The Philippines is in the threshold of becoming a newly-industrialized country (NIC)
Foreign observers agree that our country has made enough progress to wipe out our reputation: “The sick man of Asia”
Asiaweek & Far Eastern Economic Review Voted the Philippines as 1994’s biggest turnaround story Time Magazine Better times have come to the Philippines. Asia’s favorite basket case is proving that democracy isn’t the enemy of development
Development is dependent on a complex combination of factors: natural, physical, and human resources
Let us examine how much we have in order to substantiate our claim that the Philippine is on the road to progress
The Philippine is a rich country. It is well-endowed with natural resources which are the products and features of the Earth that support life and satisfy people’s needs forest and non-forest land areas, water resources and mineral deposits
The country has a big population which can be considered its wealth too. the labor force is literate, skilled, and healthy
Look around you and you will see wider roads, flyovers, long bridges, skyways, skyscrapers, heavy equipment and machinery physical resources
FOREST RESOURCES This natural wealth plays an important part in the economy of the Philippines. The national government earns considerable income from forest operations, thus, the need to control forest exploitation. How does rapid population growth affect forest resources?
Problem of Our Forest Resources 1. Rapid denudation of Philippine forest. 2. The destruction of watershed areas. 3. The upland population has increased tremendously
FISHERIES & AQUATIC RESOURCES The fishing industry is one of the most important industries in the country. The rich fishing grounds may be classified into 3 types: terrestrial, marine water, fresh water area. How valuable is our fishing industry to our economic growth?
Problem of Fishing Industry 1.Siltation has resulted in the death of fish and other marine life. 2.Overfishing in the shallow coastal water depletes the fish resources in these areas . 3.Illegal fishing practices. 4. Pollution of fish habitat.
HUMAN RESOURCES One of the factors that contributes to a country’s development. To say we are a rich country is a crude way of measuring our wealth. How does a young population with a high dependency ratio affect the resources of individual resources?
Questions to consider 1. Do we have a quality of population? 2. Do we have a healthy population 3. Do we have a literate population? 4. Do we have a population or a labor force in particular, that possesses the qualifications that will enable it to compete in a global economy? 3. Do we invest enough on human capital?
What is the economic value of the government’s investment in health and education program?
PHYSICAL RESOURCES Physical resources are man-made structures, machines, and equipment which are intended to improve the productive capacity of the economy. How does rapid population growth affect forest resources?
Kinds of Physical Resources 1.Public Works and Highways 2.Transportation and Communication
Can physical resources improve the productive capacity of the economy?