The Philippines

The Philippines is the worlds 12th most populated country with a population close to 90 million people composed of 7,000 islands in the Pacific Ocean. The Philippines is known officially as the Republic of the Phillipines which is located in South Asia, and its capitial city is Manila. The Philippines was a Spanish colony in the 16th century, and later became a U.S. colony after the Spanish American war and the Philippine-American war. The Philippines is composed of many cultures from Spain, United States, and Latin America. They had many trade and cultural relations with many countries such as India and China. Two countries that are dominant throughout the world. The beginnings of colonization began when King Phiilip II ordered an expedition. Later an explorer from Mexico soon arrived in 1565 and began to form what was then the first Spanish settlements and established Manila as the capital of this new Spanish Colony. After the colonization of Philippines the country had seen great improvements throughout the country. There economy was developing at a fast pace there GDP was rising each year and was projected to continue to rise as each year passed. By 2004 the country experienced a 6% growth after the Asian Finacial Crisis. Although the economy was growing very rapidly there was still many problems the economy was suffering from. Income inequality was a factor in the country. Many people were living on $2 a day. The development was uneven through out the country, the only cities that were growing and producing econimically was the capital city and Luzon. So even though after their colonization from Spain the Philippines started off in a positive direction but continue to face economic problems. Hopefully the country will be able to improve their economic state and become a more stable country in the future.