by Ma. Ernita Joaquin

A Struggling Economy
Economic Concerns
Recent Performance
The Perky Peso
Overseas Filipino Workers
Top Corporations
Shopping Mall Boom
Underground Economy
Economic Prospects
Lingering Issues
Useful Links
Modules  for Teachers
Tagalog Main Page

Prepared July  2002. Opinions expressed in this module are those of the author and do not reflect the views of the NIU Seasite.

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What comes to your mind when you hear the word 'economy'? A car manufacturer? Workers sewing up the buttons on clothes? Bananas? How about fast-food chains like McDonald's?

The economy is what is typically measured in order to gauge the wealth of a country, in turn based on the goods and services that are found there. A simple financial reckoning divides the world between the rich, or high-income, and the poor, or low-income, countries. The Philippines in 2000 fell somewhere in the lower middle-income group, by the World Bank's standards.

In this module, students will get a brief glance at the state of the Philippine economy. The module describes major economic activities, features and aspects that can help give a clearer picture of the Philippines and the Filipinos.