Philippines is now a second world country?

Question

oh? philippines is now a second world country? does it really true?

if its is true.. im verry happy! atleast philippines did its best.

Answer 1

Actually the proper term is Newly Industrialized Country. Philippines is now consider as NIC.

The category of newly industrialized country (NIC) is a socioeconomic classification applied to several countries around the world by political scientists and economists.

NICs are countries whose economies have not yet reached first world status but have, in a macroeconomic sense, outpaced their developing counterparts. Another characterization of NICs is that of nations undergoing rapid economic growth (usually export-oriented). Incipient or ongoing industrialization is an important indicator of a NIC. In many NICs, social upheaval can occur as primarily rural, agricultural populations migrate to the cities, where the growth of manufacturing concerns and factories can draw many thousands of laborers.

NICs usually share some other common features, including:

• Increased social freedoms and civil rights.

• Strong Political Leaders

• A switch from agricultural to industrial economies, especially in the manufacturing sector.

• An increasingly open-market economy, allowing free trade with other nations in the world.

• Large national corporations operating in several continents.

• Strong capital investment from foreign countries.

• Political leadership in their area of influence.

Kudos to all Filipinos.

I came from a poor but hardworking family. But I studied and worked hard, same as my sister and brother. I did that because I want a change. Now I am an engineer, I can afford what I want (but I am practical), I go abroad for vacation, I was able to succeed beyond all trials.   Some people blame others for being poor; it is their excuse for being stubborn. Some are saying they are poor because of corruption but they don’t do anything about it.

STOP blaming others for being poor, start blaming yourself, and ask what you have done and then start working hard to uplift your life.