Topic > Philippines: Factors Influencing Development and Growth

The Republic of the Philippines is a lower-middle-class archipelago country in Southeast Asia. The Philippine region has one of the fastest growing economies in the world and this can be attributed to the numerous factors that impact the overall composition of this country. To describe the Philippines, this essay analyzes some factors that influence the composition of the country. Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get an Original Essay The Philippines is considered a newly industrialized country. This is based on the fact that the Philippine economy is transitioning from an agriculture-based economy to one based more on services and manufacturing. The general industrialization of the Philippines began in 1946 after the Philippines gained political independence from the United States, and this initial movement has steadily strengthened the country's economy. Land in the Philippines is used for many reasons. The two most important and specific uses are agriculture (40%) and forestry (25%). Although most of the land is used for natural resource harvesting and agriculture, the country's exports do not reflect land use as one would expect. The Philippines' largest exports are information and communications technologies followed by integrated electronic circuits. Both of these exports are high-tech and often surprising that they come from a less developed country, but the reasoning behind this production is the market for such products and their employers. Employers are often wealthy companies from more developed countries that benefit from the cheaper labor and costs of less developed countries. After examining the characteristics of the different phases of the Rostow model, the Philippines appears to be in phase 2 of the Rostow model. Phase 2 of the model is called “the preconditions for take-off” and reflects many of its features in those of the Philippines. The second phase describes the majority of a region's investment in a single sector, and in the Philippines this would be the electronics assembly industry based in Manila. One factor preventing the Philippines from moving to the third stage is its heavy reliance on subsistence agriculture. A fairly large portion of the Philippines' population depends on or works in subsistence agriculture to earn a living. Much of the country's other income comes from remittances from members of the country who travel abroad to find work. This dependence on external sources of money also weighs on the country and does not encourage its transition to the "take-off" phase of the Rostow model. As far as the Wallerstein model is concerned, the Philippines is located as a periphery on both regional and global scales. The Philippines is peripheral, because it is used by most other countries for its relatively cheap labor and resources, but it hardly uses other countries' natural resources for its own profit. Indeed, in addition to low-cost production for richer countries, the Philippine economy relies heavily on remittances from citizens working abroad. This practice further cripples the Philippine economy making it difficult to overcome being a peripheral country. The Philippines' HDI is 0.712, which simply means slightly above the middle region of the human development scale. The HDI is derived from three main factors: the life expectancy index (71.1 in the Philippines), the education index (0.667 in the Philippines), and the gross national income or GNI (which is $9,540 per understood in the Philippines). All the datathey help reflect the development of the country as a whole. On a regional scale, when comparing their HDIs, the Philippines ranks right in the middle of other Southeast Asian countries. However, on a global scale, the Philippines ranks approximately 113th in registered HDIs. This seemingly low ranking still places it at the top of the central development section of the global data. The Philippines provides natural resources and cheap labor to many richer countries, but also supplies some manufactured goods to less developed countries located in their region. This information also expresses the tendency of the Philippines to also play the role of a country with a medium economy. All these data show that the Philippines is an average country and so far does not express drastic factors in its development. Women in the Philippines have fared quite well in recent years, the country even ranked in the top ten of most gender-equal countries in the world. And although this year they retained their title as the most gender-equal Asian country, they missed out on the top ten in the world rankings and fell eight places to sixteenth. In the 2019 report they had closed their gender gap by 80%, but in the 2020 gender gap report their rate had dropped to 78%. Much of this change can be attributed to the decrease in the number of women in the government system over the past year. Despite the decline in equality, the Philippines is still a highly equitable country. Indeed, the physical health gap in the Philippines has been completely closed and has remained so. In the Philippines, women even tend to live about five years longer than men. In terms of education, women outnumber men in both primary and tertiary enrollments. Women's higher education in the Philippines is a major cause of its high gender equality. The more educated women are, the more empowered they will be, because they will know the potential that has previously been achieved. And the more they gain power, the more equal they will be in challenging the barriers of gender inequality and overcoming previous limitations. standard. The Philippines is one of the highest-scoring Asian countries in terms of environmental sustainability, and while it has some things to change, it is committed to becoming more sustainable. Carbon emissions per capita in the Philippines are 1.1 tons, which is relatively low compared to the rest of the world. Another relatively low statistic of the Philippines is the percentage of fossil fuel energy consumption in total energy consumption, which is 62.4%. This statistic is quite low, but it can still be improved, and that is exactly what the Philippines is planning to do. The Philippines was one of the 193 member states of the United Nations General Assembly that adopted the Sustainable Development Agenda. The Philippines even went a step further and committed to making the agenda a reality and creating a plan (the new Philippine Development Plan) to implement the agenda. One of the initiatives that the Philippines has taken part in is ecotourism. Ecotourism is when a country works to make their country's tourist areas more desirable to vacationers by making them environmentally friendly. Tourism makes up a good portion of the Philippines' economy, so implementing ecotourism not only improves the situation by attracting more tourism, but also truly helping the environment in the area. Sustainable agriculture in the Philippines has begun to be implemented through the use of modern technologies. In the hope of.