The Middle Class in the Philippines

A decade of rapid economic growth has supported upward mobility and the expansion of the middle class in the Philippines. While the Philippines’ record of economic growth has been sound, many East Asian countries have performed better, resulting in higher levels of economic mobility and more rapid middle-class expansion. This study aims to inform these efforts through an in-depth examination of varying factors that affect upward mobility and middle-class expansion in the Philippines.

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Bibliographic Details
Main Author: World Bank
Format: Report biblioteca
Language:English
Published: World Bank, Washington, DC 2020-06-19
Subjects:UPWARD MOBILITY, ACCESS TO FINANCE, EDUCATION QUALITY, ACCESS TO EDUCATION, JOB QUALITY, LABOR FORCE PARTICIPATION, MIDDLE CLASS, LABOR MARKET, GENDER, INTERGENERATIONAL MOBILITY, YOUTH UNEMPLOYMENT, LABOR SKILLS, DEINDUSTRIALIZATION, MIGRATION,
Online Access:http://documents.worldbank.org/curated/en/557901593691283617/The-Middle-Class-in-the-Philippines-An-Exploration-of-the-Conditions-for-Upward-Mobility
https://hdl.handle.net/10986/34099
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Summary:A decade of rapid economic growth has supported upward mobility and the expansion of the middle class in the Philippines. While the Philippines’ record of economic growth has been sound, many East Asian countries have performed better, resulting in higher levels of economic mobility and more rapid middle-class expansion. This study aims to inform these efforts through an in-depth examination of varying factors that affect upward mobility and middle-class expansion in the Philippines.