The Culture Of The Philippines

The Culture Of The Philippines
For hundreds of years the Republic of The Philippines has had a long and prosperous history. For
one to truly analyze the culture of the Philippines, one would have to look at the components of
what defines their culture: integration of Spanish and American influences, to include languages,
religion, cuisine, and a booming economy. There is no denying that culture is what unites and
defines a country and a region, and the Republic of the Philippines is truly deep–rooted in culture.
Roughly 79 indigenous ethnic groups integrate themselves to make up the Filipino people, and a
combination of Asian and Western influences has dominated in the country's culture (Williams,
2015). Due to Western occupation by Spain from 1570–1898 (Countries ... Show more content on
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The predominate religion in the Philippines is Roman Catholic due to the occupation of the Spanish
for roughly three centuries. More or less 85 percent of Filipinos who are Christians are Roman
Catholic. (Balinski, 2015). This staggering static makes the Philippines the only Christian nation in
Asia (Balinski, 2015). Although the United States established freedom of religion in the Philippines
when it acquired it, many of the citizens chose to continue to practice Catholicism. Despite the fact
that the Philippines is predominately Catholic, other religious groups have seamlessly blended into
the lifestyle afforded in this Asian Pacific Island.
The Republic of the Philippines has a blend of different languages. Starting of course with Spanish
being the official language for about 300 years during Spain's occupation of the Philippines
(Williams, 2015). After the occupation of America in the early 1900s, English took hold of the
island and became the predominate language (Williams, 2015). Despite both English and Spanish
being named the official language in 1935, the original local languages which are approximately 175
different ones have survived and continue to be used in the Philippines (Williams, 2015). With 13
indigenous languages, classified as Malayo–Polynesian languages (Williams, 2015), over one
million people still speak at least one of these languages. With such a diverse mix of languages, the
Philippines
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Indian Bpo's Essay
Case Study– Indian BPOs– Waking up to the Philippines Opportunity
1. How has the global economic downturn, discussed in the opening profile and throughout this
chapter, impacted jobs outsourcing in the BPO industry?
The global economic downturn has impacted jobs outsourcing in the BPO industry as it has helped
to be one of the largest job creators in India. Due to this, many companies had to increase their
operations output and therefore employ more and more people to keep up with the expanding trend.
One of the major impacts, being growth and maturity, had an effect on the BPO industry and
contributed to the outsourcing companies and continued growth of the industry. The IT and BPO
outsourcing boom created a huge impact in the Indian ... Show more content on Helpwriting.net ...
It is important to continue to attract employees but also maintain existing ones, especially with job
outsourcing, as it is cheap labour you still need to ensure employees are looked after properly.
Personal choice and decision making is another trend that will always be required as that is what
keeps companies competitive. With regards to the BPO industry in India and the Philippines, this
applies as the Philippines are becoming more competitive. Companies may start choosing the
Philippines over India as they have better language skills and less additional costs. The change in
demographics and the rise of the knowledge economy is another trend as companies want to
outsource to countries where the workers are more skilled and have a better grasp of the English
language, this again relates to Philippines over India.
3. What are the effects of the Indian government policies on the Indian BPO industry and on MNC
decisions regarding locations for outsourcing jobs?
Locations for outsourcing jobs is very important as companies need to decide what is going to be the
cheapest option but also the most beneficial in terms of maintaining their remaining clients and
customers, there tends to be quite high volume complaints when it comes to outsourcing jobs,
problems can arise often due to language barriers, so choosing the best location

Philippines Economic Performance Over 2004-2013 Essay
Philippines Economic Performance over 2004–2013
Introduction – An Overview of the Economy
The Philippine economy has experienced repeated boom–and–bust cycles in the 5 decades since the
nation achieved independence from the United States in 1946.
In the year 1980s the democratic institutions in the country had severely crumbled, foreign debt
inflated, and the country 's economy descended rapidly (3).
The Gross Domestic Product per capita in Philippines was last reported in 2014 at 1,665.29 US
dollars. The GDP per Capita in Philippines is equivalent to 13 percent of the world 's average (2).
The GDP per capita in Philippines averaged 1,031.21 USD from 1960 until 2014, whopping of
1,665.29 USD in 2014 and the lowest record of 696.02 USD in 1960. (2)
Meanwhile, the GDP growth rate increased steadily from 6.7 percent in 2004 to 7.18 percent in
2013, peaking in 2010 at 7.63 percent. The unemployment rate plummeted to 7.3 percent. Several
industries critical to economic development was privatized, such as electricity, telecommunications,
banking, domestic shipping, and oil. The taxation system was reformed; and external debt was
brought to more manageable levels by debt restructuring and sensible fiscal management. (3)
The first hosting was in 1996 when the Ramos administration was at the height of promoting
globalization as a vehicle for development, APEC has effectively lobbied for greater trade and
investment liberalization and raised measures that have been eventually

19th Century American Expansion Essay
American Expansion
In the 19th century, America experienced an industrial revolution that changed its whole ideology of
expansion. America experienced at huge growth in industry after the civil war. During the Gilded
Age huge companies sprouted and new business were formed. The United States was quickly
becoming a huge financial heaven for companies. Companies during that era started to invest in
foreign countries. This led them to have more connections with foreign countries. The industries
would mostly want the resources and to have a market in each country. The U.S. colonized
territories such as Philippines, Hawaii, and Latin America for their resources. These countries were
specially targeted for the benefits they gave to American ... Show more content on Helpwriting.net
...
The fall of the salve system in the south caused them to turn to manufacturing more than ever. The
United States was following in the step of Britain in the manufacturing world. Textile mills,
spinning Jennies, steam boats, railroads, and electricity all were innovated to improve the industries.
The United States is enriched with lots of resources such as coal, oil, and iron but that wasn't enough
for big industries. Companies looked to gain more resources and expand their markets.
Underdeveloped countries in Latin America and Southeast Asia had valuable resources. Hawaii had
many sugar fields, the Philippines would be used as a coaling station, and in Central America the
canal was built to cut the distance to travel around South America.
Late in the 19th century, the U.S. would go to war with Spain over the mistreatment of Cuba over
other reasons. The U.S. found out that the Spanish was holding Cubans in concentration camps
which gave the U.S. have a reason to liberate Cuba from Spain. Also, American business had fifty
million invested in Cuba and didn't feel it was safe until America was directly involved with Cuba.
The Spanish–American war was the event needed most for the U.S. to start expanding its reign. The
Spanish–American war ended with Spanish defeat and the U.S. gaining Spain's colonies:
Philippines, Guam, and

