Yes, I agree with this statement. I do believe that Philippines is rich in resources such as see food, copper, timber, nickel, petroleum, silver, gold, cobalt, and salt but the country has a high poverty rate because of low to moderate economic growth for the past 40 years; low growth elasticity of poverty reduction; ... recurrent shocks and exposure to risks such as economic crisis, conflicts, natural disasters,and "environmental poverty."
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Answer:
My personal opinion:
Yes, I agree with this statement. I do believe that Philippines is rich in resources such as see food, copper, timber, nickel, petroleum, silver, gold, cobalt, and salt but the country has a high poverty rate because of low to moderate economic growth for the past 40 years; low growth elasticity of poverty reduction; ... recurrent shocks and exposure to risks such as economic crisis, conflicts, natural disasters,and "environmental poverty."