The facts about Philippines is famous for hill paddy,
which was introduced about 2,000 years ago by a tribe of Batad. Paddy plants are located on the
hill slopes of Ifugao and located at an altitude of 5,000 feet above sea level.
The extent of covering 4,000
square miles and is traditionally cultivated without the use of fertilizers. He was declared a World Heritage
by UNESCO (United Nations Educational, Scientific, and Cultural) in 1995.
In 1998 the Philippine economy, a mixture of
agriculture, light industry, and supporting services; suffered a setback as a
result of the Asian financial crisis and poor weather. Growth fell to 0.6% in 1998 from
5% in 1997, but returned to around 3% in 1999 and 4% in 2000. The government has promised to
continue its economic reforms to help the Philippines setanding with the
development of industrialized countries of East Asia. Large debt ("public
debt" around 77% of GDP), inhibit economic situation improved. Allocation of funds for debt is
higher than for the Department of Education and the military combined.
Strategies undertaken including improving
infrastructure, overhauling the tax system to increase government revenue, as
well as deregulation and privatization of the economy, and increasing trade
integration in the region. Future prospects depend on the
economic performance of the two major trading partners, the United States and
Japan, and the administration is more reliable and consistent government policy.
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