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Transcript of Economics Presentation
- Australia Developing country:
- Philippines UN EMPLOYMENT 6.9% PHP 2012 5.1% AUS 2012 AUSTRALIA PHILIPPINES EMPLOYED IN SERVICES SECTOR EDUCATION 5% 2012 AUS 2.1 2012 PHP % UN STANDARD HEALTH WELFARE S CIAL PHP: 2.69% of government budget AUS: PHP: RESPONSE TO GFC BOTH: Injecton of money into economy to increase consumer spending Government expenditure: 5.9% AUS 2012 3.8% PHP 2012 HUMAN
INDEX HEALTH EDUCATION STANDARD OF LIVING AUS PHP 81.9
years LIFE EXPECTANCY AUS PHP LITERACY RATE 99% 92.5% PHP's average income:
US$ 4300 AUS's average income:
US$ 42 400 Both are most vulnerable to the impacts of Climate Change. Current issues faced by both: soil erosion
coral reef degradation 85% 52% free and compulsory K - 12 education
in BOTH Well-established system
Is becoming less relevant due to compulsory superannuation Greater need for social welfare is arising An age pension supports the elderly AUSTRALIA PHILIPPINES AUS: PHP: injected $53 billion into the economy
emerged from GFC fairly strongly not as effective due to high spatial diversity
severely affected but managed to avoid a recession only 86% of population is enrolled in PhilHealth Medicare is the public healthcare system AUSTRALIA PHILIPPINES Medicare and PhilHealth both aim to be universal BOTH AUS 2nd in the world 112th in the world PHP 0.93 AUS Higher quality, universal
Diseases aren’t widespread High-class to non-existent
Shortage of physicians and beds
Major infectious diseases prevalent PHP Low-income families unable to afford education beyond elementary
Poor student performance result of:
Low wages Education HDI: 0.993
Tied first with Denmark and Finland
Education very high quality AUSTRALIA PHILIPPINES Overpopulation has been cause for high destitution Maximisation of utility to greater extent Disability supprt well-established funded by Fed. government 40% of 1700 hospitals are government owned PHILIPPINES AUSTRALIA US$ 1, 542.1 billion US$ 240.7 billion 2012 2012 12th largest in the world 4th largest in the Asian economic region 32nd largest in the world 10th largest in the Asian economic region PHP 2006-2012 3.9% 1.9% AUS 2006-2012