The Philippine Economy

[great184]

Originally Posted by 3D-CAD

rich natural resources + rich human resources + poor governance = poor country

Let me add rich natural resources + rich human resources + [(poor governance x corruption, national diaspora and cultural ineptness)/ several orders of magnitude] + 20 to 40 years = rich country

[Porknight]

Originally Posted by bitoy

What I was trying to say was, during those days, mura pa ang mga tuition. Yung kargador sa Divisoria was able to send his 8 kids to college, 2 yung iskolar ng bayan, yung asawa niya tumatangap ng labada at pamalantsa. Nasa abilidad lang talaga ang ikahihirap at ikayayaman ng tao. Now, they are slowly immigrating to Australia.
At meron kaming pinapagaral na pamangkin sa USTe, around 35-40K/sem ang tuition niya.

Yeah I know but its really expensive anyway. Of course I know that some schools like AIM is even more expensive !

Originally Posted by bitoy

You mean Hongkong?

No Tibet , was invaded by the Brits at the beginning of the 20th century!

[Porknight]

Originally Posted by bitoy

Well, you made that an issue when you mentioned "you'll still see cows in the street". What's wrong with their cow on their streets?


Easy ka lang... discussion lang ito...

They fart a lot a major cause of the global warming ! Actually I fart a lot too and very loud , but atleast I do it in the decency of my bathroom !

[Danny Chua]

Originally Posted by Porknight

I might understand and accept it , if our annual growth is something like 11% a year , but with a disappointing 5% , and all those projects going so slow, taking ages to be completed and many of them not even world class. I just can't accept all this !

I guess it's because here they only 'skim off the top' whereas back home only scraps are left to become the actual budget for the project.

Of course in farther and remoter areas (where "the sky is high and the emperor is far away...") the situation worsens to something like our case too. Witness the 'tofu' buildings that collaped in the most recent earthquake...

[jvl]

^Well, the topic was brought about because it was stated that GB has huge presence but there are no direct flights to and from there. I guess to really flourish as trading partners, these 2 countries (GB and RP) should have better travel facilities between them.

[TambayBlues]

Sana nga maka recover ang US sayang din kasi prospective FilAm real estate buyers who plan to invest in Pinas who might lose their source of income IF EVER the worse does come to pass.

[Lord_Cedric]

Poor na poor ang Pinas! Dahil na rin sa mismanagement...

[TambayBlues]

Originally Posted by portludlow

there has always been speculation of the collapse of the US economy beginning in the 1970's with the oil crisis, the 1980's rust belt, japannese juggernaut, and S&L crisis, the 90's real estate collapse and long term captal bankruptcy, early 2000 internet bubble, but so far their country was resilient enough to withstand those crisis.

The collapse of bear stearns, indymac, countrywide and near collapse of freddie mac and fannie mae this year I thought were the final nail in the coffin, but if you look at trading the last two weeks it seems like the table has turned with the dollar rallying and commodities bubble bursting which will help them stabilized their financials. these goes on to show that the de-coupling of the world economy was a myth and when the going gets tough for the world economy they look at the US for leadeship.

social security and medicare in the US are nearly bankrupt but when you have the dollar as the reserve currency of the world, they will just make the printing of dollars in overdrive. life isnt fair isnt it, but if you are the sole guarantor of world security, i guess they do have that power.

There have been a lot of collapse scenarios in the past and I do agree. But we should not forget that now there is a currency called EURO that is competing with the US Dollar as reserve currency and slowly but surely eating away at the US share of the pie. The Eurozone is also strenghtening militarily and economically. Policy statements by the Chinese and the some Arab nations coupled with the alliance of oil exporting not so US friendly countries like Russia, Iran, Venezuela to peg their economies to a basket of currencies or to accept Euros in trading doesn't bode well for the Dollar over the longterm. Coupled with the fact that baby boomers are starting to retire en masse will only put further strain on the Government's finances and consequently the Dollar's future. Add these to the recent mortgage/banking and oil crisis and you might have the recipe which could be enough to put the US economy to it's knees. Putting the presses to overdrive is the key reason of the Weimar hyperinflation which turned the Deutschmark literally into toilet paper. Over the longterm commodities still have an upside potential what with China, India, Russia etc. voracious newly acquired appetite for resources. I have a feeling that the recent uptick in the markets is but a correction rather than a sustainable longterm trend.

[amigo32]

yes poor ang Pinas, paano laging sa Jollibee/McDo/Shakeys/kfc kumakain, pag bagong sueldo sa Gerry's, ayaw mag cellphone ng less than 20k, taxi kahit walking distance lang
ayun puro utang

[jbkayaker12]

Originally Posted by Porknight

Yeah but this is not what Jesus ask ? Religion is not a menu where you can choose whatever you want .
I think Jesus asked to do good , like mother Theresa did , help people .

Why ? because its easier to get crucified .... this is why ?

People in the Philippines learned through the years under the teachings of the Catholic religion that crucifixion was Jesus way of redeeming mankind, Filipinos learned it is the supreme sacrifice one can make for their sins. Even though the Vatican is against such act many Filipinos still consider it as a way for redemption.