Global Strategies and Winning Strategy of First...
GLOBAL STRATEGIES AND WINNING STRATEGY OF FIRST PHILIPPINES HOLDING
CORPORATION
First Philippine Holdings vision is to become a truly global organization, recognized as one of the
world's leading infrastructure businesses. First Philippine Holdings are maintaining strong
foundations in the Philippines and using it as a basis to build their infrastructure business as one of
the world's leading infrastructure businesses .For become a global company and sustain their market
share first Philippines holding use the various global and winning strategy which are Grow in new
geographies and market sectors, Deliver greater value to clients, Improve operational performance
and cost effectiveness and Continue to show leadership in values and behavior, it was also use the
merger and diversification strategy to expand the business. First Philippine Holdings distinctive
combination of deep asset knowledge and broad local presence gives particular competitive strength
in infrastructure markets – notably transport, mining, water.
Procurement strategy
Their procurement strategy is a decisive key factor in ensuring the overall success of the First
Philippine Holdings. The company's procurement strategy derives directly from their procurement
mission " We will leverage our competencies and experience from energy, infrastructure, real estate,
and industry to drive business strategies and solutions for the benefit of our customers and other
stakeholders ".
First Philippine Holdings achieve

Filipino People Power Revolution
The Filipino People S Power Revolution Essay, Research Paper
The Filipino People s Power Revolution
The revolution of the Philippines is a story about an economically poor government; a poverty–
stricken nation; and a corrupt dictators nearly bloodless ousting. The revolution is key in
understanding the current state of the nation, as well as exhibiting factors that have led to the
countries current economical state. While the events leading up to the revolution are by no means
solely responsible for the poverty of the Philippines, the nation is still recovering from the effects of
the incidents preceding the revolution. The Filipino revolution is structurally similar to many of the
world s past revolutions. While all revolutions are ... Show more content on Helpwriting.net ...
Capital was leaving the country at a rate of twelve million US dollars per day. The Central Bank of
the Philippines was no longer able to make payments on their twenty–six billion–dollar debt. When
it was discovered that the Government and country had gone bankrupt the peso (Filipino currency)
suffered an instant 21% devaluation. In 1984 the economy had decreased nearly 7% since the
previous year, and it lost another 3.8% the following year. People in the upper class who were
involved in banking and other financially alert professions quickly saw the disturbing fate of their
economy and vocally protested Marcos s dictatorship. Although the people living in a rural area
were not as aware of the economic problems as those living in a the metropolitan area, they were not
immune from the effects of the devaluation of the Filipino currency. Over time the people realized
that Marcos s dictatorship was destroying their economy, and deiced that they needed a change.
Marcos spontaneously choose to hold a new election in the middle of his term, hoping that it would
restore people s faith in his government. His competition, Corazon Aquino, widow of Benigno
Aquino, fought for a fair election. She initiated a group called National Movement for Free
Elections (NAMFREL), whose job was to protect the ballet boxes from tampering and to count the
votes. NAMFREL declared Cory Aquino as the winner of the election while Marcos s Commission
on Elections (COMELEC) acknowledged him the winner.

Philippines Imperialization
The independence of the Philippines brought a new hope to the citizens that they would finally be
able to govern themselves. Imperialization from the Spanish in the 1500's, followed by U.S. control
up until the end of World War II left the country hungry for economic resources and trustworthy
leaders. Even with independence from the United States, they were unable to escape from unethical,
elite leaders that were favored by the US government. Numerous citizens and nationalist leaders
attempted to revive the economy multiple times, yet there was always some way it would fail.
Although there were notable benefits in the aftermath of their independence, such as better
commerce and strong leaders who brought economic progress, overall its impacts ... Show more
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Often, the social order for most imperialized countries are for the benefit of the colonizing country
rather than the people themselves (Scipes). This held true for the Philippines, as their economy was
mostly controlled by the US. In another article, author Kathleen Weekley claims that, the American
administration tried to eradicate Filipino nationalism when it "threatened US interests". By ignoring
nationalist pleas for economic reform, they treated the Philippines differently than other postwar
Asian countries; they "implemented [reforms] on Japan, Korea and Taiwan," (Weekley) while
putting no effort on the Philippines. Even after their independence, the United States continued to
maintain a close relationship with the Philippine government. However, when they were in need of
resources and support post World War Two, the American government pursued plans driven for their
own self benefit. They were inexperienced with the way of the Philippines and also thad little
knowledge of it. By controlling an unfamiliar country, elites, high class members of the government,
were able to take over and abuse the power. With this abuse of power the elites wasted the nation's
capital on luxury imports and and pushed the Philippines further into economic

Analysis Of The Book ' Stiglitz ' A Recipient Of The Nobel...
Stiglitz, a recipient of the Nobel Prize in Economics, and Andrew Charlton, a fellow economist,
propose a new, radical solution to world trade problems – a solution that brings equilibrium to the
trading relationships between the poorest and richest countries. The book contains an in–depth,
college level understanding of fair trade and its theoretical applications on third world countries.
With regards to theoretical applications, the book elaborates on the proposal, which is fair trade, and
how it can initiate development in a country. Besides providing a holistic and substantive
perspective on fair trade, the book also expounds on the effects of globalization on world trade and
the development of third world countries. The book is useful to the study, as it will provide a clearer
and better understanding of fair trade and support the arguments in the study. The main limitation of
the study is that the book covers a wide area – fair trade, world trade, and third world countries,
without going in–depth to labor rights abuse.
Formed from the decimation of industrial jobs and farm incomes due to the unjust terms of trade and
arrangements in the Philippines, Fair Trade Alliance elaborates on how fair trade can elevate the
Philippines' and other similar countries' economic status sustainably. The book provides a college
level understanding of the trade methods of solving economic problems. To combat the ill effects of
globalization on the economy of the Philippines, the book

Travel And Tourism In The Philippines
It was on September 21, 1972 when President Ferdinand E. Marcos placed the Philippines under
Martial Law. The President claimed that 'lawless elements' supported by a foreign power were
plotting to overthrow the lawfully elected government and that martial law was necessary to save
the Republic and reform the society (Lim). On the other hand, tourism is defined as the activities of
persons traveling to and staying in places outside their usual environment for not more than one
consecutive year for leisure business and other purposes (Cruz 1). The term travel and tourism
industry has come to mean all the private, public and voluntary sector organizations that provide
services for the traveling public and work together to promote the socio–economic benefits of the
industry worldwide (Cruz 9). In this industry, companies and government conduct businesses since
it became an emerging industry in 1970s. Tourism industry is a rising trade during Marcos time
since there is an increase in the number of tourist arrivals starting from 1970 up to 1980. From 242,
811 in 1973, it increased to 1,008,158 in 1980. However, it can also be observed that there was a
negative growth rate from 1981 until 1986. The rise of travel and tourism in the Philippines during
Martial law were caused by several actions of government. Department of Tourism was built in
1973 and it was in–charge in the marketing and promotions of the country's destinations to
international market. The improvement of

