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More harshly said, it is not yet as rich and as developed as the first world countries. After the world war II, the Philippines was seen as one of the countries most likely to achieve economic power in the future. But as we can all see, this assumption is far from reality. History can account for the fact that the structural weaknesses of the government eventually led to our present economic status...
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A lot of reforms passed by certain politicians failed, which I deem is because of the major changes of economic plans from president to president. The government’s long-term program dies after a new president is elected. The Philippines is still a young nation and I don’t think it has the capacity to cope with major transformation in a short time...
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