Poverty In The Philippines Case Study

Chapter 1

INTRODUCTION

With the dominance of large corporations in the Philippine setting, the gap between the rich and poor is manifested through the high-income inequality. Poverty especially in rural areas has been a perennial problem that results to influx of urban migrants. Despite the modest growth for the past years, the question still stands whether it is inclusive enough to penetrate the poorly stricken population in the Philippines. Its significance

This phenomenon is attributed to the lack of potential development for local enterprises which has already been tapped as a possible generator of working opportunities. With the growing importance of Medium, Small and Micro-Enterprises in the economy,

helping alleviating poverty by its ability to produce employment and income.

Background of the study

Global remittances have become a major source of income especially in the developing countries. According to the World Bank (2015), the total flow of remittances to developing economies accounted for almost $440 billion. Figures including that of developed countries would add another $146 billion in total. Five of the top remittance receiving countries such as India, China, Philippines, Mexico, and Nigeria are emerging economies in which, emphasizes its major role of this sector on their respective economies. Over the years, there has been an increase in remittance flow among these recipient countries.

With over ten million Overseas Filipino Workers