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Philippines: Countries
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The Philippines is a newly industrialized country. It began to boom rapidly in the late 1950's to late 1960's. Philippines became an immense floating factory together with Japan but then dramatically fell in the early 1970's due to mismanagement and corrupt practices of the Marcos regime and martial law. Perceptions of political instability during the Aquino administration further dampened economic activity. It has ... been listed in "Next Eleven" economies. The Philippines has one of the most vibrant business process outsourcing (BPO) industries in Asia, including Fortune 500 companies.[22]
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The Philippines is in the Pacific Ring of Fire (zone of frequent earthquakes and volcanic eruptions). Most of the mountainous islands had a lot of tropical rainforests a long time ago. They started as volcanoes. The highest place is Mount Apo on Mindanao at 2,954 m. Many volcanoes in the country, for example Mount Mayon, are active. The country ... has about 19 typhoons per year.
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The Philippines has extensive deposits of valuable metallic and mineral ores, including copper, gold, silver, chromium, lead, and nickel. Copper is the country’s leading mineral product. In 2004 the Philippines produced 6,000 metric tons of copper. The mining industry grew rapidly in the 1970s in response to government initiatives. In the mid-1980s... output in the metallic sector entered an overall decline as world prices for metals weakened. The nonmetallic sector, meanwhile, was stimulated by a rising domestic demand for coal.
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The Philippines, due to its geography, has problems linking all of its larger islands together into one grid and ensuring availability of electric power in rural areas. The government has set a target date of 2006 for full electrification, and ... is taking steps to link together the country's three major power grids (Luzon, Visayas, and Mindanao). Where it is not economical to link small islands' grids into the national grid, separate local systems are being established around small generating plants.
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In 1935, under the terms of the Tydings-McDuffie Act, the Philippines became a self-governing commonwealth. Manuel Quezon was elected president of the new government, which was designed to prepare the country for independence after a 10-year transition period. World War II intervened... and in May 1942, Corregidor, the last American/Filipino stronghold, fell. U.S. forces in the Philippines surrendered to the Japanese, placing the islands under Japanese control. During the occupation, thousands of Filipinos fought a running guerilla campaign against Japanese forces.
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In 1935 the Philippines became a self-governing commonwealth. Manuel QUEZON was elected president and was tasked with preparing the country for independence after a 10-year transition. In 1942 the islands fell under Japanese occupation during WWII, and US forces and Filipinos fought together during 1944-45 to regain control. On 4 July 1946 the Republic of the Philippines attained its independence. The 20-year rule of Ferdinand MARCOS ended in 1986, when a "people power" movement in Manila ("EDSA 1") forced him into exile and installed Corazon AQUINO as president. Her presidency was hampered by several coup attempts, which prevented a return to full political stability and economic development.
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