A hundred and ninety-six countries, 25 of which are rich - the rest are poor.
The Philippines is one of the emerging markets and is the sixth richest in Southeast Asia by GDP per capita values, after the regional countries of Singapore, Brunei, Malaysia, Thailand and Indonesia.
But, poverty in the country has always remained a critical social problem that calls to be addressed, where 21.6% of the current population lives below the poverty line.
A YouTube video from the School of Life channel lays down the reasons why the poor countries stay poor and the rich countries rich.
WATCH THE VIDEO BELOW
WHAT DO YOU THINK OF THIS POST?
Share your ideas by commenting.