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Why is it that the Philippines is rich in minerals yet remain a poor country?
Wiki User
∙ 12y ago
because Filipinos did not use their minds.
Wiki User
∙ 12y ago
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Why is the Philippines rich in minerals and yet we remain a poor country?
The abundance of minerals doesn't guarantee wealth as their extraction and processing require significant investment and infrastructure. Inadequate governance, corruption, weak institutions, and lack of value addition in the mining sector contribute to the Philippines not fully benefiting from its mineral resources. Additionally, economic challenges like income inequality, poor education, and underdeveloped industries also play a role in the country's overall wealth.
Is the Philippines a poor country?
Well,not really.most people are middle class but some are poor
What is the impact of taxes on the poor in Philippines?
The impact taxes have on the poor in the Philippines is holding the poverty rate at a higher percentage and slowing the economic growth of the country.
Is Philippines a rich country or poor country?
The Philippines is considered a developing country with a mixed economy. While it has a growing economy and a young workforce, there is still a significant wealth disparity among its population. Factors such as corruption, underemployment, and inadequate infrastructure contribute to the country's poverty challenges.
Why is there help for Haiti and there was no help when the Philippines flooded?
Haiti's disaster was the largest and most destructive disaster in Haiti's history. Haiti is a poor country with a poor government, and with the massive earthquake that hit Haiti homes, tents, huts and many places were wiped off. In the Philippines, when the flood is over, the homes of many people remain where they are.
Why Philippines left behind by Asian nation?
Philippines is left behind by Asian nation because of poor governance. All their officials are corrupt, greed, criminals,stupid,sinners,and selfish and even their chief justice. That is why today and in the future Philippines always remain poor.
Is Philippines a rich country in Asia?
The Philippines is considered a developing country in Asia with a lower-middle-income economy. It is not considered a wealthy country compared to some of its neighboring nations in Asia.
What are the minerals found in Bolivia?
Bolivia is rich in minerals despite being a poor country. Some minerals include salt, tin, lithium and other refined metals.
Why is Philippines rich in minerals still poor?
They once were rich but then conqourers had came to take the riches from them. Conqourers such as the english, spanish, japenese, and more.
Cause and effect of graft and corruption in the philippines?
In general, nations that are poor are more prone to graft and corruption. Being a relatively poor country, the Philippines finds itself in a corrupt situation. Poverty breeds more graft and corruption.
Why the Spaniards come to the philippines?
because they got very bored and so decieded to dominate a poor defenceless country for shiggles
Why is the Philippines poor because of manny pacquiao?
The Philippines are part poor and in some areas rich so it depends
