Economics Explained The Economy of the Philippines
May 23, 2024
Explore the economic success and failures of the Philippines as a modern growth nation, diving into key factors such as technology, trade, and demographics. Learn about the unique challenges of a large population on small landmass, high birth rates, labor oversupply, and the country's role in global outsourcing. Discover how interdisciplinary approaches in economic analysis are crucial to understanding the dynamics of the Philippine economy.
AI Snips
Chapters
Transcript
Episode notes
Economics Needs A Wider Lens
- Economics cannot be understood in isolation from history, politics, psychology, and religion.
- Speaker 0 stresses interdisciplinary study to explain the Philippines' economic outcomes.
Severe Land Constraints
- The Philippines packs about 110 million people into a tiny, mountainous archipelago with limited usable land.
- That shortage intensifies urban concentration and raises infrastructure and living‑space pressures.
Manila's Extreme Density
- Manila and its metro area house over 24 million people in a very small area, creating extreme density.
- That density drives severe congestion and forces informal urban sprawl.