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The economy saw continuous real GDP growth of at least 5% since 2012. The Philippine Stock Exchange index ended 2012 with 5,812.73 points a 32.95% growth from the 4,371.96-finish in 2011. [80] The Philippines achieved an investment grade rating for the first time in the first quarter of 2013.
The Price Revolution, sometimes known as the Spanish Price Revolution, was a series of economic events that occurred between the second half of the 16th century and the first half of the 17th century, and most specifically linked to the high rate of inflation that occurred during this period across Western Europe. Prices rose on average roughly ...
The opening of Philippine trade to the world gave rise to business and imposing edifices that made Manila the 'Paris of Asia'. La Insular Cigar Factory is one of the most popular. The development of the Philippines as a source of raw materials and as a market for European manufactures created much local wealth. Many Filipinos prospered.
The Philippines, [g] officially the Republic of the Philippines, [h] is an archipelagic country in Southeast Asia. In the western Pacific Ocean , it consists of 7,641 islands , with a total area of roughly 300,000 square kilometers, which are broadly categorized in three main geographical divisions from north to south: Luzon , Visayas , and ...
The Philippines' exports income had begun growing in the early 1970s due to an increased global demand for raw materials, including coconut and sugar, [1] [10] and the increase in global market prices for these commodities coincided with the declaration of martial law, allowing GDP growth to peak at nearly 9 percent in the years immediately ...
His major contribution was the history of prices in Spain: the concept of Price Revolution in the 16th century. The work of Hamilton was coincident intellectually with keynesianism and contemporary crisis of 1929. He started his work on this topic within the International scientific committee on price history, within which he was responsible ...
Gross profits ranging from 100% to 300% in the trade of these commodities can be eared by China, and lower price of the product itself means the greater room for profits. At the same time, European and Japanese traders profited from the price difference between Chinese silver and the rest of the world.
After the World War II Japanese invasion in 1941 and subsequent occupation of the Philippines, the United States and Philippine Commonwealth military completed the recapture of the Philippines after Japan's surrender and spent nearly a year dealing with Japanese troops who were not aware of the war's end, [3] leading up to U.S. recognition of ...