The Philippines : Economic, Political, And Military...
The Philippines is an island in Southeast Asia that consists of more than 7, 100 islands. For a small
country, it has such a rich history. It has gone through colonization of various states such as Spain
and the United States. According to the Fund for Peace 2016 Fragility State Index, the Philippines is
categorized in the High Warning with a score of 84.7. This rank takes into account various factors:
social, economic, political and military indicators. In 1521, Ferdinand Magellan sailed to the
Philippines, starting its Hispanic colonization. Spain ruled over the Philippines for more than three
centuries. After the Spanish–American war, it became a U.S. colony until 1946–finally gaining its
independence (Harris). For a relatively new ... Show more content on Helpwriting.net ...
According to the trade policy reviews conducted by the World Trade Organization, more than 70%
of the exports of the Philippines consists of electronics, automotive products and garments. Within
four years, the number of exports have shown to increase by 7%. Despite having a large market of
exports, these markets are mostly owned by foreign companies such as the United States (35% in
1997), the European Union (16% in 1997) and Japan (16% in 1997). Thus, the economy and the
people of the Philippines do not gain as much as the market owners from the other countries.
However, the three countries listed previously also provides most of the imports of the Philippines.
Policies regarding tariffs forced a more open economy because tariffs were reduced as well as non–
tariff barriers were removed. There are still remaining policies to protect markets that are import
substitution led creating more of a competition with export markets. Despite creating a more open
economy to foreign investment, there are still some barriers that exist to protect domestic markets
that practice import substitution (World Trade Organization). Similar to other LDCs or Lesser
Developed Countries, the Philippines is considered a NIC or a newly industrialized country. This
means that its economy is transitioning from an agriculture based model to more services and
manufacturing. NICs often experience both development models beginning with a phase of IOI and
eventually transitioning to one of EIO.

Abu Sayyaf Research Paper
It is suspected that early funding and organizational support of Abu Sayyaf was provided by Osama
Bin Laden associate and brother–in– law Muhammad Jamal Khalifa. In 1997, the U.S. State
Department designated Abu Sayyaf a foreign terrorist organization. In January 2002, Filipino police
arrested Indonesian Islamic extremist Fathur Rohman Al–Ghozi, a self–confessed member of
Jemaah Islamiyah and an Al Qaeda explosives expert. Following his arrest, Ghozi led Filipino
authorities to a large cache of arms and explosives in Mindanao and told a Filipino court that he
planned to use the explosives for jihad attacks in Asia. He was sentenced to 17 years in prison. In
July 2003, Al–Ghozi escaped from prison and in October 2003, Philippine forces tracked him down
and killed him. In November 2003, the Philippines arrested Taufik Rifki, who ... Show more content
on Helpwriting.net ...
982). In the international light, the U.S. designated the CPP and the NPA a foreign terrorist
organization in August 2002, and listed NPA founder Jose Maria Sison as a Specially Designated
Global Terrorist (SDGT). Authorities in the Netherlands froze assets in his bank accounts there and
cut off his social benefits. The effects that terrorism has on the Filipino economy is devastating, and
any decline of tourism due to the kidnappings, murders, and other incidents would be an indicator of
the severity of these occurrences. For the same reasons as the decline in tourism, Foreign Direct
Investment has slightly decreased to instabilitywithin the Philippine government and the fear of the
investments not being used for what it is worth.
Analysis of the Effects of Terrorism towards the Philippine Economy
As previously emphasized, the ASEAN region is extremely competitive and some countries

Economy of the Philippines
ECONOMY Since the end of World War II, the Philippine economy has been on an unfortunate
trajectory, going from one of the richest countries in Asia (following Japan) to one of the poorest.
Growth immediately after the war was rapid, but slowed over time. Years of economic
mismanagement and political volatility during the Marcos regime contributed to economic
stagnation and resulted in macroeconomic instability. A severe recession from 1984 through 1985
saw the economy shrink by more than 10%, and perceptions of political instability during the
Aquino administration further dampened economic activity. During the 1990s, the Philippine
Government introduced a broad range of economic reforms designed to spur business growth and
foreign ... Show more content on Helpwriting.net ...
The portion of the population living below the national poverty line increased from 30% to 33%
between 2003 and 2006, equivalent to an additional 3.8 million poor Filipinos. Slower economic
growth here and abroad, a soft domestic labor market, and uncertainties over overseas employment
opportunities threaten to push more Filipinos into poverty. Business process outsourcing (BPO) has
been the fastest–growing segment of the Philippine economy and has been relatively resilient amid
the global financial turmoil, totaling an estimated 10% of the global outsourcing market and
generating more than $6 billion in revenues in 2008 (up 26% and equivalent to about 3.6% of
Philippine GDP). Although revenue growth has slowed from 40% during 2006 and 2007, industry
officials expect the BPO sector to post double–digit revenue growth of between 20%–30%, and to
generate about 100,000 new jobs, during 2009. The balance of payments surplus––which hit a
record $8.6 billion in 2007 from higher overseas worker remittances, tourism receipts, BPO–related
revenues, portfolio investments, and official development assistance funds––narrowed to $18
million during 2008. Merchandise exports––which rely heavily on electronics shipments for about
two–thirds of sales––declined by nearly 3% year–on–year during 2008, pulled

The Harvest Box Is An Australian Organic Foods Retailer
As foreign investment and international trade continue to drive globalisation, many companies are
excited by the prospect of entering international marketplaces. However, due to the unique nature of
overseas marketplaces, it is oftentimes difficult to identify which nations will support business
growth, and those who will not. As a result, many companies employ the global expertise of Ryan
International Consulting (RIC), to assist in making these challenging decisions. One such company,
Harvest Box, has expressed intent to expand into either Malaysia or the Philippine's market. This
report aims to determine which nation will best suit Harvest Box; based on a series of
socioeconomic, political and business–related conclusions and, from ... Show more content on
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The Philippines produces a similar annual GDP of approximately A$388.81B with growth,
surpassing Malaysia, at 5.9% (World Bank, 2015). However, the Philippine economy involves itself
less in international trading than Malaysia; reflected in a mere Current Account Balance of A$262M
(CEIC, 2016). Whilst both economies seem very similar, Malaysia has less than one third the
population of the Philippines (World Bank, 2016). This indicates, as illustrated by Graph 2.1, that
Malaysia's GDP per capita, GDP minus the effect of population, is significantly larger than the
Philippines (Economist Intelligence Unit, 2017). Therefore, total economic efficiency and
productivity in Malaysia is considerably higher than the Philippines; with a smaller population
producing greater output. This high economic efficiency, which creates wealth and jobs, also
increases levels of employment (CIA, 2017). This sizeable productivity showcased by Malaysia
assures further growth and continuation of economic stability. Both nations have also reduced
interest rates through monetary policy (Global Rates, 2017). This will likely lead to increased
borrowing, investment and expenditure; stimulating the economy (Boundless, 2016). Malaysia is,
hence, a more stable economy, with lower current and long–term risks involved for businesses
looking to enter the market. RIC classifies Harvest Box

