can anyone here share the idea , why phil. is very poor ...during '70' s vietnam much far behind from us..

Answer 1

If you want more economically correct answer, in economy we use Cobb-Douglas formula for growth. Where we define growth of economy depends on two factors efficiency and capital to labor ratio. When we bombed the living hell out of the Vietnam we essentially destroyed all of their capital, and no one seemed to invest in Vietnam(for some reason). So there production per worker shifted all the way down. In other words, imagine is is easier to dig a whole with your bare hands(no capital), or an excavator(lots of capital)? However, now they have many investors, many even from the US. As for Phil a corrupt government is to blame, since it did not allow a competitive marketplace to control economy, but rather their friends and supporters.

Answer 2

In the 1970's Vietnam was recovering form 30 yeas of war and their economy was in shambles. Once peace came you would expect rapid growth so it is not a good comparisons. The Philippines are not that dissimilar tho other countries in the region. Since the measure of poor is GDP per person the high birth rate makes gaining ground more difficult.