MERGED: RP among most restrictive in foreign investments?

[amingb]

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Open Economy nata karon ... deli nata panahum pa ni Rizal ug Bonifacio ... ug dili ka mo adopt sa economic trend karon mao ni resulta nag lisod ang Pilipinas ....

Dili ang Corruption maoy naka lisod nato but ang atong systema ....tanan nasod naa corruption ug instinct na sa tawo nga kawatan ... pero ug nindot ang systema ma minimize ang corruption ...

[Eve's Apple Project]

In the event that Cebu revokes the business licenses of Shakey's, Pizza Hut, Yellow Cab and S&R and locks them out permanently, can you live on pizzas served only by Alberto's Pizza and Da Vinci Pizza or other Cebu-based pizza makers?

Laws written with protectionism or buy-local-only in mind can be made but that would deprive people of choice. What would the WTO think of Cebu?

The other flaw of protectionism is that local businesses may no longer care about improving the quality of their products and services. In fact, there are hardly any improvements being made in today's global competitive business environment.

^^ Buying Local doesn't really spell out protectionism bai. the americans still buys honda,toyota But they will always scream FORD whenever they can. it's not protectionism , but we can call it patriotism. Our neighbor Malaysia is already doing that. they give less tax to NAZA (Proton,Perdua,ETC) compared to KIA (eventhough NAZA is just a repackage of a KIA car). this gives chance to the local businessmen to do business in their own country.Can you imagine having all the major brands in the phils except our local brand? that is also the flaw of being too open. it has to be balanced, 60% local & 40% international isn't really bad.

now, how bout we talk about Oil, do we have Local Names? can local players compete? Phoenix, Flying V are struggling & no support from the government i believe. Government is too much invested with the big 3.

[DailyCore]

Check this out!

[benjiqui]

Open Economy nata karon ... deli nata panahum pa ni Rizal ug Bonifacio ... ug dili ka mo adopt sa economic trend karon mao ni resulta nag lisod ang Pilipinas ....

Dili ang Corruption maoy naka lisod nato but ang atong systema ....tanan nasod naa corruption ug instinct na sa tawo nga kawatan ... pero ug nindot ang systema ma minimize ang corruption ...

.... bai... its the other way around.... bisag unsa ka nindot sa systema,
basta na ay corruption.. wa gyuy ayo.... yes... bisag asa nga nasud.... na a
gyud nang corruption... pero grabe na gyud ning Pilipinas.... sugod sa pinaka ubos, all the way up.... think of it... bisag mokuha lang ug business
permit... lisod-lisoron pa gyud... kuha ko ug tax clearance sa City Hall,
unta sayon ra kaayo... pabalikon pa gyud ka inig ka ugma... pero ug imong
e under the table ang 5 pesos.... kuha dayon... ngano man ni ? bi tubaga ninyo..... thanks

[amingb]

.... bai... its the other way around.... bisag unsa ka nindot sa systema,
basta na ay corruption.. wa gyuy ayo.... yes... bisag asa nga nasud.... na a
gyud nang corruption... pero grabe na gyud ning Pilipinas.... sugod sa pinaka ubos, all the way up.... think of it... bisag mokuha lang ug business
permit... lisod-lisoron pa gyud... kuha ko ug tax clearance sa City Hall,
unta sayon ra kaayo... pabalikon pa gyud ka inig ka ugma... pero ug imong
e under the table ang 5 pesos.... kuha dayon... ngano man ni ? bi tubaga ninyo..... thanks

mao na gi ingon nga systema nga bati palpak ... usabon ang systema aron dili na maka kurakot ... sa tuwid na daan ni pnoy maau raman nas Mouth kutob way kausaban mahitabo ug mao lang gihapon systema gipadagan ....

[Eve's Apple Project]

Check this out!

this is good bai..& that is what we should be doing. but if we don't educate the consumers & the gov't does not back this organisation, then this will just be another advertisement. WE the consumer has the power. in china, people still buy Local brands over the International brands (except those few western influenced young people). Example their shoes, Nike,addidas, cons, etc.. they fight with 360, peak, Li Ning (local brands). go around & you'll spot people wearing local more than the imported brands. Why is that? well, taas na kaayo isulti diri..hehe they there you go, being able hone our own breeds of businessmen will give us a sense of pride sad. ask an OFW in Dubai unsa ilang hunahuna about Chowking being in dubai? or Pinoys in Hong Kong/Vietnam eating at Jolibee. you can't go global without starting in your own backyard dba? SO how do you beat the Big international players in your country if the your own government wont help you? if i am as filthy rch as manny pacqiao then maybe i can?! hahaha

[elderweiss]

subscribed!.. nice thread..

