The Philippines’ Uneven Economic Boom

Philippines Regions MapFor decades, the Philippines has been noted for its economic failures. Fifty years ago, it was ahead of South Korea on most economic indicators, and its relatively high levels of education and public health seemingly indicated a bright future. Misrule, corruption, and missed opportunities, however, took a heavy toll, as did a persistently high birthrate, leading many observers to dub the Philippines the “sick man of Asia.” As a result of such problems, the Philippines has had to export much of its labor force. Currently, more than 9… – Read More