The Perky Peso
Modules for Teachers
Tagalog Main Page
July 2002. Opinions expressed in this module are those of the author and do not
reflect the views of the NIU Seasite.
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.