The Underrated Economy of the Philippines

The Philippines, a gorgeous tropical archipelago of islands that forms one of the world's most significant economies today. Despite an awful track record of political instability, this nation is quite an achiever. The Philippine economy is a strong and steady ship, ready for whatever storms might lie ahead. Still, the story of the success and failures of an economy depends on its citizens.

It is interesting to look at the geography and demographic of the Philippines because the Philippines is one of the most populous nations in the world, and geographically it is unevenly divided. Metropolitan Manila, officially the National Capital Region with a population of 13 million with a population density of 21,700
persons per square kilometer, this tiny region that accounts for 36% of the gross domestic product. It has the highest per capita GDP of the country at $8,800 enjoying more than a ten-fold advantage over its poorest region.

It is thus understandable why Metro Manila continues to mushroom, despite its inadequate infrastructure and appalling pollution. The country is still fascinating to explore because it helped us understand things like political and economic instability in the Philippines and prospects for its future; it is necessary to look at the sources of uneven development.