Philippines now Second World!
http://newsinfo.inq7.net/breakingnew...ticle_id=23485
THE Philippines is now a “Second World” or “middle class country,” President Gloria Macapagal-Arroyo declared Wednesday evening.
Speaking at the annual gridiron of the National Press Club at the Manila Hotel, Arroyo boasted of a strong economy and a per capita income she said had hit 1,400 dollars this year.
"The economy is showing strong signs of health, not only because of the stock market or the strong peso, but on the fact that at last our people will be enjoying a per capita income of 1,400 dollars this year," Arroyo said.
"Right now, we're not Third World anymore. At 1,400 dollars we are now Second World, a middle class country, and we'll be able to achieve, if we are able to continue the trajectory of (a) one percent decline in the poverty level, we can reach hopefully the First World status by the year 2020," she said.
“If what has been happening during the early years of our administration, that the poverty level has been going down by one percentage point every year, that means that by 2015, we will be able to reduce our poverty level by one half to what it was in 2000,” she added.
"I'm counting on the press to help people become more hopeful of their future because indeed there is much to be hopeful for," Arroyo said.