Philippine Economy BY: JESSA CABADING

We are part of the society, therefore, we should be aware of what is happening around us.

what is an economy? Do you ever wonder what it is? An economy or economic system consists of the production, distribution or trade, and consumption of limited goods and services by different agents in a given geographical location

The Philippines is considered as a newly industrialized country, which has been transitioning from one based on agriculture to one based more on services and manufacturing. In 2014, the GDP by Purchasing power parity was estimated to be at $692.223 billion.

Household consumption accelerated in the first half on 2015, driven by higher employment, low inflation, and rising remittances. Private investment also rose, but government spending was sluggish early in the year before rebounding. Net external demand weighed on Gross Domestic Product growth, which slowed to 5.3%.

The rebound in government spending is expected to spur growth through the rest of this year and in 2016. In July, growth in public expenditure excluding interest accelerated to 31% year on year. Election-related spending will also support domestic demand through May 2016, when elections will be held.

Manila, Philippines the international monetary fund (IMF) said the Philippine economy likely picked up speed in the second quarter of the year after slowing down in the first quarter on weak global demand and lack of government spending. IMF resident representative Shanakaa Jayanath Peiris said the country’s gross domestic product grew slightly faster in the second quarter due to improved spending by the Aquino administration.

Price hike in products like the rice and gas takes a lot of toll to the citizens . the cause of price increase laid a burden to the people especially to those who are living under the poverty line.

With good political leaders and good governance our country will surely be progressive. The government and the people should help each other for the betterment of our country. We need to work hand in hand to achieve our goal which is to have a progressive country today and for the future generations. corruption should be stop and should not be the reason for us to be left out. other country’s can do it why can’t we?

http://www.adb.org/countries/philippines/economy

http://www.heritage.org/index/country/philippines

http://www.philstar.com/headlines/2015/06/16/1466444/gas-diesel-prices-anew

BY:jessa cabading

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Reality Faces by:Chelly Rivera

In every country there is always what we call the demography ,which is the most reliable calculus of what our national community can look forward to in the near and distant future.Each day in our lives we cant  stop something from coming, just like our population increases and changes.So our philippine demography refers to the studies on our employment,poverty,literacy,family planning,mortality and leading causes of death, that  gives us the correct informations and explanations on every cause in our country’s social problems. As the days passes by more people are born than people who dies. There are many reasons of why population increases.First is about our population system. Updated information on the size of the population will provide government planners, policy makers and administrators with data on which to base their social and economic development plans and program.  Specifically, in government, it serves as basis for: 1) redistricting and apportionment of congressional seats; 2) allocation of resources and revenues, such as the Internal Revenue Allotment for LGUs; 3) creation/conversion of political and administrative units, such as provinces, cities, municipalities, and barangays; 4) formulation of policies concerning various segments of the population; and 5) development of policies and programs relative to the delivery of basic social services.

Next inline is the effects on employment,poverty incidence, unemployment and agriculture.A high rate of population growth, lack of access to land, insufficient job creation in industry, and a history of inappropriate economic policies contributed to high unemployment and underemployment and a relatively high proportion of the labor force being in low-productivity, service sector jobs in the late 1980s.The current state of the agriculture industry which cause high incidence of poverty and unemployment.  Roughly 60% of the Philippine population depends on income and employment in agriculture with generally very low productivity bringing low farmers’ income below the poverty threshold level. Recommendations are made to develop a modern agriculture industry responsive to provide the need for high income and employment. .Population growth averaged 2.9 percent from 1965 to 1980 and 2.5 percent in the late 1980s. While more than 40 percent of the population was below fifteen years of age, the growth of the working-age population–those fifteen years of age and older–was even more rapid than total population growth. In addition, the labor force participation rate–the proportion of working-age people who were in the labor force–rose approximately 5 percentage points during the 1980s, largely because of the increase in the proportion of women entering the work force.. Beyond the unemployment generated from economic mismanagement and crises was a more long-term, structural employment problem, a consequence of the highly concentrated control of productive assets and the inadequate number of work places created by investment in the industrial economy. The size and growth of the service sector was one indicator. Underemployment has been predominantly a problem for poor, less educated, and older people. The unemployed have tended to be young, inexperienced entrants into the labor force, who were relatively well educated and not heads of households. In the first half of the 1980s, approximately 20 percent of male household heads and 35 percent of female household heads were unable to find more than forty days of work a quarter.Underemployment is also highest in this sector where three (3) out of four (4) persons are underemployed.Underemployment in the agriculture sector is widespread because tending the farm does not require a full eight-hour work a day and is generally seasonal. For example, harvesting coconut for copra comes only once every three months. If a household member can find job outside the farm, it is usually another seasonal job like additional labor for land preparation and harvesting in other farms.The strong economic growth in the last few years may be the hope in bringing relief to the underemployed. But this growth occurs in the services sector, for example in hotels or restaurants, where opportunities are available.In theory, the poor in the agriculture sector can shift to the services sector but these employment opportunities require higher educational attainment. Most of the poor have only finished the elementary grade level. Hotels and restaurants, for example, require high school graduates

