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TAGOLOAN NATIONAL HIGH SCHOOL TAGOLOAN MISAMIS ORIENTAL THE PHILIPPINES LOCAL ECONOMY A terminus Paper in Araling Panlipunan Submitted to: Mrs. Reisl Jade N. Cabural Submitted by: Alexis S. Telen IV- Frugality Introduction As we encounter faced many problems in our society, many of us ask to know the events or happenings here in our country oddly when it comes in our saving. As what we have learned in slightly media outlets like in newspaper, TV, radio and even in internet, we sack up see the big difference as the while goes on and on. And as we continue with this term paper, we will see the topical anaesthetic economy of our country together with its cause and effect relationships and the assertable solutions to the problems that our country is facing right now. Body The economy of the Philippines is the 14th largest economy in Asia and the 33rd largest economy in the world by purchasing power parity according to the International fiscal Fund in 2010. A newly industrialized appear market economy, it posted a veritable GDP suppuration rate of 5.3% in 2006 and 7.1% in 2007. Growth slowed to 3.8% in 2008 as a result of the global financial crisis. In 2009, the real growth rate was 0.9%. The Philippine economy grew by 7.

3% in 2010, which several reports described as the fastest growth in 24 years. Important sectors of Philippine industry include feed processing, textiles and garments, and electronics assembly. Most industries atomic number 18 concentrated in the urban areas almost Metro Manila, while Metro Cebu is also becoming an hooking for foreign and local investors. Cause The Philippines economy has had strong ups and downs. nitially a fast growing economy, the Philippines was at one time one of the richest countries in East Asia before slowing into a period of chronic underperformance. The factors behind the slow growth are complex but it is thought that contributing to it were the adoption of spell out substitution... If you want to get a full essay, order it on our website: Orderessay

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