Essay The United States: The Greatest Country of All
In one time, William McKinley manifested "Expositions are the timekeepers of progress," inspiring
America that the workflow will be presented graciously. Reaching to the years of massive
expansions, America had grown tremendously with goods and services. During the late 1890s,
President McKinley urged Americans to transformed America into the greatest powerful nation in
the whole world. In preparing for a strong nation, the Spanish–American War had enclosed their
attainments due to tensions between Spain and United States. American had its victories and
forwarded the Treaty of Paris which had control over several foreign countries. After the war, United
States focused on up warding their nation. America's progression of new ... Show more content on
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After all, Hawaii transformed into America which had greatly sealed power that recovered their
crisis. From their prior knowledge in proceeding trade commerce with foreign, China is one the best
nations that had rich natural resources and they want fulfill their satisfactions from U.S industries.
An expansionist, Reverend Josiah Strong addressed people to recognize that, " We all know that
China is one of the greatest markets of the world, with a population of 400,000,000 that must be fed
and clothed." (Document 15). Great productions from both countries are indispensable in trading
from their needs. The United States must step over their boundaries in the Philippines which is their
neighbor in gaining access to their country. Serving the Philippines is the importance of supporting
their desires to reach their destination. American had endure hardships by fighting for Cuba's
independence over Spain, when their victories came into reality Spain had given Guam, the
Philippines Islands, and Puerto Rico to the America's hands. Americans need to settle the
Philippines in supporting them to facilitating China's market as a "stepping stone" that will provide
coal stations, naval bases, cable relay stations, and others that would keep the China's door open
(Israel). The Open Door Policy allowed the United States to have access trade and developments
which they will gain prosperity. Goods that are being exports and imports

Cultural Enlightenment And The Republic Of The Philippines
Friendly Status? Cultural enlightenment of The Republic of The Philippines.
SSG Michael Morrissey
13F40 SLC 507–17 Friendly Status? Cultural enlightenment of The Republic of The Philippines.
For hundreds of years the Republic of The Philippines has had a long and prosperous history. For
one to truly analyze the culture of the Philippines, one would have to look at the components of
what makes their culture. The Philippines has a rich and illustrious culture which involves language,
integration of Spanish and American influences, religion, cuisine, and a booming economy.
Although the Republic of the Philippines has only had nation status since 1946, the small island
nation has been a great military strategic stronghold for not only the ... Show more content on
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It is estimated that about 80 percent of Filipinos are Christian, most of which are Catholic, and about
11 percent being Islamic, and the rest of the 9 percent practice another kind of religion (Williams,
2015). The predominate religion in the Philippines is Roman Catholic due to the occupation of the
Spanish for roughly three decades. It is estimated that approximately 85 percent of Filipinos who are
Christians are Roman Catholic. (Balinski, 2015). This staggering static makes the Philippines the
only Christian nation in Asia (Balinski, 2015). Although the United States established freedom of
religion in the Philippines when it acquired it, many of the citizens chose to continue to practice
Catholicism. Many state holidays cater to the catholic belief, such as All Saints Day, Christmas,
Easter, etc. Despite the fact that many things revolve around the Roman Catholic religion, many
other groups of religions seem to blend into the culture and life in this Asian Pacific Island nation.
The Republic of the Philippines has a blend of different languages. Starting of course with English
and Spanish being the official languages, due to the occupation by both America and Spain. Apart
from those two languages, there are approximately 175 different languages spoken in the Philippines
(Williams, 2015). Over one million people still use one of thirteen indigenous languages spoken in
the Philippines which are

The Philippine Peso—Us Dollar Exchange Rate: the Impact of...
INTRODUCTION The foreign exchange market is a worldwide decentralized over–the–counter
financial market for the trading of currencies. Financial centers around the world function as
anchors of trading between a wide range of different types of buyers and sellers around the clock,
with the exception of weekends. The foreign exchange market determines the relative values of
different currencies. (wiki.org) The exchange rate is the price of a unit of foreign currency in terms
of the domestic currency. In the Philippines, for instance, the exchange rate is conventionally
expressed as the value of one US dollar in peso equivalent. The value of any particular currency is
determined by market forces based on trade, investment, tourism, and ... Show more content on
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Furthermore, mechanisms to allow the economy to absorb shocks that a freely floating currency
entails have been the subject of recent economic discussions. (BSP, 2008) Table 1: Philippine
Foreign Exchange Policy, 1949–2007 Period | Milestones | 3 January 1949 | The CBP began
operations. It adopted a fixed exchange rate system, pegging the peso to the US dollar at
P2.00/US$1. | December 1949 | The CBP imposed a comprehensive system of foreign exchange
controls, which included a foreign exchange allocation scheme that gave preference to export
industries and the manufacturing and mining sectors, and placed restrictions on buying of foreign
exchange for services–related imports. The restraints were an effective instrument in carrying out
the "Filipino First" policy of the government. | 1959 | The Philippines achieved its first ever post–
war trade surplus. | 1962 | The Government launched an integrated socio–economic program that
almost entirely eliminated restrictions on trade and payments. | 25 April 1960 | The CBP launched a
four–year program to dismantle the complicated system of foreign exchange controls imposed in the
1950s. The most important feature of the decontrol program was the adoption of a multiple
exchange rate system which paved the way for a de facto devaluation of the peso. | January 1962 |
All restrictions on sales of foreign exchange were eliminated. | December 1949 | The CBP imposed a

The First And Only President Of The Philippine Republic
The Philippine Republic The First Philippine Republic popularly known as Malolos Republic was
inaugurated at the Barosoain Church on January 23, 1899. This was also the first republic in Asia.
Emilio Aguinaldo took his oath of office as the President of the Republic. He stated the aspiration of
the nation "to live under the democratic regime of the Philippine Republic, free from the yoke of
foreign domination". The people rejoiced; appropriate festivities marked the day throughout the
land.
1. Emilio Aguinaldo (1899–1901)
The first and only president of the First Republic (Malolos Republic)
signed the Pact of Biak–na–Bato, creating a truce between the Spanish and Philippine
revolutionaries
known as the President of the Revolutionary Government
led the Philippines in the ... Show more content on Helpwriting.net ...
Ferdinand E Marcos (1965–1986)
Was Senate President for three years
Was president of the Philippines for 21 years
first president to win 2nd term
declared martial law on September 22, 1972
Achievements (1964–1969):
Immediate construction of roads, feeder roads and permanent bridges,
A generator with an electric power capacity of one million kilowatts (1,000,000 kW),
Water services to eight regions and 38 localities
Revitalized the judiciary, the national defense posture and the fight against smuggling, criminality,
and graft and corruption in the government
Mobilized the manpower and resources of the Armed Forces of the Philippines
Hired technocrats and highly educated persons to form part of the cabinet
North Diversion Road (now, North Luzon Expressway) was constructed with the help of the AFP
engineering construction battalion
Vietnam War; over 10,450 Filipino soldiers were sent to South Vietnam under the designation of
Philippines Civil Affairs Assistance Group (PHLCAAG)
Events During (1969–1972)
Re–elected because of his impressive performance
Philippines experienced higher inflation rate and devaluation of the Philippine peso in

