Prosperity measured in averages must be felt at home

The Philippines’ recent reclassification as an upper-middle-income economy has been hailed as a milestone of progress. After reading my article, Uriel Galace makes the case convincingly: Household access to electricity has surged from 23% in the 1970s to 95% today, clean water availability has risen from 51% to 98%, and access to sanitation facilities has increased from 23% to 95%. Ownership of refrigerators and televisions, once considered luxuries, has become commonplace. Education has expanded, with the average number of years of schooling rising from 5.6 to 9.4, while mortality among children younger than 5 has fallen from 82 deaths per […]... Keep on reading: Prosperity measured in averages must be felt at home