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What is Economic Challenges in the Philippines about?

This document discusses basic economic problems in the Philippines. It identifies unemployment and poverty as two key economic issues. Unemployment is defined and the latest unemployment rate of 17.7% is provided. Several causes of unemployment are outlined including frictional, structural, cyclical, and seasonal unemployment. Poverty is defined and the poverty rate of 16.7% is given. Major causes of poverty discussed include corruption, education, natural/geographical factors, and ineffective governance. T

Author

Jodie Cabrera

Language

EN