Frequent question: What are the causes of economic problems in the Philippines?

How can the Philippines solve their economic problems?

Filipino nationalists suggest the following alternatives as solutions to the economic problems: Governmental support to local entrepreneurs and development of local industries. … Development of the national steel industry. Provision of real wages and profit sharing in business.

What are the 5 causes of poverty?

What are the causes of poverty? Explain in at least 5 points

  1. Increase rate of rising population: …
  2. Less productivity in agriculture: …
  3. Less utilization of resources: …
  4. A short rate of economic development: …
  5. Increasing price rise: …
  6. Unemployment: …
  7. Shortage of capital and able entrepreneurship: …
  8. Social factors:

What are the main problems in the Philippines?

The Philippines also suffers major human-caused environmental degradation aggravated by a high annual population growth rate, including loss of agricultural lands, deforestation, soil erosion, air and water pollution, improper disposal of solid and toxic wastes, loss of coral reefs, mismanagement and abuse of coastal …

What can government do to improve economy?

Infrastructure spending is designed to create construction jobs and increase productivity by enabling businesses to operate more efficiently.

  • Tax Cuts and Tax Rebates.
  • Stimulating the Economy With Deregulation.
  • Using Infrastructure to Spur Economic Growth.

What is the main cause of poverty?

This might seem like a no-brainer: Without a job or a livelihood, people will face poverty. Dwindling access to productive land (often due to conflict, overpopulation, or climate change) and overexploitation of resources like fish or minerals puts increasing pressure on many traditional livelihoods.

IT IS AMAZING:  How long did the fall of Saigon last?

What are the causes and solutions of poverty?

Social – The various social issues that contribute largely to poverty are: a. Education and illiteracy – Lack of education and growing illiteracy is majorly responsible for poverty in India. Due to the increase in the illiteracy rates, unemployment rises and resultantly poverty rates increase.