Reyes, Celia M. - 2001 - (revised)
Poverty incidence has been declining in the Philippines over the past 10 years. However, with the advent of the Asian … crisis in 1997, there was a reversal in poverty trends. Estimates indicate that the headcount index has gone up to 40 percent … in 1998 from 31.8 percent in 1997. Other nonincome-based measures of poverty also suggest deterioration in the welfare …
