaks, or other forms of state intervention over resources where business interests exercise undue influence over the state's deployment of public goods, for example, mining concessions for primary commodities or contracts for public works. Money is then made not merely by making a profit in the market, but through profiteering by rent seeking using this monopoly or oligopoly. Entrepreneurship and innovative practices which seek to reward risk are stifled since the value-added is little by crony businesses, as hardly anything of significant value is created by them, wit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Social Issues In The Philippines
Human rights in the Philippines are protected by the Constitution of the Philippines, to make sure that persons in the Philippines are able to live peacefully and with dignity, safe from the abuse of any individuals or institutions, including the state. The concept and practice of human rights within the Philippines is defined by Article III of the Philippine Constitution, as well as the United Nations' International Bill of Human Rights, to which the Philippines is a signatory. Concept The concept of "human rights," in the context of the Philippines, pertains mainly (but is not limited) to the civil and political rights of a person living in the Philippines. Human rights are a justified set of claims that set moral standards to members of the human race, not exclusive to a specific community or citizenship. Membership in the human race is the sole qualification to obtain these rights. Human rights, unlike area-specific conventions of international laws (e.g. European C ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Philippine Provinces By Human Development Index
This is a list of regions and provinces of the Philippines by Human Development Index (HDI) as of 2019. Regions The HDI values below are based on the preliminary estimates of the 2019 Provincial Human Development Index by the Philippine Statistics Authority, as well as the Global Data Lab estimates published by the Radboud University Nijmegen Center for Economics. Highs and lows All provinces surrounding Metro Manila have a HDI value. Metro Manila, Benguet, Iloilo, and Rizal already have HDI values (≥0.800). The southern region of Mindanao has three of the provinces with the lowest () HDI values (<0.550). 
Provinces The HDI values ...[...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Poverty In The Philippines
According to official government statistics, in 2021, the Philippine poverty rate rose to 18.1%, or roughly 19.99 million Filipinos, after the COVID-19 pandemic hampered years of government poverty reduction efforts; this was higher than the 16.6% or 17.67 million recorded in 2018 but lower than the 25.2% poverty rate recorded in 2012. As of 2018, the rate of decline of poverty has been slower compared with other East Asian Countries, such as People's Republic of China (PRC), Thailand, Indonesia, or Vietnam. National Economic and Development Authority (NEDA) deputy director general Rosemarie Edillon attributed this to a generally low and stable inflation, improved incomes and higher employment rates during the period. Poverty Background , about 19.99 million Filipinos lived in poverty. Through various anti-poverty programs, such as the Comprehensive Agrarian Reform, ''Lingap Para sa Mahirap'', and the Social Reform Agenda, the Philippines has been through a long battle to ame ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economic Inequality
There are wide varieties of economic inequality, most notably income inequality measured using the distribution of income (the amount of money people are paid) and wealth inequality measured using the distribution of wealth (the amount of wealth people own). Besides economic inequality between countries or states, there are important types of economic inequality between different groups of people. Important types of economic measurements focus on wealth, income, and consumption. There are many methods for measuring economic inequality, the Gini coefficient being a widely used one. Another type of measure is the Inequality-adjusted Human Development Index, which is a statistic composite index that takes inequality into account. Important concepts of equality include equity, equality of outcome, and equality of opportunity. Whereas globalization has reduced global inequality (between nations), it has increased inequality within nations. Income inequality between nations peak ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Regressive Tax
A regressive tax is a tax imposed in such a manner that the tax rate decreases as the amount subject to taxation increases. "Regressive" describes a distribution effect on income or expenditure, referring to the way the rate progresses from high to low, so that the average tax rate exceeds the marginal tax rate.Hyman, David M. (1990) ''Public Finance: A Contemporary Application of Theory to Policy'', 3rd, Dryden Press: Chicago, ILJames, Simon (1998) ''A Dictionary of Taxation'', Edgar Elgar Publishing Limited: Northampton, MA In terms of individual income and wealth, a regressive tax imposes a greater burden (relative to resources) on the poor than on the rich: there is an inverse relationship between the tax rate and the taxpayer's ability to pay, as measured by assets, consumption, or income. These taxes tend to reduce the tax burden of the people with a higher ability to pay, as they shift the relative burden increasingly to those with a lower ability to pay. The regressivity ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Internal Revenue Allotment
