What Else Besides Growth Matters to Poverty Reduction? Philippines
For the most part of the past quarter century, the Philippine economy performed poorly, especially seen against the backdrop of the dynamic East Asian economies. Spurts of growth were often followed by bust and stagnation. Not surprisingly, absolute poverty among a significant proportion of the population has persisted. The country's real per capita GDP at the turn of the 21st century was just about the same as that in the early 1980s, which is also partly attributable to unabated population growth.
- Overall Growth and Poverty Reduction
- What Do Subnational Data Show?
- Growth Plus