Philippine Economic Environment

743 Words3 Pages
Aguilera (2012) specifies that Philippines limited in the north by the Bashi Channel; on the south by the Sulu Sea and Celebes; on the east by the Pacific; and on the west by the South China Sea. The total area of more than 14,000 islands, islets and rocks is 309,615 square kilometres. In general, 94.01 millions was the population estimated for Philippines. The major cities are the capital, Manila, with 11.55 million in metropolitan area, Davao with 1.36 million and Cebu City with 0.80 million. These data are an approximation as the population increases 1.9 % each year. “According to the topography, all the archipelago is hilly terrain with narrow coastal lowlands. The topography of the secondary islands is simple and almost all of them are…show more content…
At the age of eighteen people can vote, but it is not compulsory. Infant mortality rate is 25 per 1 000 and the life expectancy for males is 68. 7 and for females 74.7. Economy comes form agriculture (33%), industry (15%) and commerce and government (52%). The natural resources that these isles produce are copper, nickel, iron, cobalt, silver and gold. In relation to agriculture for domestic consumption and exportation, products as rice, coconut, sugar, corn, pork, bananas, pineapple, aquaculture, mangoes… are the most predominant. “Arable farmland comprises more than 40% of the total land area. Although the Philippines is rich in agricultural potential, inadequate infrastructure, lack of financing, and government policies has limited productivity…show more content…
“This sector is concentrated in urban areas, especially in the metropolitan Manila region, and has only weak linkages to the rural economy. Inadequate infrastructure, transportation and communication have so far inhibited faster industrial growth, although significant strides have been made”. Otherwise, the Philippines possesses one of the most mineralized area SIN EXPLOTAR in the world (more than $840 billion). “Copper, gold, and chromate deposits are among the largest in the world. Other important minerals include nickel, silver, coal, gypsum, and sulphur. In 1970 and 1980, Philippines was one of the ten most efficient producers of gold and copper in the world. Some disadvantages were “low metal prices, high production costs, and lack of investment in infrastructure, that contributed to the industry's overall
Open Document