Economic growth has gone through boom and bust cycles, and recent episodes of moderate economic expansion have had limited impact on the poor. View Research on Poverty in the Philippines Research Papers on Academia.edu for free. Introduction The Philippines is one of the three countries granted exemption in 1995 from the removal of quantitative restriction (QR) on rice under Annex 5 of the World Trade Organization (WTO) agreement. Poverty In Philippines Essay Introduction The Philippines is one of the three countries granted exemption in 1995 from the removal of quantitative restriction (QR) on rice under Annex 5 of the World Trade Organization (WTO) agreement. Consisting of 7,641 islands, the Republic of the Philippines is a country located in the western Pacific Ocean. Especially when the typhoon hit the Philippines and where people lost their lives and homes and have nowhere else to live. Now poverty has affected a quarter percentage of the population and is still increasing. Despite a declining poverty rate in recent years, 21.6 percent of the country’s population still live below the national poverty line. Japan and South Korea are the other two countries. The Philippines has had a major problem ever since poverty has struck there. The exemption will expire on December 31, 2004. The World Bank’s PEU notes that poverty reduction in the Philippines is proceeding at a slow rate compared to its neighbors in the region. Poverty and inequality in the Philippines remains a challenge. Poverty In Philippines Essay. The poverty rate in these households hovers close to the national average of 21.6 percent, according to World Bank calculations.
Poverty in the Philippines is more persistent than in other countries in Southeast Asia. In developing countries such as the Philippines, the psychological experience of poverty is characterized by the impossibility of upward mobility. In the past 4 decades, the proportion of households living below the official poverty line has declined slowly and unevenly.