[bartstrife99]

RP seen to move up to top 3rd in world’s competitiveness list
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Bernie Cahiles-Magkilat

The National Competitiveness Council (NCC), a public-private sector task force on Philippine competitiveness, is confident of moving to the top third of the world’s greatest economies given the improving state of the country’s competitiveness.

"We are now moving up to recover our former position in the top third of the world which the country rightfully deserves, " said Ambassador Cesar B. Bautista, co-chairman of the National Competitiveness Council.

"The way forward to recapture the country’s leadership position is quite clear but it is a matter of having the wherewithals to accomplish our strategic programs," Bautista added.

He also acknowledged various development sponsors such as the Millennium Challenge Corporation which have become very supportive "in prioritizing stronger competitiveness to achieve economic growth."

The rankings of the Philippines during these past 14 years were charted by the Institute for Management Development (IMD) through its World Competitiveness Yearbook and by the Asian Institute of Management (AIM) Policy Center.

The period from 1994 to 2008 were considered as three periods. The first six years were generally a period of robustness but the country’s competitiveness weakened considerably in 2000 to a low point of being in the bottom third of the world.

However, the last three years have seen a gradual recovery as a result of the combined efforts of government and private sector which see global competitiveness as a sine qua non for growing the economy to improve social services, upgrade infrastructures and increasing job opportunities.

With the recent improvement of the Philippines’ standing at the 2008 World Competitiveness Rankings, as unveiled by AIM’s Policy Center Executive Director Federico Macaranas, NCC urges for further action to better understand what is facing the global business environment and how the country can make use of the newly-achieved developments.

However, NCC also believes that the challenge "does not merely rely on ratings but also in continuously creating a better environment for business and our people."

"We will be back in the top third of the world in two years time or by the end of 2010," as the battlecry of the National Competitiveness Council states.

Also among NCC’s 2010 targets for development are acquiring additional 30% of new exports and a 3-4% GDP increase in new investments.

[Porknight]

Yeah see this is not church fault if we are so many and poor . If the church its against and every Easter the world laugh and look at us in a funny way because we do such weird things and we still do it after so many years , its not definitely church's fault , is it?

If a couple of poor people is irresponsible enough to make 6 children even if they don't have any money to feed its not church fault .

As I said religion its just an excuse !

[mwg12a]

Well the catholic church oppose contraceptives and instill to it's parishioner's mind that it's a a moral and spiritual sin.The catholic church in the Philippines meddle too much with the state's affair when the state and religion should have been separate. The people believe in what the church say so they won't use contraceptives. Does married couple should stop having sex? And run the risk of affecting their marriage that might end on separation? Sex without looking at the sexual aspect of it is a way to express affection towards one another, without it the bond between a man and the woman would also disappear although admittingly, it does not end there, there are other ways to show affections it just happen that sex is one good way to share these affections so without contraceptions and proper education, the couple would end up having more kids than they intend to do so. It's alot better than abortion when a life is already formed.

[filcan]

how many countries are considered in the top third?

[OtAkAw]

At first glance, I read "Top Three" and I was like WTF?!

[almycha]

If a couple of poor people is irresponsible enough to make 6 children even if they don't have any money to feed its not church fault .

To me this statement is misleading. If a couple of poor people with 6 children and don't have the money to feed their children and the church (whatever religion the couple is involve) told them to go and multiply. Then that church is partly responsible for the future miseries of the children and the whole family.

I can also say that the government will be responsible to that couple with 6 children and can't feed their children if the government don't do anything. Don't do anything means that the government should have a sound population program.

Information and education are needed to those couple with 6 children and can't feed them. Informantion - why it is not necessary to have the 7th child. Education - what to do in order not to have the 7th child.

[filcan]

ya i was thrown off by that too. It would be nice if it happened though

[Porknight]

To almycha & mwg12a

But guys if they don't listen to the church when it comes to some matters why bother to listen to the church when comes to other .

Sex for the church its not even a past time like we would like to think. In fact they are against sex industry (prostitution & pornography).
Something that the government should take advantage of , because we can make a lot of money out of it.

Imagine prostitution legalized a big tourist attraction, like they are doing in Germany. All those prostitutes earning so much without paying any taxes.
I'm so disgusted every time I ask for the receipt they don't give me any.

But if the government its stupid enough to base their program on a book written over 2000 years ago well we are not really that different from the Talibans are we ?

[mwg12a]

How do you know if we listen or not? How do you know that people doesn't really listen? Do you have anything to gauge these? The filipinos religious beliefs blend with the cultural belief and alot of times even the iliterates listen to what a priest would say which was passed on from your parents down to you so what you hear from your parents and other elders is what you carry with you in later life as an adult.

Okay, I am not sure if it's just me but I can't seems to understand most of what you write and your point. I am not sure what it is.. I understand everybody else's....

I also think that I am confusing you over somebody else who is a female because with these comments you made, it sounded like you're a guy. I thought you were a female at first and married to a european.


@Almycha. I agree with what you stated above...

[lazybum]

Originally Posted by TambayBlues

Sana nga maka recover ang US sayang din kasi prospective FilAm real estate buyers who plan to invest in Pinas who might lose their source of income IF EVER the worse does come to pass.

Oh it will pass - just like the bad air I pass every once in a while...oh man, I got to change my diet!