The Moro National Liberation Front
The Philippines security threat has been in danger for many years dating back to the establishment
of the Moro National Liberation Front (MNLF). MNLF sought to establish an autonomous Muslim
region within the country. (Fowler, 2011) MNLF used guerilla style tactics against the country for
several years before agreeing to a ceasefire with the Philippine government in 1976. (Fowler, 2011)
As with many ceasefire agreements not everyone within the group was in favor of the deal therefore
resulting in members establishing a separate group known as the Moro Islamic Liberation Front
(MILF) which established the Islamist insurgency within the country. (Fowler, 2011) MILF has
remained the primary internal threat to the country for more than the last 40 years. They have
utilized insurgent tactics against the government primarily in the southern region of Mindanao
resulting in the death of more than 120,000 Philippines. (Reuters, 2014) In March 2014 the
Philippine government and MILF signed a peace agreement calling for the end of disputes in
exchange for an autonomous Muslim region in the south. (Whaley, 2014) Despite the agreement
there is still cause for concern with internal threats to the country. Much like the agreement with
MNLF in 1976 not all MILF members agree with the pact and have established smaller factions to
continue operations against the government. (Reuters, 2014) A separate Islamist group established in
1990 is the Abu Sayyaf Group (ASG) who has ties to Al

Philippine American Imperialism
Imperialism is the policy of extending a country's power and influence through diplomacy or
military force. In the nineteenth and twentieth centuries, many countries would invade or enter other
countries and take over. They would take over by force and rule harshly in order to get whatever it is
they needed from the country. Often, imperialistic countries were looking for raw materials and to
better their own economy by spreading it into the country they took over. The imperialistic America
and Belgium, each imperialized countries creating short and long lasting effects on the people.
In the year 1902, the United States of America imperialized the Philippines. They did it for the
classic reasons; money and raw materials. While they Americans ... Show more content on
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In both places, many of the natives were killed. In the Philippines, the Americans killed Filipinos
while taking over the land, while Belgium killed Congolese people with hard labor. America and
Belgium also came to the countries they were imperialising for raw materials and to help with their
own economy. After both countries made many efforts to help and improve life in the countries they
imperialized, they each granted independence. After being granted independence, both countries
began a time of instability, proving that the imperialistic countries were needed in order for society
to

The Philippine Economy
The Economy of the Philippines is the 43rd largest in the world; according to 2011 World Bank
statistics and it is also one of the emerging markets in the world; according to the CIA Fact book, the
estimated 2011 GDP (purchasing power parity) was 391.1 billion. Goldman Sachs estimates that by
the year 2050, it will be the 14th largest economy in the world; Goldman Sachs also included the
Philippines in its list of the Next Eleven economies. HSBC projects the Philippine economy to
become the 16th largest economy in the world, 5th largest economy in Asia and the largest economy
in the South East Asian region by 2050.
Echoing softly across the 7,100 islands that form the Philippines archipelago, the lilting strains of
the ... Show more content on Helpwriting.net ...
Supplying the U.S. with mainly agricultural and forest products, the Philippines was forced to
import most manufactured items from the U.S. Industrial growth virtually grounded to a halt during
this period.
Post–independence, the Philippines economy swirled through a dizzying cycle of boom and bust.
During the 1950s, the country tried to become an industrialized nation with the policy of import
substitution, where domestic goods are substituted for imports. However, these protectionist
measures had a negative effect in the long term leading to inefficiencies and misallocation of
resources. For that period during the 1970s, however, economic growth spurted. The Philippines is
rich in human and natural resources, it seemed then that the Philippines was destined to become one
of Asia's real superpowers. However, the overwhelming power of corruption tainted its leaders, and
the Philippines struggled under Marcos' long rule. By 1981, the nation was heavily in debt, the
country was facing problems making payments on its international loans, and poverty was endemic
as economic and democratic institutions collapsed. Plunged into a deep recession in the 1980s, the
Philippines suffered from what came to be known as crony capitalism, as President Marcos built up
a

Impact of John Stuart Mill’s Philosophies on Philippines’...
Impact of John Stuart Mill's Philosophies on Philippines' Society, Politics and Economy
Mendoza, A.; SocSci 2 WBYDX
John Stuart Mill's social, political, and economic philosophies are widely applied in the Philippine
setting. His conception of social liberty, feminism, political democracy and economic democracy is
practiced in the country, although not holistically applied or not well–carried out at some cases.
Philippines, as a democratic country, adapts the libertarian culture that Mill believes to be the best
for achieving intellectual and social development. Every Filipino citizen is sovereign and free to do
what he wants as long as he does not harm others. Mill's proposed ways to obtain 'social liberty',
which are having the ... Show more content on Helpwriting.net ...
Most of the poor are deprived of their rights for education. Many are illiterate; many did not finish
their education. In this view, the goal of 'furthering knowledge' seems to be difficult to achieve since
the poor, who is using freedom of speech, is uneducated and unable to understand 'knowledge' itself.
Oppression of the mass is also seen in this perspective. The poor is deprived of their rights for
education. In this case, corruption and interests of the powerful could also be seen as the cause of
human rights deprivation in the Philippines. Mill's utilitarianism is again not well–practiced by the
government as it hasn't been able to protect Filipino mass' rights.
Even in Philippines' economy, only the minority benefits from the fruits of business and production.
Economic democracy is not well–implemented in the country. Economic democracy, said Mill, is
substituting capitalist businesses into workers' cooperatives so that workers would have more
benefits and power for their own welfare. In Philippines' status quo, the capitalist system is growing
and workers' welfare is being set aside. Profits of businesses mostly go to the capitalists, while
workers earn a minimum wage and are not given benefits that workers are supposed to have. The
country's economic progress is characterized by development aggression, where only the minority
benefits from the

The Republic Of The Philippines
The Philippines, officially recognized as the Republic of the Philippines is a country in Southeast
Asia composed of more than 7,000 islands. The archipelago is a country that has struggled to
develop into a thriving nation ever since the colonization of the Spanish. The citizens who reside
here are a kind, loving, giving, generous people that face a series of challenges with its poor
infrastructure, and basic utilities. None of this can stop these proud people from moving forward and
making their mark in the world. With one of the fastest growing economies in Asia and an equally
growing population, this creates rifts throughout the country that leaves it in a weaken state today.
Located in Southeast Asia, the archipelago is made up of ... Show more content on Helpwriting.net
...
(n.d.). The most significant threat though is the wet season which runs from June through October
and also brings typhoons. Storms cause mass amounts of flooding and tidal waves throughout the
country and are the most damaging to the citizens and their structures. The dry season runs from
November through May and can be the harshest with April and May being the hottest times of the
year. During the dry season, it is tough for the unemployed to find work forcing the citizens without
a place to go to live in crowded slums making homes out of any material scraps they can find. Most
of these homes do not have stoves or basic cooking utensils, so families reside to eating inexpensive
street foods or ready to eat noodles with what little money they do have, all at the cost of their
health. Similar to other countries a lot of these families move to the urban region in pursuit of
happiness and a better way of life. Instead, they end up moving into a deeper state of poverty and a
world of crime filled with violence, gangs, and drugs. Most of these problems indeed are associated
with the fact that the Philippines have a faster–growing population then they do an economy, even
though their economy is one of the fastest growing

