MERGED: RP among most restrictive in foreign investments?

[amingb]

this mentality is a problem that we have. we see the Filipino-Chinese as successful in their business ventures and we want to exclude them in any grant nationwide economic plans, seeing them as the "enemy".

what we have to understand that the Filipino-Chinese community has greatly contributed to the economic development, albeit this being unbalanced. with their capital, they have launched companies that provided us with products that we consume at our convenience today.

yes, the Filipino-Chinese is a dominant economic force today. and yes, their clique is quite exclusive. this exclusivity is done for practical reasons. Trust from kinship and affinity is as big form them as it is for us.

but our economic problems and us findings solutions should transcend that as our fates are intertwined. if we go down, they go down as well, as we are the consumers for their products/services.

the first step is to have a definite list of problems that we face on both business (especially agriculture) and labor sectors. address these problems one by one (lack of capital, business environment, CARP, low wages, job security and tenure, etc.) and we are on our way up.

Para sa akoa bay they are the Real Enemy coz they are the One who monopolized everything ... yes they are filipinos is paper but their Heart is in China ... look at the taipans they even expand their businesses outside of the country ...

The problem you address above can be solve only by Changing The Protectionist Provision of the Constitution ( which only benefits the chinese-filipinos, the ayalas and the Aboitiz ).

[gareb]

Para sa akoa bay they are the Real Enemy coz they are the One who monopolized everything ... yes they are filipinos is paper but their Heart is in China ... look at the taipans they even expand their businesses outside of the country ...

The problem you address above can be solve only by Changing The Protectionist Provision of the Constitution ( which only benefits the chinese-filipinos, the ayalas and the Aboitiz ).

to understand the problem better, i suggest you see the Philippine society not just in terms of discrete classes and their interests, but also as a society taking part in the global economic arena. this is after all the point underlined by this topic.

you are quite right with the monopoly/oligopoly that is happening where-in Filipino taipans seem to control the economy. but this picture is quite limited as the taipans are but just a faction of that class. there are the Spanish mestizo landlords, the Filipino warlord/politicians, and every other permutation among this class.

to quote my previous post on the matter:

4.) as for the matter of local oligarchs (Lucio Tan, Henry Sy, etc.) they hardly figure in the equation. they most definitely will be hurt if foreign capital would have its way, but the gains for hurting them will not come to the common people but to those who control foreign capital.

if you think it is bad now with them controlling vast resources as they do, it would just go worse if you hand our resources over to others.

the answer is not to hand over our resources to foreign capital but for genuine national industrialization. instead of disregarding these provisions, the government needs to even focus on it and take an active part in supporting agriculture through genuine agrarian reform, as stated on the constitution itself.

this being said, the benefits of opening up the economy so that the local oligarchs can compete with foreign capital outweighs the damage that this will cause to the economy. national industrialization means that the economy will be supported and sponsored by a government accountable to its people so that capital can be controlled not by private interest, but by the public.

[amingb]

to understand the problem better, i suggest you see the Philippine society not just in terms of discrete classes and their interests, but also as a society taking part in the global economic arena. this is after all the point underlined by this topic.

you are quite right with the monopoly/oligopoly that is happening where-in Filipino taipans seem to control the economy. but this picture is quite limited as the taipans are but just a faction of that class. there are the Spanish mestizo landlords, the Filipino warlord/politicians, and every other permutation among this class.

to quote my previous post on the matter:

Regarding sa imo prev post i think there is a provision in the Mining Law that protects or safeguards in utilization and development sa atong miniral resources ... and i think there is no problem for that ...

Well kana sila nga Class is 10% of the Population .. that coz the problem ... if we can maximize that to 50% of the Sociey much better ... but unsaon ...

Para nako wagtangon ang Monopoly by attracting foreign investor through charter change particulary economic provision ...

If we talk of industrialization which we dont have the capability the options for now is the transfer of technology ... Even sa atoang Agricultural sector need technology which we dont have ...

[gareb]

Regarding sa imo prev post i think there is a provision in the Mining Law that protects or safeguards in utilization and development sa atong miniral resources ... and i think there is no problem for that ...

if you read the provisions of the Mining Act of 1995, you will see that any provisions supposedly protecting our interested is rendered useless by other provisions establishing who "controls" the profit and who gets to take care of a devastated landscape if contracts are not finished. i have already posted something like this on the mining thread. kindly refer to and and take some time to read the articles on the links.

Well kana sila nga Class is 10% of the Population .. that coz the problem ... if we can maximize that to 50% of the Sociey much better ... but unsaon ...

this is essentially the long term goal. however there are no "one-step procedures" to do this. what we can do, however, is to develop and support our economy, especially in this time where small economic movements worldwide can devastate societies.

