What does “POVERTY” means? It is the state of having little or no money and few or no material possessions in a certain country. Poverty and inequality in the Philippines remains a challenge. In the past four decades, the proportion of households living below the official poverty line has declined slowly and unevenly and poverty reduction has been much slower than in neighboring countries such as the People's Republic of China, Indonesia, Thailand, and Viet Nam. Economic growth has gone through boom and bust cycles, and recent episodes of moderate economic expansion have had limited impact on the poor. Great inequality across income brackets, regions, and sectors, as well as unmanaged population growth, are considered some of the key factors constraining poverty reduction efforts.
The poverty levels vary greatly by regions in our country. Poverty remains also a mainly rural phenomenon though urban poverty. Poverty levels are strongly linked to educational attainment because there are many children who could not even go to schools. There is also the fact that poor have large families, with six or more members. The Governance and institutional constraints remain in the poverty response. Another factor is that there is weak local government capacity for implementing poverty reduction programs in our country.
In the immediate and short term there is a need to enhance government’s poverty reduction strategy and involve key sectors for a collective and coordinated response to the problem. In the medium and long term the government should continue to pursue key economic reforms for sustained and inclusive growth.
Philippine economy strong but unemployment remains a challenge to Filipino Citizens. The Philippines remains one of the most resilient economies in Southeast Asia, but such growth is neither sustainable nor inclusive as joblessness remains a problem for most Filipinos.
The official unemployment figures for the Philippines...