Thursday, August 25, 2016

Filipino Poverty

40% OF Filipinos are “trapped in a vicious cycle” of slipping in and out of poverty whenever they are affected by external shocks, despite the fact that the Philippines has been enjoying a strong, sustained economic growth over the past several years.

A study by the Asian Institute of Management Rizalino S. Navarro Policy Center for Competitiveness explained “At present, the benefits of recent economic successes are yet to be broadly felt, especially among the poor and disenfranchised in society.”

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