Particularly critical to poverty alleviation and inclusive growth is the modernization of the agricultural sector where most of the poor Filipinos are engaged in. According to the 2013 World Bank report, increasing agricultural productivity and income through easy access to technology, credit and markets will ensure lower prices for food which comprised nearly half of the total expenditure of families in both urban and rural areas. Bringing down the prices of food will increase the real income and purchasing power of the ordinary Filipino families. This will also make the Philippines competitive and attractive to foreign investments, which is key in achieving growth and development.
Posted on: Thu, 21 Aug 2014 05:18:27 +0000
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