To get back to the book (I really can't remember using it!), I'm just scanning it now. Oh oh, it seems I am wrong again. It's supposed to be for third year high school. I got the wrong memory associated with the book. Well, if it is for 3rd year, well, what stood out were the tsoknut and belekoy my Economics teacher used as examples to demonstrate Law of Supply and Demand and virtually all principles in economics we tackled. I did not know what tsoknut and belekoy was having grown up in Iligan City, I was very curious what were they. At the end of the school, Ms Negre brought tsoknut and belekoy for the whole class (four sections in all). That is why, I cannot eat tsoknut without remembering Ms. Negre and the Law of Supply and Demand.
I am disgressing from my topic again. Well to get back again to the book, it was published in 1987. Some points I can glean from the book:
- Back in 1987, the world population is at 5 billion of which 3.75 billion are considered poor. A person is considered absolutely poor if his income is below the poverty line. "Poverty line" seems to be the byword in the 80's. I heard it a lot in high school especially when the state of the nation's economy is being discussed. Lately, I haven't "poverty line" though I know for sure a majority of Filipinos live below poverty line.
- In terms of classification of countries, poor countries were called "backward", then became underdeveloped to less developed vs more developed. A more diplomatic term became popular, calling them "developing countries." Now it is Third World, to stress their political nonalignment in contrast to First World (North Atlantic countries) and the Second World (socialist countries of Eastern Europe).
- The GNP Per Capita (in US dollars) of the Philippines for 1984 is 660, ranking #46 and classified as lower-middle income. The US ranker #119, with 15,390 dollars GNP per capita. What a contrast! I wonder where we are now.
- What are common characteristics of developing countries? Low levels of living, low levels of productivity, high and rising levels of unemployment and underemployment, and dependence of on agriculture and on primary products as sources of foreign exchange. These days, we are not dependent only on agriculture, we also export people to get that much needed dollars.
- The distribution of income among Filipino families is lopsided in favor of the rich. The richest ten percent of our families owned or produced 37 % of our total income, while 80% of our families shared among themselves only 47.5% of the nation's income in 1985. Did these figures after all the Edsas we went through?
- In 1985, our povert line was P2,382.00. About 5,676,600 families or 59.3% of all families lived below the poverty line in 1985.
These all seems so alien now. I haven't really thought about the Philippines in economic terms. Life has been filled with sciences - teaching genetics and molecular biology and lately, my research on rice diseases. I sometimes stop and think if my science is relevant to Philippine economy. I do hope so.