[gareb]

points to consider:

1.) it is short-sighted to compare the Philippines to Hong Kong when it comes to "protectionism" or the lack thereof as the development of both countries are at almost all aspects different.

Hong Kong (same with Singapore) was a British outpost without any natural resources whatsoever. for it to truly develop, it has to open itself up and position itself as a commercial hub in the region as it cannot offer anything else. this required it to be "business-friendly" so that major trans-nationals and multi-national corporations (TNC's and MNC's) can put up business headquarters there. doing so did not cause so much environmental damage (other than erecting skyscrapers) or any major humanitarian crisis to their countries.

the Philippine sitaution is different as are we rich in natural resources. even during colonial times, it was not the indigenous population that benefited from these but the occupying foreigners. subsequent administrations after independence has been achieve only wanted to correct this anomaly.

yet still, this has not been fully achieved as laws that are being passed such as the Mining Act of 1995 still tilt the favor towards multinationals controlling these resources.

2.) other Asian countries labelled "more business friendly" did not achieve the kind of economic development that they have right now because of foreign investments and foreign capital.

Japan, Taiwan, Malaysia , Korea and Thailand did not become the "tiger cubs" of the Asian market because the opened themselves up to foreign capital. they first nurtured and strengthened their industries and protected it from ruinous "free trade".

Only then when they felt that they can enter the global markets in a position of strength did they open up their respective markets and competed. this is the reason why we are able to benefit from brands such as Samsung and Hyundai from Korea, and Toyota and Mitsubishi from Japan.

3.) the problem is not too much protection, but too little.

with little incentives and protection for its development of a Filipino brand, it is not surprising that we have not established a brand that is known worldwide. as a new-comer, we will always be entering the world market at a position of weakness as our brands do not have the same level of protection that its competitors had when it first came into the global arena.

this is not to say that Philippine brands will not succeed. but it would be hard for it to gain some ground especially of there are already established giants getting a lion's share of the market.

4.) being "business friendly" has an adverse effect that is worst felt by the labor sector.

policies such as "contractualization" and artificially low wages to entice more foreign business diminishes the labor sector's ability to sustain itself especially if inflation is constantly moving up. this means that the purchasing power of the labor sector, and all other Filipinos that are dependent on it goes down.

this means that there can be more jobs, but the living conditions are more or less just the same. what's worse, these jobs are often times not permanent.

5.) the double standards that they have when it comes to defining the term "protectionism".

kindly check my previous posts on page 2 of this thread on how this double standard is being used to convince us that "protectionism" should be rejected.

[Eve's Apple Project]

^^ nice points.. I totally agree with most of the points but not really with #4 ( or i just want to add something). We all know china's story. We have never heard of a chinese brand of electronics, cars, clothes..etc years ago, then all of a sudden they are here. Changhong, midea (for home appliance) byd, faw,chery (automotive). It just took them 20 years to do it. So i think we can do it too. If only our government with also support. I once heard Pnoy said that we should develop our our car brand..i guess it was just lip service..

[kidynamite]

for me sakto man ato balaod. Ila lng g protektaan atng nasd kay gamay raman gud atong land mass. For example, si bill gates naka decide paliton nya tibouk cebu. Iya offeran kada naay tag iya ug yuta ug tag 5mil dollars. Nya asa naman ta ipang butang mga cebuanos? Ipalit nlng nato ug tagsa-tagsa ug barko ang 5mil nya ngadto nlng ta puyo kay papahawaon man jud ta ni bill gates sa cebu dba? I think much better kung gaan nlng ang mga foreign investors ug special benefits, as long as maka hatag cla trabaho sa mga taw. Usa sd sa dili nla ganahan dri kay daghan au mga politiko manghingi before mo pirma ug documents.