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Philippines.pptx

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Philippines.pptx

  1. 1. The contemporary world
  2. 2. GLOBAL CITY · Primary node in the global economic network · Country in demographic and economic transition · Global influence CRITERIA: • Have varied over time and depending on the product; • common features include a high degree of urban development, • a large population, the presence of major multinational companies, • a significant and globalized financial sector, • well developed and internationally linked transportation infrastructure, • local or national economic dominance, • high quality educational and research institutions, • and a globally influential output of ideas, innovations, or cultural products.
  3. 3. Philippines (Manila City)  Manila, capital and chief city of the Philippines. The city is the centre of the country’s economic, political, social, and cultural activity.
  4. 4. Is the Philippines (Manila City) a Global City?
  5. 5. Is the Philippines (Manila City) a Global City? Metro Manila qualifies to be a global city because it is the world's most densely populated city, and continues to grow at an exponential pace. It serves as the headquarters to one of the fastest growing economies in the world. Filipinos, especially residents of Manila, travel all over the world as nurses, nannies, construction workers, and sailors. They provide the mass labor fueling the global service economy.
  6. 6. Manila is considered to be a Global City and rated as an Alpha-City by Globalization and World Cities Research Network (GAWC). It was the first chartered city in the country, designated as such by the Philippine Commission Act 183 of July 31, 1901. Manila is considered to be part of World’s original set of global cities because its commercial networks were the first to extend across the Pacific Ocean and connect Asia with the Spanish Americas through the galleon trade; when this was accomplished, it marked the first time in world history that an uninterrupted chain of trade routes circling the planet had been stablished.
  7. 7. Philippines Form of Government
  8. 8. Philippines Form of Government  The Philippines is a republic with a presidential form of government wherein power is equally divided among its three branches: executive, legislative, and judicial.  One basic corollary in a presidential system of government is the principle of separation of powers wherein legislation belongs to Congress, execution to the Executive, and settlement of legal controversies to the Judiciary.
  9. 9. Philippines Form of Government • The Legislative branch is authorized to make laws, alter, and repeal them through the power vested in the Philippine Congress. This institution is divided into the Senate and the House of Representatives. • The Executive branch is composed of the President and the Vice President who are elected by direct popular vote and serve a term of six years. The Constitution grants the President authority to appoint his Cabinet. These departments form a large portion of the country’s bureaucracy.
  10. 10. Philippines Form of Government • The Judicial branch holds the power to settle controversies involving rights that are legally demandable and enforceable. This branch determines whether or not there has been a grave abuse of discretion amounting to lack or excess of jurisdiction on the part and instrumentality of the government. It is made up of a Supreme Court and lower courts. • The Constitution expressly grants the Supreme Court the power of Judicial Review as the power to declare a treaty, international or executive agreement, law, presidential decree, proclamation, order, instruction, ordinance or regulation unconstitutional.
  11. 11. Economic System in the Philippines
  12. 12. Economic System in the Philippines  The Philippines has a mixed economic system that includes a variety of private freedom, combined with centralized economic planning and government regulation. The Philippines is a member of the Asia-Pacific Economic Cooperation (APEC) and the Association of Southeast Asian Nations (ASEAN).
  13. 13. • There are businesses that are owned privately and there are some that are bounded by the government. • The country (Philippines) is open to international trade and is dominated by private businesses, but some economic sectors are controlled by the government like taxes, agriculture, health services, social security system, etc..
  14. 14. Philippines Source of Revenue
  15. 15. Philippines Source of Revenue  The Philippine government's main source of revenue are taxes, with some non-tax revenue also being collected. To finance fiscal deficit and debt, the Philippines relies on both domestic and external sources.  The Philippines' tax-to-GDP ratio was 17.8% in 2020, below the Asia and Pacific (28) average of 19.1% by 1.3 percentage points. It was also below the OECD average (33.5%) by 15.7 percentage points.  Tax structure refers to the share of each tax in total tax revenues. The highest share of tax revenues in the Philippines in 2020 was derived from value added taxes / goods and services tax (21.1%). The second-highest share of tax revenues in 2020 was derived from corporate income tax (20.2%).
  16. 16. Thanks for Listening!  AOT S3:E47 21:08 Lamata, Jocelyn Delos Santos, Johnna Marielis Corsino, Zamara Kim Cometa, Roger Ace

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