Weak economic performance over past decades has left Mindanao with much less economic density than the rest of the Philippines (figure 1). Robust economic activities concentrate in only five cities: General Santos, Cagayan de Oro, Iligan, Davao, and Zamboanga, with 2000–2006 growth rates ranging from 2.4 percent (Zamboanga City) to 5.4 percent (General Santos). Mindanao’s other cities and municipalities grew less than 1.5 percent, about three-quarters of them having zero or negative growth. Such low density results in wide income disparities among the various regions in Mindanao, impeding further economic growth. Many families at the bottom rung of the income ladder in lagging areas lack the ability to generate savings and finance any accumulation of human and physical capital, causing a transmission of poverty across generations.
|Source Institution||World Bank|
|Place of Publication||Pasig City|
|Original Publication Date||May 1, 2010|