Pala-isip

We have been in a global financial crisis since 2008 and luckily, the Philippines was pretty much spared. Except for exporters to the United States, the Philippine economy in general was largely spared from the crisis unlike Europe and the US. The Philippine economy however is hardly what you would call great. Unlike China and other countries in Asia, the poverty rate is still rising and the only people making real money are the ones who are already rich. The majority of Filipino students wants to go into nursing or call center jobs. The hopes of going abroad has diverted a lot of students from studying to be engineers, architects or pharmacist. But because of the bad US economy, a lot of nurses are unable to go abroad and find work now. If you look at the Philippines economy, it has gone from agriculture, to manufacturing to a service economy. During the Ramos administration, a lot of land was sold because of a real estate bubble and most of these land was converted into subdi...