Question

how you see the Philippines in the next twenty (20) years as an Asian country and as a third world country.

Answer 1

Answer:

Republic of the Philippines (Filipino: Republika ng Pilipinas),[a] is an archipelagic country in Southeast Asia. Situated in the western Pacific Ocean, it consists of about 7,641 islands that are broadly categorized under three main geographical divisions from north to south: Luzon, Visayas, Mindanao. The capital city of the Philippines is Manila and the most populous city is Quezon City, both within the single urban area of Metro Manila. Bounded by the South China Sea on the west, the Philippine Sea on the east and the Celebes Sea on the southwest, the Philippines shares maritime borders with Taiwan to the north, Japan to the northeast, Palau to the east, Indonesia to the south, Malaysia and Brunei to the southwest, Vietnam to the west, and China to the northwest......I Hope its Help

Explanation:

Answer by

Kirandeep Kaur

Answer 2

Answer:

• The 34th-largest economy in the world, the Philippines has the potential to experience significant future growth.
• To make the nation more appealing to international investors, both the government and central bank have taken action.
• Although there are difficulties to overcome, such as bureaucratic barriers, the nation is correctly planning for a better future.
• So we can say that, in 20 years the future of it is going to be bright if it deals with its obstacles well.
• The Philippines are still regarded as a Third World nation today.
• The majority of people believe that issues like corruption, unemployment, crime, and poverty prevent this country from joining the developed countries.
• The Philippines' economy is thriving and has a lot of room to expand.
• The measures taken to make it appealing to foreign investors are examined by EY Reporting.
• With some excellent economic fundamentals, the Philippines has recently become one of the more dynamic economies in the Asia-Pacific region, defying stereotypes.
• It has the potential for significant future expansion and now ranks as the 34th largest economy in the world and the 13th largest in Asia.
• It is regarded as a "newly industrialised" nation, meaning that its economy is moving away from agriculture and toward manufacturing and services.

• The economy of the nation has recently experienced some of Asia's quickest growth.
• Government statistics show that the GDP expanded by 6.9% in 2016, 6.7% in 2017, and 6.2% in 2018. (By way of reference, according to OECD figures, GDP in Emerging Asia increased by 6.5% in 2017 and 6.6% in 2018).
• Between 2016 and 2018, the per capita income rose by 17%.
• The Philippines' growing middle class, huge and youthful population, and growing urbanisation are highlighted by the World Bank (WB).
• It's also important to remember that English is an official language in the nation and is taught in all public schools.

#SPJ3