Cause of poverty in Phillipines
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Answer:
1. low to moderate economic growth for the past 40 years;
2. low growth elasticity of poverty reduction;
3. weakness in employment generation and the quality of jobs generated;
4. failure to fully develop the agriculture sector;
5. high inflation during crisis periods;
6. high levels of population growth;
7. high and persistent levels of inequality (incomes and assets), which dampen the positive impacts of economic expansion; and
8. recurrent shocks and exposure to risks such as economic crisis, conflicts, natural disasters,and "environmental poverty."
Explanation: