Philippines, 2018–2023—High and Inclusive Growth
Asian Development Bank | August 2018
Abstract
The Philippines is among the fastest growing economies in Southeast Asia and is on track to achieving its target of becoming an upper middle-income country by 2022. However, while national poverty incidence fell from 25.2% of the population in 2012 to 21.6% in 2015, the poverty rate translated to almost 22 million poor people and is still high for a middle-income country. Further, household income inequality in the Philippines is among the highest in Southeast Asia. Wide income disparities across the country’s regions indicate that the benefits of economic growth have been distributed unevenly.
Citation
Asian Development Bank. 2018. Philippines, 2018–2023—High and Inclusive Growth. © Asian Development Bank. http://hdl.handle.net/11540/8847.Keywords
Agricultural And Rural Development
Development In East Asia
Infrastructure Development Projects
Institutional Development
Millennium Development Goals
Policy Development
Social Development Programs
Social Development
Cultural Development
Development Economics
Development Issues
Rural planning
Aid coordination
Industrial projects
Infrastructure projects
Natural resources policy
Educational development
Development Issues
Social participation
Political participation
Community banks
Business planning
Infrastructure
Sustainable urban development
Social contract
Government
Crisis management in government
Transparency in government
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