have to run deficits when the economy is slowing.” Borrowing for capital generation purposes is necessary like setting up public enterprises which will contribute to a productive output. This is not applicable for Least Developed Countries (LDC) because first instabilities of LDC’s are of external origin like oil crisis‚ inflation‚ and recession in the industrialized countries; and second Keynes’ theories are based on the assumption of fully developed economies undergoing cyclical difficulties
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Philippines’ Economic Development Economic development: the qualitative process of structural change that involves the development of an economy’s economic and social infrastructure. Economic development involves the use of more resources or better quality resources to improve real increases in the quality of life of society. The construction of roads‚ railways‚ schools‚ hospitals‚ universities‚ dams‚ bridges‚ factories‚ power plants‚ ports and airport facilities are examples. Statistics: 1980
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Chapter 1 Background: The Philippine Educational System The educational framework in contemporary Philippines is guided by philosophical orientations that put primacy on pursuit and information of knowledge‚ skills‚ values‚ and attitudes necessary to make the Filipino a productive member of the society. It is geared towards the pursuit of better quality of life for all Filipinos. This framework also endeavours to harness productive capacity of the countries human resource base towards international
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Ethics‚ Access‚ Sampling‚ Pilots‚ quality will all be considered and following this a detailed description of the actual research process (including the strengths and weaknesses) that took place. 4.2 - Research Strategy The approach was concurrent mixed method case study. A case study research was a strategy that involved the empirical investigation of a particular contemporary phenomenon within its real life context‚ using multiple sources of evidence (Saunders et.al‚ 2012). Case study research covered
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name): Republic of the Philippines Region of the world: Southeast Asia Bordering countries (or nearest countries if an island state): Taiwan‚ Vietnam‚ Borneo‚ Indonesia and China are the closest countries to the Philippines. Population and world rank in population: Philippines is world’s 12th largest independent nation with 103‚775‚002 residents estimated in 2012. Current President or Prime Minister (List both if two): The current president of the Republic of Philippines is Benigno Aquino. He
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whether to follow a command or market economy has significant influences on the countries potential and its people. A market economy is one that gives the people the freedom to shape the economy. Countries that have a market economy include the USA‚ Canada‚ and UAE. Command economy on the other hand‚ does the opposite where the government has full control on the economy. The USSR and North Korea both have a Command economy. Both of these types of economies have social goals and strive to benefit
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Philippines Economic Efficiency: According to a survey by the Switzerland-based Institure for Management Development (IMD)‚ Philippines strength is on the quality of human resources Based on a statistical data‚ Philippines vanted: 1st in terms of unit labor costs in manufacturing 1st in terms of availability of skilled labor 3rd for competent managers 4th in terms of skills in finance This is manifested in the fact that OFW revenues hold a major impact on Philippines’ economy Eqaulity of
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1. Open Economy vs. Closed Economy • Open Economy A country has an open economy if it is joining international trade‚ which exporting and importing are collectively together. Selling or buying of goods or services to a foreign country is allowed in this kind of economy. The Market-economy is mostly free from trade barriers and where exports and imports form a large percentage of the GDP. Imports give citizens of a country access to products and services provided by other nations
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Corruption in the Philippiness In the early 1960s‚ the Philippines was an economic power. In fact‚ during the era‚ the archipelago nation boasted one of the largest economies in Asia‚ behind only Japan. Today‚ while it remains an important part of Asean and the world community at large‚ it’s safe to say that those glory days are long over. When most outsiders think of the Philippines today‚ it is political instability‚ economic struggle‚ crime and corruption that often come to mind. hen
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How to make the Philippines better? A term paper Presented to The faculty of the integrated basic education department Level 2 Siena College Quezon City _______________________ In Partial Fulfilment Of the Requirements for the Secondary Course ______________________ By Marie Patricia Ocampo and Ranjit Galman February 26‚ 2014 ii TABLE OF CONTENTS Page Acknowledgements
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