Philippines Essays - National Accounts, Economy Of The Philippines

Philippines Essays - National Accounts, Economy Of The Philippines Philippines The Economy of the Philippines Per Capita Income: The per capita income of a certain country is the GDP of that country divided by the total population. In the Philippines the per capita income is approximately $700. When compared to the per capita income of the United States, which is about $22,000, it is easy to tell that the economy of the Philippines is very, very poor. GDP: Growth: 5.7% GDP= 82.8 billion dollars % FROM AGRICULTURE: 17.1 (important because you would think that since they mainly produce agricultural products that its percentage would be the highest) % FROM MANUFACTURING: 18.9 % FROM SERVICES: 39.2 (also important because you wouldnt think that this one would be the highest) % FROM GOVERNMENT: 7.9 Exports: Traditionally, the Philippines have been primarily an exporter of raw materials and an importer of manufactured goods. This is the role that many third world countries play in the global economy. Electronic and automotive parts, along with garments are the leading merchandise exports of the country. However, the Philippines also rely heavily on import inputs. The country also exports bananas, coconuts, copper, gold, lumber, pineapples and sugar. Imports: The Philippines mostly imports manufactured goods. Certain items remain subject to import regulations such as narcotic drugs, firearms, ammunition, etc. Their chief imports include chemicals, machinery, and petroleum. Trading Partners: The Philippines, like any other country, cannot produce everything that it needs. Instead, it relies heavily on foreign trade. Specialization in production allows for each nation to produce what it produces best, and to trade for products, which it cannot produce as well. This means that if you are better at one thing and I am better at another, rather than each of us trying to do both, we would each do what we are best at. Then, we would exchange what we had produced and both be better off than had we tried making both things on our own. It trades mainly with Japan and the United States. The Philippines maintain high tariff rates and protective barriers on sensitive agricultural products. Major Economic Activities: The Philippines has embarked on economic reforms and market liberalization measures in the past two years. As a result of this the Philippines has started to show signs of recovery since the era of Ferdinand Marcos. Even though the unemployment rate is very high, it has dropped from 10.5% to 9.8%, a considerable move for a two-year period. In the Philippines, the minimum age for employment is 15. Their constitution prohibits forced labor. All workers have the right to join unions. The prices are generally determined by free market forces, with only a few exceptions. Conclusion: Although the Philippines economy is weak, and the unemployment rate is high, the Philippines are showing some signs of improvement. It has recently become a more open economy, allowing for more free trade and free market forces. As this process continues, trade with the Philippines will increase, and eventually, a more capitalistic and a successful economy will emerge.

Try These Spooky Halloween Science Projects

Try These Spooky Halloween Science Projects Are you ready for some spooky science? These projects and experiments are just right for Halloween. Make your holiday educational as well as fun! Mad Scientist Party - Are you throwing a Halloween bash? Why not give it a mad science theme? Make Spooky Fog - Fog is a great spooky effect. Find it naturally while trick-or-treating or make your own for a party.Creepy Halloween Jack-o-Lantern - Creepy tendrils of fog flow from the carvings of this jack-o-lantern.Green Fire Halloween Jack-o-Lantern - This Halloween jack-o-lantern is filled with green fire.Glowing Pumpkin - A glowing pumpkin is a little more ghastly and creepy than your typical orange pumpkin. This is an easy project that yields a great result.Glowing Hand of Doom Punch - A glowing hand rises from the fog of this bubbling punch. Its the perfect party drink!Glowing Slime - Make glowing slime for a haunted house, a Halloween party, or just because glowing slime is cool.Water into Blood Demonstration - Learn about pH indicators or just use this as a cool trick.Laundry Detergent Glowing Skull - Make a glowing skull decoration using laundry detergent.Homemade Face Paint - Make your own non-toxic Halloween face paint. The base paint is white, though you can customi ze it to be any color you like. Make Fake Blood ... or fake snot, vomit, wounds, or glass.Fake Blue or Green Blood - Blood isnt always red. Spiders, for example, have blue blood. If your Halloween adventure includes blood from another species, you might like this edible blue or green fake blood.Glowing Ink can be used to write eerie glowing messages.Make Colored Fire - Fire is fun, but colored fire can be spooky. Try adding a bit of color to your jack-o-lantern flame.Make a Fizzy Potion - Halloween drinks can bubble and fizz like something a mad scientist might drink.Dry Ice Crystal Ball - All you need is dry ice and bubble solution to create an eerie, long-lasting bubble that resembles a cloudy crystal ball.Halloween Reaction - This clock reaction makes a spectacular Halloween demonstration since the colors change from orange to black. This demo is for the chemistry lab rather than home.Smoke Bomb Jack-o-Lantern - Lighting a homemade smoke bomb inside of a jack-o-lantern is a lot of fun, plus it produces a ton of smoke. Glowing Ice Crystal Ball - This glowing crystal ball is the perfect addition to any Halloween punchbowl, especially if you add a little dry ice, too.