Case Study in Economics

Topics: Philippines, Corazon Aquino, Benigno Aquino, Jr. Pages: 3 (823 words) Published: July 2, 2013

As said in the article our country has the fastest growing economy among Asian countries for the first quarter of 2013 from the National Statistical Coordination Board (NSCB), and this is good to know. It means that the Philippines was improving in economy cases. In the article the growth rate was the highest since President Benigno Aquino III took office in 2010. He promise to fight corruption and cut poverty. It means that under his presidential our economy was fastly growing or improving rather than past years ago. In the article also mentioned the Industry sector that also helps the growing of our economy. It is composed of mining, manufacturing and construction that increasing compared to the fourth quarter of 2012. By the years goes by were still hoping to achieve or to still maintain the fastest growing of our economy. But despite of the impressive growth figures of our economy, the Philippines still faces the challenges. Here are some of them; global slowdown, excessive capital inflows and natural disasters. It said that it can negate the gains and even push back the development of our economy. Meaning there are still many factors that can affect the faster growth of our economy. In job creation it has been taking less attention which explains why there are still more jobless Filipinos than it should. It’s a good thing that the government was urged by economists to diversify the economy by revamping the educational system and also produce employment opportunities in manufacturing. It can really help those lack in employment and education if there are more opportunities waiting for them. It is the most important thing that everyone needed and our country needed.

It is good to hear as a Filipino that the economy of our country Philippines has the fastest growing economy among the Asian countries for the first quarter of 2013. It is also good to know that under the presidential of our very own President...
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