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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.
Today, environmental problems in the Philippines include pollution, mining and logging, deforestation, threats to environmental activists, dynamite fishing, landslides, coastal erosion, biodiversity loss, extinction, global warming and climate change. [1][2][3] Due to the paucity of extant documents, a complete history of land use in the ...
Political globalization is the growth of the worldwide political system, both in size and complexity. That system includes national governments, their governmental and intergovernmental organizations as well as government-independent elements of global civil society such as international non-governmental organizations and social movement ...
Politics in the Philippines are governed by a three-branch system of government. The country is a democracy, with a president who is directly elected by the people and serves as both the head of state and the head of government. The president serves as the leader of the executive branch and is a powerful political figure.
Climate change is having serious impacts in the Philippines such as increased frequency and severity of natural disasters, sea level rise, extreme rainfall, resource shortages, and environmental degradation. [1] All of these impacts together have greatly affected the Philippines' agriculture, water, infrastructure, human health, and coastal ...
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.
AmBisyon Natin 2040 (literally "Our Ambition 2040") is the twenty-five-year long term vision developed by the Philippine government as a guide for development planning. [1] [2] It is designed to overcome the challenges brought by the Philippines' current political system, which is bound to the limits of the country's six-year presidential terms. [3]
Fiscal policy are "measures employed by governments to stabilize the economy, specifically by manipulating the levels and allocations of taxes and government expenditures". [1] 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 ...