The Political Environment Of The Philippines
Political Environment To begin, the political environment of the Philippines should firstly be
addressed. In the modern day Philippines, they have established a multi–party democracy which has
an elected president along with its legislature. Their democracy is set up exactly the same as ours in
the United States. They have the framework of where the president is both the head of state as well
as the government in general. Similarly their system is composed of the three independent branches
which are the legislative, executive, and judicial branches. Under the leadership of the president, the
executive branch makes the decisions for the government/country body as a whole; Congress– the
Senate and the House of Representatives, controls the legislative branch; and the Supreme Court,
held as the highest judicial body they have, is vested within the courts of the Philippines. Within
their country contrary to ours, they hold elections every three years instead of our two. These
elections have been held on the second Monday of May since 1992. The winners of these elections
begin their time in office on the following June 30th. Although the Philippines have a democracy,
not all of the regions within it have political power. Within the local government's cities, provinces,
municipalities and barangays, some regions merely exist just for the use of administrative purposes.
(Doing Business In the Philippines, n.d.).
Legal/Regulatory Environment However within this democracy, there

Strengths And Weaknesses Of Democratic Government
In the context of the strengths and weaknesses of Democratic and Authoritarian systems, which is
more appropriate for the Philippines? Valerie Lao De La Salle University In the context of the
strengths and weaknesses of Democratic and Authoritarian systems, which is more appropriate for
the Philippines? For many years, the Philippine government has been a democratic republic. Filipino
citizens have implemented this with the hopes of becoming liberated, but it isn't enough. A
democratic government will still be favourable and suitable than an authoritarian government, also
still beneficial for the discipline and economy of the Philippines.
Government
A government is a system where there is a manifestation of the policies of ... Show more content on
Helpwriting.net ...
Arvin Pareja (2008) details that the Philippines is among the few countries operating a separate
department on "Pop
ulation Control Program (PCP)" (para. 2). Mondonedo (2010) reports that "Pinoys are only
disciplined when they are in another country, especially in the Middle East..." (para. 3). Inside and
outside the Philippines, there are various commentators of the improper behavior of the Filipinos.
Hazy elucidation It is evident that the government system in the Philippines needs to be upgraded.
Even others have the same views and opinions towards the government of the Philippines. We were
wrong about some of our elected officials. Truthfully, it also has a little to do with our system. The
surreal kind of Democracy that we possess is not our "clear" solution right now. It is convincing that
the current Philippine government system is linking between democratic and authoritarian. It will be
more likely to achieve more improvement if we change our system gradually. The democracy we
have in our country is not the democracy it should be. People are becoming reckless and
undisciplined. Our country is not capable of providing us with some of our basic needs, especially
when it comes to our benefits – which are minimal. We deserve the right kind of

Philippines: One Step Forward, Two Steps Back
Philippines: one step forward, two steps back
Even though today's world seems to advance their still seems to be one very serious and large issue,
poverty and hunger. This issue is seen in lots of nations across the world, but it's seen more in third
world countries in East Asia, Africa, and South America. After many natural disasters and multiple
changes in the form of government the country of the Philippines seems to have a high number of
people living in poverty and starvation. Due to the free enterprise market, workers in the Philippines
work hard and long hours for very little pay. The number one business in the Philippines is farming,
and for this you don't need to study, which means lots of people drop out of school, a higher
education would become better jobs. A stainable solution to end poverty would be to keep a stable
government that will help the economy during natural disaster.
Even with today's modern day technology and our genetically engineered food and wealth, the
world still faces a problem that seems to not come across people's minds these days, hunger.
Millions of people suffer from extreme hunger due to poverty around the world. Even with all of the
donations from all around the world it seems to not be enough, multi–million dollar organizations
seem to donate money and food to the people that suffer from this. "Yum! Brands (NYSE: YUM),
the parent company of KFC, Pizza Hut and Taco Bell, announced today that it is directing $1.5
million from its

Dbq Essay Over The Annexation Of The Philippines
The Filipino people had helped the US fight the Spanish–American War in hope to gain
independence in return. However, instead of gaining independence the Philippines was annexed to
the United States on December 10, 1898. When the Filipino's had found they were going to be ruled
over once again they were very unhappy, after all they had helped the US. When Aguinaldo had
found out that the Philippines were going to be controlled by the US, he had declared war on the
United States. Although a war had been started over the annexation, annexation was the best thing
for them. The annexation of the Philippines was in the best interest of the United States because it
had helped trade between the US and the Philippines, provided education for the Filipinos, and
without being ruled by the US, the Philippines would go back to being ruled by Spain.
To begin, annexation of the ... Show more content on Helpwriting.net ...
When the Philippines was annexed to the United States, they now could trade with Hawaii and the
US which had significantly increased trade profits. Document 4 was written in the New York Times
and was written in hopes to show people how well trade was because of this annexation, and to
show that the annexation of the Philippines was a success. It compares their trade profits from
before the annexation to after,"Before annexation the exports to the Philippines seldom reached as
much as $200,000 per annum. In the first year after annexation the exports to the islands amounted
to $2,500,000 and steadily increased until they have averaged $25,000,000 per annum in recent
years..."(Document 4). This shows that the annexation had helped out the Philippines, and increased
profits from trade that would help to benefit and establish a strong

Compare United States's Current Economy To Another...
The assignment was to compare the United State's current economy to another different country. For
this assignment, I chose Philippines to compare with United States because I want to know more
about its economy and how it differ and similar to United State's economy. I placed all the
informations I acquired into a large poster, separating the United States and Philippines' economy. I
selected this assignment because I learned a lot about the United States and Philippines' current
economy and their labor market. Through this assignment, I learned how they are almost similar in
terms of their economic and political system, the types of growing careers in their economic sector,
the types of goods and services produced, their major industries,

The Major Differences Between Democratic, Authoritarian,...
The major differences between democratic, authoritarian, and anarchic political systems are who
holds the power, who has freedom/how much, and how much involvement the government has in
the workings of its country. For authoritarian states, the power is held mainly by a single person or
an elite group of people, few people have freedom, with what freedom they have being limited, and
the government, or rather the leader/leaders, is involved in almost every aspect of the country from
controlling the economy to making decisions for the lifestyles of its citizens like deciding how many
kids they may have or what hair styles are approved. Everything is at the whim of those in charge
and can change at any second. Anarchic is the exact opposite of this. In an anarchic government,
everyone has power all the power they can take for themselves, nothing is unpermitted as there are
no laws and since a government doesn't exist, it can't have any involvement in anything. Finally
there is the democratic system which is a happy medium between these two extremes. In a
democracy, everyone has some power through the right to vote directly or for elected officials who
will run the country (who are limited by a constitution of some kind), everyone has freedom within
the country's generally reasonable laws, and government involvement is limited to making laws and
regulations within reason to protect its citizens, economy, etc. For example, you would not see a
democratic nation forbidding speaking

