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IN ECONOMIC
DEVELOPMENT
Introduction:
Economic Development
Increase in wants (needs) coupled with
increase in means (income) to meet the
wants is economic development.
http://www.worldbank.org/en/news/feature/2017/05/04/philippines-economic-update-april-2017
Economic Development
Economic development in Philippines has been low
because of high government spending.
A hard working service sector and large allowance
from millions of Filipinos working abroad played an
important role in Philippines economic development.
BUT.. economic development of Philippines is
required to alleviate poverty from that country and
address imbalances in distribution of income.
It also stresses on high population growth.
The Philippine Economy
QUESTIONS?