Fifty years ago, the Philippines was the most highly developed Southeast Asian country and was considered to have a very bright economic future. However, by the 1980s and 1990s the Philippines' economy took a sharp downturn. Please explain the factors that contributed to this nation's economic change.

Question

Quizplus · Accepted Answer

The Answer of Fifty years ago, the Philippines was the most highly developed Southeast Asian country and was considered to have a very bright economic future. However, by the 1980s and 1990s the Philippines' economy took a sharp downturn. Please explain the factors that contributed to this nation's economic change.

Fifty Years Ago, the Philippines Was the Most Highly Developed