Poverty: Phillipines vs Canada

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I have conducted extensive research on the needs of the country in question. Throughout the course of my research it has become clear that there can be many trends in the data and statistics of economic concerns of many countries. In order to better illustrate my point I have chosen to compare two different countries while observing one economic concern. I have decided to illustrate the concern of poverty in the economy of the Philippines and Canada.

The Philippines is a country that has been destroyed by widespread poverty. The economic concerns in this country have multiplied in the past decade. There are many causes to the many problems and not enough effective reforms to rectify them. They currently have a population of 88 million people, and it is expanding rapidly. An increasing population with out enough jobs to sustain them increases the poverty level. In this country's case, the population growth was the major contributor to their high poverty level. We need to also take into account the location of this country and the natural disasters that they encounter. There are 22 active volcanoes in the Philippines and 88 inactive ones. Just this year, there have been seven earthquakes or predicted earthquakes. They constantly have landslide and tsunamis, and on the average, they are affected by 15 major storms a year. They are normally hit with al least 5 or 6 of them. With all these problems affecting their agriculture, their struggle to decrease their poverty levels and improve their way of life is a constant challenge. 77.4% of the country's GDP is public debt. The 2000 Philippine Human Development Report says that even though their economy is inactive, they are doing very well. Even though nearly half...

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...s and in this particular case it is obviuos that Canada can be classified as a success in eliminating poverty. I located these data sets on multiple web sites that are stated on my reference page. Another question that was asked pertained to trends in the data sets identified for each country analyzed. After completing my research I discovered two themes that seemed to stand out amongst all the others. Poverty proves to be caused by a lack of education and government support as we can see above in the stats I have provided.

References

Arthur O'Sullivan (2006). Economics:Principles and Tools. New Jersey: Pearson Education Inc..

Wikepedia (2005) Economy of Canada Retrieved 01/26/2005

http://en.wikipedia.org/wiki/Economy_of_Canada

International Monetary Fund (2005) Growth in East Asia Retrieved 01/26/2005

http://www.imf.org/external/pubs/ft/issues1/

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