> #economics , #international-relations > 100 words why philippines still dependent to other developed countries?
Anonymous
Nov 29, 2023

100 words why philippines still dependent to other developed countries?

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Nov 29, 2023
The Philippines is still dependent on other developed countries for several reasons. Firstly, the country lacks sufficient infrastructure and technology to support its own industries. This leads to a reliance on imports for goods and services that cannot be produced domestically. Additionally, the Philippines has a limited pool of skilled labor, which often leads to the need for foreign expertise and manpower. Furthermore, the country's economy heavily relies on remittances from overseas Filipino workers, highlighting its dependence on the employment opportunities provided by other countries. Lastly, the Philippines also relies on foreign aid and investments to support its development projects and address socio-economic challenges.
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Anavic Villegas
Nov 30, 2023
100 words
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