Philippines East Asian Economic Miracle
Philippines East Asian Miracle From the 1960's through the 1990's, during what is referred to as the
East Asian economic miracle period, several East Asian economies experienced unexpected high
growth that was sustained for more than 20 years. The Philippines had great potential early on to
become a developed country, due to an abundance of natural resources, a special relationship with
the United States, a high literacy rate, a high domestic savings rate, and a promising manufacturing
sector Leipzeger 448–449. However, despite these advantages, they experienced far slower growth
than many of the other economies in the region. Today, they continue to face numerous obstacles to
becoming a developed state. This paper will examine some of the reasons why the Philippines'
overall economic growth during the East Asian economic miracle period, has been slower than that
of the other East Asian developing countries. One of the reasons that the Philippines lagged behind
their rapidly developing neighbors, is that the Philippines have historically had a political system
that caters to the wealthy elite. Second, they have accumulated massive foreign debt and have made
it a priority to repay it at the expense of other growth promoting ventures. Third, the Philippine
government has not been successful in changing economic policies that have inhibited growth.
Fourth, investment in human capital in the Philippines has not been as effective as in other countries
in the region. Finally, due

Economy of the Philippines
A Complete Economic Analysis of the Philippines Kathy Wallace February 19, 2012 Regis
University MSM661 Jim Zelenski Abstract The Philippines is one of eight countries that comprise
Southeast Asia. A mass of thousands of islands, the country has been struggling to obtain true
democracy and freedom for its citizens. After a review of the political history and demographics of
the country, an in–depth analysis of the economic condition of the Philippines will be explored.
Appendix A contains a map of the Philippines by different cultural regions. Economic topics will
include Fiscal and Monetary policies, as well as a review of the peso. Next, significant economic
indicators will be discussed, including unemployment, interest ... Show more content on
Helpwriting.net ...
However, it appears that it has been a family rivalry that sets the political climate more than parties
or ideology. The battle between the Marcos Family and the Aquino Family has become epic. In spite
of the fiscal irresponsibility of both Ferdinand and Imelda, it was probably the assassination of
Benigno S. Aquino Jr., who was the opposition leader and an outspoken critic of Mr. Marcos, which
led to the downfall of Ferdinand (Manlupig, 2011). When Corazon Aquino died in 2009, there was
an emotional appeal for her son, Benigno Aquino III, to run for the Presidency. With a promise to
curb the corrupt political culture and decrease poverty, he became president in 2010 (Manlupig,
2011). While the Marcos family has never been convicted of any wrongdoing, and the commission
created in 1986 is finally being disbanded this year, it is estimated that a total of $4 Million has been
recovered – including jewelry, money in a Swiss bank account, and real estate in New York City
(Whaley, 2013). Political Climate. One of the items the country struggles with is bringing peace to
the region of Mindanao, which is the second largest island in the Philippines and is the most
threatened by the onslaught of mining. Appendix A provides a map of the Philippines. The
indigenous people have not been involved in any of the decision

Economic Platform For The Philippines
Economic Platform for the Philippines' economic growth in the trade sector Brooks (2014) states
that in 2008, the entire Southeast Asian economy received roughly less than half as much foreign
direct investment as China did. Four years later, they pulled to within spitting distance. Why is there
a sudden surge of international interest in this particular region? It is because ASEAN's five core
countries– Indonesia, Malaysia, Philippines, Singapore and Thailand– have been growing faster than
any other regional grouping in the world over the past 5 years, with Philippines standing out in
particular because of its' impressive 6.6% economic growth rate as of 2012. The Philippines is now
one of the fastest–growing economies in Southeast Asia, going from a developing market to what is
considered now as an emerging market in a global scale because of the competency of trade in the
Philippines. To properly define trade, it is a basic economic concept that involves multiple parties
participating in the voluntary negotiation and then the exchange of one's goods and services for
desired goods and services that someone else possesses (Trade, 2003). Trade has been occurring
around the world for centuries and the purpose of it is to address the problem of coincidence of
wants. Generally, there are two forms of trade: Foreign and Domestic Trade. Akrani (2011) states
that foreign trade is the exchange of goods and services between different countries. It is further
divided into 3 groups:

Philippines Imperialism
Imperialism means a policy of extending a country's power and influence through diplomacy or
military force. The United states motivation for imperialism in the Philippines can be known as
economic,religious political and strategic motivation. For economic motivation they were/ would be
able to open new markets and trade possibilities They also wanted to make exports exceed imports,
and they wanted to expand foreign markets . For religious motivations they wanted to spread
christianity. For political motivation they wanted to fulfill their destiny as a world power by
colonizing, and look for new land. Some Americans were very against imperialism because they did
not the idea of colonizing other nations. The united states ... Show more content on Helpwriting.net
...
Also the UNited states helped the Philippines when the Japanese occupied the Philippines. The
negative effects on the Philippines were a war, and the philippines were left without a strong leader
and suffered economically. Filipinos wanted imperialism removed so the Americans and the
Philippines fought a war from 1899 to 1902.. The Americans won but they decided to help the
Philippines become an independent nation. On July 4 1946 the Philippines became an independent
nation. The current state of the Philippines is still not all tha great.. The Philippines was predicted to
be one of the most richest countries in Asia. They are the poorest country in Asia. After world war II
the Philippine economy did poorly because during the rule of Ferdinand Marcos, billions of dollars
were spent on the wrong things. Since 2004, Gloria Macapagal–Arroyo who was the president of the
Philippines at the time had taken action in improving the economy. Today in the Philippines the
official language is English. This is due to the United states imperialisms and tagalog. Their food is
influenced strongly by the spanish and a small bit of the Americans. Even though there are a lot of
negative effects such as a lot of filipinos were killed in the Philippine – American war and by that
happening the economy started to really struggle.There were positives with this, they got good
public education, and christianity was brought to the Philippines so now the most popular religion is

Causes Of Migrant Labor In The Philippines
Introduction Approximately 10–12 million Filipinos work as migrants abroad; the number of people
leaving the country to find work is so high that migration is a regular part of life in the Philippines
(Pardis, 121). Due to deeply embedded structural flows of capital and labor present in
postcolonial/neocolonial economic arrangements, the Philippines depend on migrant labor as a
significant export (Pardis, 123). The combination of neoliberal policies and globalization result in
push and pull forces across portions of societies and national borders that motivate migration in
search of employment or safety, such as increasing poverty and anemic development, causing the
Philippines to rely significantly on migrant labor to strengthen the domestic economy. (Pardis, 143).
The heavy reliance on migrant labor has created, in some instances, a situation of forced migration
that renders potential migrants at risk of being a trafficked person prone to exploitation as cheap
labor, bonded workers, or prostitutes (Saat, 137). Aspirant migrants depend on others to facilitate
their movement, making them susceptible to criminal intentions of those offering work opportunities
abroad and organizing travel requirements (Kempadoo, 74). The logistics of migration (recruitment,
transportation, transfer, harboring, or receipt of persons) do not constitute trafficking when carried
out formally and the person is fully informed of the conditions of work and understandings of
payments and obligations