The Internal Revenue Allotment (IRA) is a local government unit’s (LGU) share of revenues from the Philippine national government. Provinces, independent cities, component cities, municipalities, and barangays each get a separate allotment. The allotment is largely based upon the type of government they are and a formula based upon their land area and population. Section 284 of the Local Government Code of the Philippines (RA 7160) sets up the formula for the distribution of the allotment. All or nearly all of the revenue that a local government has to spend comes from their IRA, though some local governments also have additional local sources of revenue such as property taxes and government fees. Typically for municipalities, the IRA accounts for 90% of total revenues. Since cities have more sources of local revenues, their IRA ranges from 50% to 70% of their total budget. A portion of each local government unit's allotment is set aside their Sangguniang Kabataan S ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gloria Arroyo
Maria Gloria Macaraeg Macapagal Arroyo (, born April 5, 1947), often referred to by her initials GMA, is a Filipino academic and politician serving as one of the Deputy Speaker of the House of Representatives of the Philippines, House Deputy Speakers since 2022, and previously from 2016 to 2017. She previously served as the List of presidents of the Philippines, 14th president of the Philippines from 2001 until 2010. She is the longest serving president of the Philippines since Ferdinand Marcos. Before her accession to the presidency, she served as the List of vice presidents of the Philippines, 10th vice president of the Philippines from 1998 to 2001 under President Joseph Estrada, making her the country's first female vice president, despite having run on an opposing ticket. She was also a Senate of the Philippines, senator from 1992 to 1998. After her presidency, she was elected as the House of Representatives of the Philippines, representative of Pampanga's Pampanga's 2nd cong ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fidel Ramos
Fidel Valdez Ramos (, ; March 18, 1928 – July 31, 2022), popularly known as FVR and Eddie Ramos, was a Filipino general and politician who served as the 12th president of the Philippines from 1992 to 1998. He was the only career military officer who reached the rank of five-star general/admiral ''de jure''. Rising from second lieutenant to commander-in-chief of the armed forces, Ramos was widely credited and admired by many for revitalizing and renewing international confidence in the Philippine economy during his six years in office. He is the third oldest to assume the presidency, together with the current 17th president, Bongbong Marcos, next to Sergio Osmeña and Rodrigo Duterte. Ramos rose through the ranks in the Philippine military early in his career and became Chief of the Philippine Constabulary and Vice Chief-of-Staff of the Armed Forces of the Philippines during the term of President Ferdinand Marcos. During the 1986 EDSA People Power Revolution, Ramos was h ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Corazon Aquino
Maria Corazon "Cory" Sumulong Cojuangco-Aquino (; ; January 25, 1933 – August 1, 2009) was a Filipina politician who served as the 11th president of the Philippines from 1986 to 1992. She was the most prominent figure of the 1986 People Power Revolution, which ended the two-decade rule of President Ferdinand Marcos and led to the establishment of the current democratic Fifth Philippine Republic. Corazon Aquino was married to Senator Benigno Aquino Jr., who was one of the most prominent critics of President Marcos. After the assassination of her husband on August 21, 1983, she emerged as leader of the opposition against the president. In late 1985, Marcos called for a snap election, and Aquino ran for president with former Senator Salvador Laurel as her running mate for vice president. After the election held on February 7, 1986, the Batasang Pambansa proclaimed Marcos and his running mate Arturo Tolentino as the winners, which prompted allegations of electoral fraud ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
People Power Revolution
The People Power Revolution, also known as the EDSA Revolution or the February Revolution, was a series of popular Demonstration (people), demonstrations in the Philippines, mostly in Metro Manila, from February 22 to 25, 1986. There was a sustained campaign of civil resistance against regime violence and electoral fraud. The nonviolent revolution led to the departure of Ferdinand Marcos, the end of his 20-year dictatorship and the restoration of democracy in the Philippines. It is also referred to as the Yellow Revolution due to the presence of yellow ribbons during demonstrations (in reference to the Tony Orlando and Dawn song "Tie a Yellow Ribbon Round the Ole Oak Tree") as a symbol of protest following the Assassination of Benigno Aquino Jr., assassination of Filipino senator Benigno "Ninoy" Aquino, Jr. in August 1983 upon his return to the Philippines from exile. It was widely seen as a victory of the people against two decades of presidential rule by President Marcos, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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