Given the prevailing semi-colonial, semi-feudal, pre-industrial and backward agrarian economy, the Philippines has for a long time been Asia’s socio-economic laggard.
Sa namamayaning malakolonyal, malapyudal, pre-industriyal at atrasadong agraryong ekonomya, malaon nang kulelat ang Pilipinas sa soyo-ekonomikong usapin sa Asia.