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Elyssa E. Carduce
BSBA-Cooperative-I
Mr.Raul P. Managuete
INQUIRER
POVERTY, THE EVIL
(SEPTEMBER 16, 2006 NEWS)
Poverty is a significant problem, and in combination with
high income inequality, it poses a serious threat to stability in
the Philippines.
The proportion of the population living below US $1.25 a day
in 2006 was 23 per cent or around 20 million people. At the same
time , about 44 per cent or over 44 million Filipinos were living
on less than US $2 a day. While the Philippines were able to
reduce poverty incidence from as high as 30 per cent. In the
early 1990s , the actual number of people living in poverty has
increased over the last two decades. The global food and fuel
price crises in 2007 and 2008, and the global economic crisis
that followed, are estimated to have pushed even more people into
poverty.
...
Economic growth in the Philippines has been unable to lift many
of the rural poor out of poverty who traditionally rely on the
agricultural sector for employment and typically have less access
to basic services, lower levels of education and larger families
to support. Even during periods of stronger groowth, such as
2004-2008, poverty continued to rise. Various factors have
contributed to lack of progress on poverty reduction in the
Philippines.
We all know that poverty is like a basic economic problem for
evry country. But here in the Philippines, poverty is growing and
it is because of some reasons such as, high population growth,
income unequality, lack of job opportunities and inability of the