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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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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Philippine Agriculture over the Years: Performance‚ Policies and Pitfalls 1 Cielito F. Habito and Roehlano M. Briones 2 Introduction Although many still think of the Philippines as an agricultural economy‚ strictly speaking‚ it is not. Agriculture‚ fishery and forestry directly account for just one-fifth (20 percent) of the economy’s aggregate domestic output (GDP). Ever since the 1960s‚ the direct share of agriculture in the GDP had fallen below one-third‚ and by 1981‚ the sector’s share had decreased
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protection of American lives and properties in Cuba. The Battle of Manila Bay * April 10‚ Basilio Agustin was appointed Governor of the Philippines. * He replaced Primo de Rivera. * Lt. Gen. Fermin Jaudenes was put in charge of the army. * April 20‚ Commodore George Dewey of the US Aquatic Squadron left Hong Kong to set sail for the Philippines to initiate the war with Spain. * Dewey was boarded in his flagship in Olympia. * May 1‚ 1898‚ Dewey encountered Spanish Armada of
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FORECASTS for Philippine economy have remained upbeat with the projected higher consumer and government spending and favorable outlook for real estate and tourism sectors. An economic outlook and forecasts by Metrobank’s research department showed that the country’s growth domestic product (GDP) will continue to grow at an average of six percent in 2013. Because of the stellar growth in the first three quarters of 2012 and given the still rosy prospects‚ the Research center has revised a full-year
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nowadays when numerous issues are colouring the taxation system of the country. With these‚ today‚ its importance seems to be overlooked and is viewed more negatively as a burden to the people. Currently‚ the individual income tax rate in the Philippines stands at 32 percent‚ which is third highest in the entire Association of South East Asian Nation (ASEAN) region‚ next to Thailand and Vietnam. A number of the country’s lawmakers already have their hands on this matter and encourages the government
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10 Economic Problems of the Philippines 1. Over-dependence on Global Economy The growth of the Philippines economy drastically slowed to just 3.6% in the first three quarters of 2011‚ which is significantly less than the 7%-8% growth targeted by administration’s Philippine Development Plan (PDP). Though the slowdown may have been due to the ongoing global crisis‚ it was markedly slower in comparison to other South-East Asian neighbors. Economic performance figures indicated a contraction
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One of the major challenges teachers are facing in teaching a language is dealing with mixed ability classes. One and the same theme or material may be boring to a student with a higher level or depressing to a student with a lower level. For this reason‚ I decided to clarify what responsibilities a teacher should have as well as a student in the classroom in order to achieve effectiveness of the lesson. Deniz Şalli-Çopur (Middle East Technical University‚ Ankara‚ Turkey‚ 2003) made a concern on
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The Phillips Curve and the Philippines According to Cristeta B. Bagsic‚ the Phillips Curve “depicts the trade-off between inflation and unemployment rate” (“The Phillips Curve and Inflation Forecasting: The Case of the Philippines”). Nowadays‚ the relationship depicted by the Phillips curve is specified in the following equation: πt = πe – γ(UR – UR*) + v where πt is the inflation rate‚ πe is the expected inflation‚ γ is a parameter‚ UR is the unemployment rate‚ UR* is the natural rate of unemployment
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While some people argue that mixed ability classes are more beneficial to the development of school children‚ others hold the view that homogeneous grouping of students enable the largest number of students to experience the most learning success. Although heterogeneous grouping of students can bring certain advantages‚ I personally believe that ability grouping work best to cater to students of different learning ability and interest and will help to maximise learning. First of all‚ there is a little
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