MERGED: RP among most restrictive in foreign investments?

[claive21]

---

good points but in practice layo ra.

we cant have any local brands nga mka penetrate sa global market kay to be honest layo ra gyud ang quality...look at germany sila ginagmay ra output sa products in fact daghan didto family owned nga companies. but they are considered china of europe interms of halin sa products, ila products mahal kaayo pero grabi gyud ka taas ang quality,ok ra mo pay og premium ang mamlitay sa ila products kay naka siguro sila nga nindot gyud og worth it.. now dili ni ma hitabo sa pinas kay ato best engineers toa na sa laing nasod nag trabaho...unsay problema gyud? wala ta ka adopt og we always resist change. and besides kinsa man gyud pure pinoy nga negosyante? wala man kaayo kadto raman manga politicians of chinoys. plus usa ta sa pinaka mahal og kuryente, kinsa may ganahan ana sa operations palang nimo na buslot na imo bulsa

[claive21]

Do you agree with the theory that the entry of Krispy Kreme in Cebu will destroy all the opportunities of local entrepreneurs who intend to open sell donuts using the same commercial model that KK and it's rivals Dunkin Donuts and Mr. Donut used?

Those local entrepreneurs could use a lot of help, and this is where protectionism can come in.

if ang local entrepreneurs maka compete sa quality walay problema, but if not ma papas rasad sila, so unahaon sa panindot sa imo quality before mo banga sa dagko

[æRLO]

bsag unsa ang economic model sa Pinas, dapat jud ma-ilis ang mindset sa consumer, foremost. I have no qualms about the Philippine economic model, definite need of consistent enforcement. RP has to open up its economy, with caution. It's best that our economy is competitive enough, considering dghan ug tigers sa atong proximity. Eventually, we will need to open up to the world market, but before that we have to empower our own economy by affecting a change in the mindset of a Filipino consumer.

[peewee_toot]

Check this out!

walay cebu ani?

[gareb]

^^ 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..

what is really revealing is how late the Chinese opened up their economy and became "business friendly" but strengthened their own brands before doing so, most of which are state-controlled or -supported/subsidized.

this is an irritant to mainstream economists who insist on the state's "hands-off" policy regarding markets. but then again, China is successful in what it does and you cannot argue with success.

Interbrand: BEST CHINA BRANDS 2011
Forbes: Chinese Brands: When Will They Succeed?
Why Americans do not know much about Chinese brands

[trollaccount]

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.

How can these be points to consider when so much of it is BS?

-Said with a lot of due respect

[gareb]

How can these be points to consider when so much of it is BS?

-Said with a lot of due respect

prove that it's bs. share your thoughts.

[Nelson28]

grabe na kaayo inyong discussion dah....profound na kaayo..pero very interesting.

[Eve's Apple Project]

I hope istorya can help the local businessmen. We are growing in numbers, so maybe istorya can tap with the local business to help promote them. This could be a good venture for both the site & the local businessmen. Once a business will be accredited ( meaning, they will be evaluated, business practice checks, etc), then a sticker will be placed in their establishment & they will be in a list of local businesses that we the members can support. Or maybe istorya can organize a trade fair? Just an idea though.

[DailyCore]

I hope istorya can help the local businessmen. We are growing in numbers, so maybe istorya can tap with the local business to help promote them. This could be a good venture for both the site & the local businessmen. Once a business will be accredited ( meaning, they will be evaluated, business practice checks, etc), then a sticker will be placed in their establishment & they will be in a list of local businesses that we the members can support. Or maybe istorya can organize a trade fair? Just an idea though.

That would be great!

At the same time, the local community should try to talk to organizer Yabang Pinoy to bring their Global Pinoy Bazaar to Cebu.