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Cause of poverty in Phillipines

Sagot :

Answer:

1. low to moderate economic growth for the past 40 years;

2. low growth elasticity of poverty reduction;

3. weakness in employment generation and the quality of jobs generated;

4. failure to fully develop the agriculture sector;

5. high inflation during crisis periods;

6. high levels of population growth;

7. high and persistent levels of inequality (incomes and assets), which dampen the positive impacts of economic expansion; and

8. recurrent shocks and exposure to risks such as economic crisis, conflicts, natural disasters,and "environmental poverty."

Explanation: