Is the philippines are most poorest economy in asia? and why?
Answer:
No, Philippines is not the poorest and in fact the government has pledge to its people that Philippines may become soon a First World country by the year 2020. Philippines belongs to top 70 on the highest GDP in the world, its one of the fastest growing economy in Asia. The poorest country in Asia is Timor Leste - the newest country which gained independence from indonesia few years ago. Among the poorest is Cambodia, Myanmar, Bangladesh, Bhutan and North Korea.
No, LAOS and CAMBODIA .....thanks to the mess left by the US after Vietnam
No, North Korea is the poorest. They can only light the capitol at night and the rest of the country is without electric after 7 PM. There is a food shortage, medical shortage just to name a few.
No, Phillippines is not poor.
NO. What is the basis for your assumption? The World Bank ranked the Philippines 24th in Purchasing Power Parity (PPP).
Purchasing power parity (PPP) conversion factors take into account differences in the relative prices of goods and services—particularly non-tradables—and therefore provide a better overall measure of the real value of output produced by an economy compared to other economies. PPPs provide a better measure of the standard of living of residents of an economy.
http://siteresources.worldbank.org/datas...
http://web.worldbank.org/wbsite/external...
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