Introduction Afghanistan’s tumultuous history, from serving as a buffer state in the Great Game to enduring the Soviet invasion and the rise of the Taliban, has shaped its present challenges and uncertain future. Covering a vast territory with a population in dire need, Afghanistan relies heavily on agriculture and possesses rich natural resources yet struggles…
Brief overview of Indonesia’s economic landscape Indonesia’s economic prospects for 2024 show promise, albeit with some accompanying risks and challenges. The anticipated growth trajectory suggests a 4.8% expansion in 2024, followed by a modest increase to 5.0% in 2025, as the commodity boom tapers off and domestic demand stabilizes. Notably, private consumption is poised to…
Introduction Amid escalating tensions in the South China Sea, where territorial disputes between China and the Philippines have raised concerns of potential conflict, the Philippines stands out as an economic stronghold. Despite China’s aggressive actions, including interference at the Second Thomas Shoal and clashes at sea. The Philippines has exhibited impressive economic resilience on the…
Introduction The history of the Philippines is deeply etched with the imprints of successive colonial empires. Notably, the period of American colonialism, spanning from 1898 to 1946, stands as a pivotal chapter. Following the 1898 Treaty of Paris, the Philippines transitioned from Spanish rule to American authority in the aftermath of the Spanish-American War. This…
Introduction The classification of the Philippines as a rich or poor country hinges on various criteria. According to the World Bank, it falls into the lower-middle-income category, reflecting progress in economic growth but persistent challenges like poverty and inequality. Its nominal GDP of $435.67 billion (2023 est.) ranks 34th globally, and when adjusted for purchasing…
A Brief The Philippines is poised for robust economic growth, with its total GDP projected to double from USD 400 billion in 2022 to USD 800 billion by 2030. Forecasts indicate that by 2033, the country is set to join the select group of Asia-Pacific economies exceeding one trillion dollars, aligning with regional giants like…
In the heart of Southeast Asia, the Philippines balances the promise of robust economic growth, driven by a youthful and educated workforce, with pressing infrastructure challenges. With an annual expansion rate exceeding 7%, the nation beckons foreign investors to participate in its digital economy, electronics manufacturing, and renewable energy sectors. Yet, an infrastructure deficit of…
