The Philippines is primarily considered a newly industrialized country, which has an economy transitioning from one based on agriculture to one based more on services and manufacturing. The government is attempting to help the poor by funneling excess taxes to help subsidize transportation and food. It is a temporary solution but better than nothing I suppose. The trickle down effect is also going to take some time. It will be a few more years before the economic improvement, should it continue, can translate into more employment and poverty alleviation.
How can you improve the economy of the philippines? By promoting tourism because most of the landmarks in the Philippines is island. It has a thousands of island to be visit and its good thing to promote that kind of tourist spot.
Tourism. Better peace and order, and better infrastructure will catapult our Philippine tourism industry to levels at par with those of our Asean neighbors Thailand, Malaysia, Singapore, etc. I’m sure more European, East Asian and even Russian tourists will want to come to our archipelago if we can decisively improve the country’s negative peace and order image overseas, if we can have better and more efficient airports, etc.
Agriculture. The new government’s priority concern for rural countryside development should open up the country’s numerous arable lands and agriculture sector for more investments. Mindanao, Visayas and huge regions of Luzon have so much untapped agriculture potentials.
Education. A government that will prioritize education can benefit this sector, so schools, textbooks, educational services will hopefully flourish in the coming six years.
Love and respect are the foundation for good relations, but unity is the key to prosperity.
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