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Free trade had the effect of enriching the landowning Filipino elite. But it also made the Philippine economy profoundly dependent on the United States, vulnerable to its many booms and busts. Additionally, it had the long-term effect of discouraging crop and market diversification and the development of manufacturing industries.
30 Δεκ 2023 · Philippine Poverty and Farm-Based Economy Have Roots in Colonial Era - The New York Times. Photographs and Video by Jes Aznar. ‘There’s No Other Job’: The Colonial Roots of Philippine...
Economy. The Philippines’ economy is continuing to grow and is moving away from agriculture exports and toward electronics and oil. GDP: $694.5 billion. Per Capita Income: $7,000. Unemployment Rate: 7.2 percent. Population Below Poverty Line: 26.5 percent Inflation Rate: 4.5 percent
The new economy gave rise to a new middle class in the Philippines. In the mid-19th century, the Suez Canal was opened which made the Philippines easier to reach from Spain. The small increase of Peninsulares from the Iberian Peninsula threatened the secularization of the Philippine churches .
The economic history of the Philippines is shaped by its colonial past, evolving governance, and integration into the global economy. Prior to Spanish colonization in the 16th century, the islands had a flourishing economy centered around agriculture, fisheries, and trade with neighboring countries like China, Japan, and Southeast Asia.
12 Αυγ 2021 · The search for non-Western sources that would inspire a viable sense of common consciousness prompted leading figures in the anti-colonial movement in the Philippines to seek inspiration from China, Malaya, Vietnam, and Japan.
30 Ιουν 2014 · Although most of the book is dedicated to examining the legacy of US colonial and post-colonial relations on Philippine politics, economics, and society, it provides adequate coverage on a wide range of topics.
