1. Poverty and income inequality:
The Philippines has struggled with high levels of poverty and income inequality, which can hinder economic growth and development.
2. Corruption and political instability: Corruption has been a long-standing problem in the Philippines, and political instability can make it difficult to implement long-term development plans.
3. Inadequate infrastructure:
The Philippines has faced challenges with inadequate infrastructure, including poor roads, airports, and public transportation systems, which can make it difficult to attract investment and improve economic productivity.
4. Natural disasters and climate change: The Philippines is located in a region prone to natural disasters, including typhoons, earthquakes, and volcanic eruptions. The country has also been impacted by climate change, which can disrupt agriculture and cause economic and social instability.
5. Education and skills development:
The Philippines has faced challenges in providing quality education and skills development to its population, which can limit opportunities for economic growth and social mobility.