Positive And Negative Effects Of Globalization
Globalization affected the economy in South Asia, specifically Bangladesh, Philippines, and
Afghanistan, in both good ways and bad ways. Bangladesh is one of the countries who have been
affected negatively. The Bangladesh government should enforce the labor law in Bangladesh. The
Philippines has been impacted positively, however they should still work on business freedom.
Afghanistan has also been impacted negatively, and the government should inaugurate a free
educational program for the struggling families. Bangladesh was impacted negatively by
Globalization. Bangladesh has been known to have had incidents where workers have lost lives due
to the poor labor conditions they were working upon. Workers are told to work long shifts every day,
receiving very little pay for the work that they did. In the article titled "Factory Collapses in
Bangladesh", by The Institute for Global Labour and Human Rights, It states how the standard shift
for a worker is 13–14 ½ hours. This adds up to 90–100 hours/week, with only 2 days off in the
entire month. The money that the workers received ranged from 12–22 cents/hour, depending on the
age of the worker. This means that Globalization caused the factories to move to countries like
Bangladesh to have more workers working for longer periods of time and pay them as little money
as possible. Bangladesh has one of the most lowest wages in the world, Working in the factories
means making less money because the owners ignore the laws. Many of

Economic Effects of the Foreign Exchange Rate
INTRODUCTION
This paper tackles the effects of the foreign exchange rate as a whole and how it affects the country
and at the same time how it gets affected. This paper enumerates the advantages and disadvantages
of having a strong Peso. The paper also discusses what factors affect the strengthening and
weakening of the Philippine Peso. This paper also includes an in depth analysis of how the foreign
exchange could affect and gets affected by the economy, the society and politics.
OVERVIEW
The Philippine exchanged rate is express in terms of one unit of dollar versus one unit of peso.
There are two cases on how an exchanged rate would be determined the first system is the free
floating exchange rate where the supply and demand ... Show more content on Helpwriting.net ...
By May, the peso depreciated as it reached to an average of P52 per dollar; And by June, dropped to
P53.59 per dollar. This was caused by the Higher risk aversion in the global markets and the
possible increase of the Federal Reserve Bank's interest rate. Conversely, the peso appreciated by
1.66% reaching to a level of P52.31 per dollar on June and closed at P51.97 per dollar on July 25,
after the president's State of the Nation Address. And by August, it reached to a P51.33 per dollar
rate, increasing by 1.90% from its previous rate. Due to the increasing confidence by investors and
improving economic conditions, the peso further increased its value and reached to an average rate
of P50.37 per dollar in September and P49.91 in early October, the highest level since 2002.
Volatility during the year 2006:
Due to oil price roll backs and the approval of the RVAT law, the peso's volatility improved early in
January 2006 averaging P0.19. It continued its trend in March to an average of P0.13. However, the
peso's volatility increased to P0.30 in April and P0.59 in May which was caused by the depreciation
of the value of the currency. In June, volatility decreased to P0.23. This was attributable to the
increase of the country's GDP by 5.5% in the second quarter of 2006. But it rose again in July to an
average of P0.43. This was

The Philippines : An Archipelago
Background
The Philippines is an archipelago with 7,107 islands located in the Southeast Asian region with a
landmass of 343 283 square kilometres. It is incredibly disaster prone because of its location in the
equator. It is in both the typhoon belt in the Western Pacific and the Ring of Fire. This means that
the Philippines has an average of twenty typhoons each year during the rainy seasons not only is it
extremely prone to typhoons and flooding, it also experiences frequent volcanic eruptions and
earthquakes.
Its' tropical climate has attracted a great number of tourists as the country usually has high
temperatures, that is high humidity and abundant rainfall, ideal for vacations. Not only that, but the
Philippines has a great ... Show more content on Helpwriting.net ...
The Department of Health also reports that the majority of the population, that is 41%, is aged 5–24.
This means that the population is a young one and thus does not have the problems of an aging
population like Australia.
Economy
The World Bank (2016) reports that the Philippine economy is a major player in Southeast Asia
behind China and Vietnam only even though the development in the international level has been
stagnant. It also anticipates that the economy will rise but decline. If the country can progress even
further towards the development of the economy, this will contribute to the reduction of poverty due
to the opportunities that will then be presented.
Service Industries, from manufacturing, labour, and others, is the main contributor to the Philippine
Gross Domestic Product accounting for 55% of the 2009 GDP, whereas 30% is sourced from
industry and agriculture being the least, accounts for 15% (Romualdez et.al, 2011). The total
percentage of the GDP spent on health in 2014 was a mere 4.7 and the total expenditure on health
per capita was just $329 (World Health Organisation, 2014). This is incredibly low compared to
developed countries but remarkably similar to other Asian countries despite China and Singapore
having better economies. Despite the steady in GDP percentage for THE, it is mostly due to inflation
rather than service expansion (Romualdez et.al, 2011). The Department of Budget and Management
(2016) has allotted 4.2% of

Imperialism And The American Power Scheme
Imperialism is the policy or action by which one country controls another country or territory.
Most such control is achieved by military means to gain economic and political advantages. Such
a policy is also called expansionism. An expansionist state that obtains overseas territories
follows a policy usually called colonialism. An imperialist government may wish to gain new
markets for its exports, plus sources of inexpensive labor and raw materials. A far–flung empire
may satisfy a nation 's desire for military advantage or recognition as a world power.
American imperialism is the economic, military and cultural influence of the United States on
other countries. Such influence often goes hand in hand with expansion into foreign territories.
The term American imperialism could identify the United States as an inherently imperial power
that self–justifies its own expansion and either the domination or incorporation of other parties
into the American power scheme. In discussions of Imperialism, some argue that imperialism
takes other country's freedom while other contend that it makes the countries more civilized,
advanced and it helps them to get their freedom. American Imperialism does more harm than
Good.
Many people argue that American imperialism helped other countries to get their freedom.One of
the main issues in the American–Spanish War was Philippines and Cuban independence, the war
continued for ten weeks in both the

Ferdinand Marcos : A Dictator, Fraud, Plunderer, And A...
Jared Gatchalian
COMM 100W–04 spring 2015
Fact Paper
Ferdinand Emmanuel Edralin Marcos Many government officials despised Ferdinand Marcos
because they consider him as a dictator, fraud, plunderer, and a deceitful man. He served as the
president of the Philippines for two decades, and he was labeled as an autocratic ruler. Some
senators and other bureaucrats believed that he had nothing to do with World War II. In addition, his
terms as a president were considered epitomes of a corrupt government. He was also accused as the
person behind the assassination of the former senator of the Philippines, Benigno Aquino Junior. All
these accusations provided by the mass media in the country resulted to protests from many
Filipinos and it also lead to the downfall of the late president. A lot of Filipinos have forgotten all
the achievements and projects accomplished by Marcos for his country and just focused on the bad
things that he was accused of. Ferdinand Marcos was an officer of the Philippine Armed Forces
during World War II. Countless officials believed that he did nothing and said "he actually played
little or no part in anti–Japanese activities during World War II" (Bio). Several government officials
were questioning Marcos' war exploits. Batongbakal stated that he was the hero of the Battle of
Bessang Pass during the war, earning a total of 33 medals and awards throughout his career. At that
time, Marcos had a reputation as the greatest Filipino resistance leader of World

The Culture Of The Philippines

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