Third is the functional literacy which refers to a person who can read, write and compute or one who can read, write, compute and comprehend.Many people in our society are functionaly literate.This is a good sign sign were people knows something like reading and writing.But we must still care for those people who are not functionaly literate for they can still be a big help for our coming generations

Fourth is the Methods of family planning and unpplaned pregnancy which deals to women who didnt except that she’ll get pregnant.Modern methods of family planning, and widespread information about how to use it, unplanned pregnancy is one of the most common medical problems faced by sexually active women. Abortion, the most usual solution to the problem of unplanned pregnancy, is the most common operation among women in the fertile age range.The average fertile couple trying for a child may take three or four months to conceive, and many couples go through a stage where they are not exactly planning to have a child now, but at the same time they are not exactly doing everything in their power to prevent it either. Women who use the contraceptive pill are often advised to switch to a barrier method of contraception before they intend to start ‘trying’ for a child. Barrier methods are inherently less effective and if the couple has difficulty using them, and happens to be highly fertile it is quite possible that the pregnancy intended for three months hence arrives sooner than planned.

Fifth inline is the mortality decline which gives the all death reported in a given situation.While under-five mortality has declined slightly in recent years from  deaths from, infant mortality rates have remained unchanged. The relationship of a mother’s level of education to the health and well-being of her child is evident in that the probability of dying among infants whose mother received no formal schooling is two and a half times higher than that for infants whose mother has had some high school education.Lack of sufficient medical care, before and at the time of delivery, can increase the risk of complications and infections that can cause death or serious illness for either the mother or the newborn.

And lastly, is about the three main cause of death in our country.Heart disease was the top most caused death in the Philippines population If we compare United States and most other countries’ mortality rates, diseases of the heart remain the top cause of death.Top 2 is the diseases of the vascular system The common cause of both top 1 and top 2 are arterial blockage or arteriosclerosis, smoking increase intake of fat and salty foods, and inactivity. 3rd is the Nucleoplasm-Cancer it is one of the most common death in the world .

Everything in our surroundings must be taken care, problems in our government must be solved, and every person in this world must be loved,cared and respected.Each one of us is dreaming to have a good and peaceful society.Everyone must be aware of every thing that is coming and going. Nothing/no one should be left behind for everything that is happening in our country today, is the result of our right and wrong doings.There is still time to make our society a better place which complaints are vanished and thankfulness are in need.

Sources:

https://psa.gov.ph/content/literacy-men-and-women-philippines-results-2008-functional-literacy-education-and-mass-media

http://countrystudies.us/philippines/73.htm

http://www.gov.ph/2014/07/01/solving-underemployment-in-agriculture-the-key-to-inclusive-growth/

https://psa.gov.ph/content/infant-mortality-rate-philippines-remains-unchanged-about-35-deaths-1000-births-0

http://publichealthresources.blogspot.com/2013/05/what-are-top-10-leading-causes-of.html