Poverty Phillipines vs Canada Essay - 1062 Words

I have conducted extensive research on the needs of the country in question. Throughout the course of my research it has become clear that there can be many trends in the data and statistics of economic concerns of many countries. In order to better illustrate my point I have chosen to compare two different countries while observing one economic concern. I have decided to illustrate the concern of poverty in the economy of the Philippines and Canada. The Philippines is a country that has been destroyed by widespread poverty. The economic concerns in this country have multiplied in the past decade. There are many causes to the many problems and not enough effective reforms to rectify them. They currently have a population of†¦show more content†¦The high crime and drug rates, the low education rates, the lack of knowledge of technological advancement, and the poor living conditions also play a large role in the high poverty level. Table 1Poverty incidence in selected Asian countries1(percent) Years Annualreduction Firstyear Lastyear PhilippinesIndonesiaKoreaMalaysiaThailand 1971Ââ€"941970Ââ€"901970Ââ€"901973Ââ€"871962Ââ€"88 0.72.00.91.61.4 5258233759 361951422 Sources: World Bank, 1996, and Philippines, National Statistical Coordination Board, 1996. 1Defined as proportion of families living below the poverty line. A lot has been done to benefit the situation in the Philippines; however, few changes have actually been made. Industry is highly monopolized. Mismanagement caused the land to be unequally distributed. Reforms that were made had little progress. Income was highly monopolized as well. The 10% of the rich population got richer. There was a small attempt to redistribute the money, but the only people who seemed to benefit from this were the middle class. President Aquino made an effort to destroy the monopolies, boost the economy, and create more jobs for the lower class. She was only able to bust down the state protected monopolies and because her efforts failed, poverty continued to weigh heavily on the Philippines. Table 1 shows the slow rate in which the poverty level has improved in the past years. This can mainly be blamed