In the last four years, the Philippines has been hit by an alarming spike in furniture shortages.
The country is home to some of the world’s largest and most diverse handicraft communities, ranging from the luxury furniture makers to the craftsmen who make it.
But now, amid a nationwide shortage of nearly 600,000 chairs, some experts are warning of a looming crisis.
In some cases, the problem is exacerbated by the government’s failure to fully implement an economic development plan for the country.
This article contains material from the World Bank’s “Aging Economy: An Inside Look,” a publication that highlights the latest research on the aging economy, its challenges, and its potential for solutions.