Para nako wagtangon ang Monopoly by attracting foreign investor through charter change particulary economic provision ...

If we talk of industrialization which we dont have the capability the options for now is the transfer of technology ... Even sa atoang Agricultural sector need technology which we dont have ...

there are a number of problems with this kind of idea on dismantling monopolies though use of market forces and competition as the sole aim of competition is to eliminate its competitor, establishing itself as a sole player. putting us back to where we started. following through with your idea, now our economy will no longer be under the monopoly of local oligarchs, but under transnational companies that we don't have any control over.

a solution is to nationalize key industries and put it under public accountability. this runs counter to the 'trade liberalization' policies that this and present governments have been slowly instituting as pressured by the World Bank and the IMF. putting it under public accountability means that we have control over our economic future and not just be slaves to unstable market forces.

when it comes to the technology for our agricultural sector, we already have it. the International Rice Research Institute has been working on it for decades now. the problem is that because agriculture has been a low priority for a few administrations now (who instead focused on urban industries) this technology has always been out of reach to the common farmer. this would have been a good start for them to acquire capital and even more advanced farming technologies for better yield.

[gareb]

vindication:

'Liberalization killed PH manufacturing sector'
By Ma. Elisa P. Osorio, The Philippine Star

MANILA, Philippines - The move of Philippine negotiators to open the domestic market rapidly has killed local manufacturers, a senior member of the Senate said.

“We (the Philippines ) were fascinated with liberalization and the WTO that we opened the country too fast, ahead of China and India ,” Sen. Manuel Villar said. “Now we want to level the playing field, but there are no more players. They (local manufacturers) are all dead,” he added.

He noted that Philippine trade negotiators at the World Trade Organization (WTO) bungled in the job and betrayed the interest of local industries.

According to Villar, the interest of the Filipino manufacturers have been left out and waylaid in the rush towards globalization that there are now only a few of them standing. Villar made this statement during the Senate hearing on the proposed creation of a Philippine Trade Representative Office which was attended by Fair Trade Alliance, private sector, and line agencies.

(click on the link above for full story)

[amingb]

vindication:

'Liberalization killed PH manufacturing sector'
By Ma. Elisa P. Osorio, The Philippine Star

MANILA, Philippines - The move of Philippine negotiators to open the domestic market rapidly has killed local manufacturers, a senior member of the Senate said.

“We (the Philippines ) were fascinated with liberalization and the WTO that we opened the country too fast, ahead of China and India ,” Sen. Manuel Villar said. “Now we want to level the playing field, but there are no more players. They (local manufacturers) are all dead,” he added.

He noted that Philippine trade negotiators at the World Trade Organization (WTO) bungled in the job and betrayed the interest of local industries.

According to Villar, the interest of the Filipino manufacturers have been left out and waylaid in the rush towards globalization that there are now only a few of them standing. Villar made this statement during the Senate hearing on the proposed creation of a Philippine Trade Representative Office which was attended by Fair Trade Alliance, private sector, and line agencies.

(click on the link above for full story)

Globalization needs Technology or Product Innovation which most third world countries cannot and therefore cannot cope up with liberalization ....

But is better this way so that our local manufacters invest more on research and development, its a backlash to local manufactures but good to the economy more job and less monopolization.

[boom_box]

I won't be surprise if we end up like North Korea or experience India's "Hindu Growth Rate" if we still keep the being protectionist.

And at the same time, numbers of OFW are still on the rise.

[gareb]

Globalization needs Technology or Product Innovation which most third world countries cannot and therefore cannot cope up with liberalization ....

But is better this way so that our local manufacters invest more on research and development, its a backlash to local manufactures but good to the economy more job and less monopolization.

our local manufacturers cannot compete since they no longer have the capital to invest on the technology needed to be at part with imports. and since our local manufacturing sector is dead, this means less jobs and less spending power for us.

on the other hand, monopolization still exists, as our economy is being "monopolized" by imports.

[Eve's Apple Project]

somehow i would disagree bai. naa pay kwarta ang atong mga manufactoring companies bai. Most of them are hestitant lang nga mo invest because kuyaw na nga malugi.. if the gov't will also take action (or like i said the companies will work together) i think mobalik ra na sila. I know a manufactoring company owner, nishift nalng sya paghousing developer karon kay hinay naman ang iyang primary business. The gov't has to gain their confidence balik. sa karon ang nangadato/booming ra kay ang mga MALL Tycoons..hahaha.

[nirpz]

gi tuyo mani pra ma control ang dagan sa negosyante dri..friendly gd ang pinoy sa tanan foreigners..to be fair sa ila sides tnan bah mao nah..