Socio Political Situation of Philippines
The driving force for true reform must come from the political leadership. ... If they dont, the long-term prospects for Philippines in the global economy will be significantly threatened. ... Considerable portions of both industry and finance are highly monopolized in the Philippines. ... Unemployment has remained high in the Philippines, at almost twice the level of some neighboring countries, despite a relatively strong rise in employment. Job growth was not fast enough to reduce the unemployment rate, given rapid population growth and increased labor force participation in the Philippines.