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China declares an exclusive economic zone in the East China Sea which extends hundreds of kilometers into Japan's maritime claims. 2013: 8 January: The General National Congress changes the provisional name of Libya to the State of Libya, pending the adoption of a new constitution. [54] 1 July: Croatia joins the European Union. 24 October
The economic history of the Philippines is shaped by its colonial past, evolving governance, and integration into the global economy. Prior to Spanish colonization in the 16th century, the islands had a flourishing economy centered around agriculture, fisheries, and trade with neighboring countries like China, Japan, and Southeast Asia.
Timeline of geopolitical changes may refer to: Geopolitical changes: Timeline of geopolitical changes (before 1500) Timeline of geopolitical changes (1500–1899) Timeline of geopolitical changes (1900–1999) Timeline of geopolitical changes (2000–present) National border changes: List of territory purchased by a sovereign nation from ...
Real GDP per capita development of the Philippines, 1965 to 1986. The 21-year period of Philippine economic history during Ferdinand Marcos’ regime – from his election in 1965 until he was ousted by the People Power Revolution in 1986 – was a period of significant economic lows.
The European Union and the Philippines shares diplomatic, economic, cultural and political relations. The European Union has provided €3 million to the Philippines to fight poverty and €6 million for counter-terrorism against terrorist groups in the Southern Philippines .
The economy of the Philippines is an emerging market, and considered as a newly industrialized country in the Asia-Pacific region. [31] In 2024, the Philippine economy is estimated to be at ₱26.55 trillion ($471.5 billion), making it the world's 32nd largest by nominal GDP and 13th largest in Asia according to the International Monetary Fund.
In 2009, the Philippines and China signed the Joint Action Plan for Strategic Cooperation, a five-year agreement to increase cooperation in all areas. [10]: 158 In 2016, Philippine president Rodrigo Duterte and Chinese president Xi Jinping created the biannual Bilateral Consultation Mechanism on the South China Sea, a process allowing the two nations to peacefully manage disputes and ...
In the Philippines, this is characterized by continuous and increasing levels of debt and budget deficits, though there were improvements in the last few years of the first decade of the 21st century. [2] The Philippine government's main source of revenue are taxes, with some non-tax revenue also being collected. To finance fiscal deficit and ...