Philippines raising level from Third World?

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Will Filipino's happy with this news? The President of the Philippines just announced the boost on economy and per capita income of the country to 1, 400 dollar this year 2006.
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November 14, 2006 (Press Release) -- Will Filipino's happy with this news? The President of the Philippines just announced the boost on economy and per capita income of the country to 1, 400 dollar this year 2006. That based on the mapping this could also be considered to going into the second world or shall we say a "middle class country".

She stressed primarily the Peso to Dollar exchange being stronger than before. Also stressed out goal to achieve the top class level by 2020. Sounds realistic? This can be achieved with the help on its own government and its people.

Considering the fast pace on other aspect on the government and contributing sector, this achievement can still be raised by the government and eventually reached the desired goal and look into the future of well-developed country. Being in the Third World or countries that belongs to the minority groups of countries, life is somehow to be difficult with those high commodity prices and others.

A future economic growth can be projected on the next coming years if the government can work out into the system with the primary objective of growth.


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