Unequal economic growth
The Philippines is one of the fastest growing countries in Asia, but unfortunately economic growth (and the accompanying development opportunities) is not shared by all Filipinos.
As the Philippines transitions from an agricultural to an industrial economy, access to capital may be available for those participating in the new service and manufacturing sectors. However, 66% of the country is unbanked, meaning they lack access to banks, financial services that banks provide and the opportunities that access to capital creates.
This leads to a stark contrast in the quality of life between Filipinos in the countryside, where the poverty rate is close to 36%, and those in urban areas with jobs in the services and manufacturing sectors.