What hinders Filipinos from acquiring Prosperity?

[balatucan]

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Kurakot and tayo tayo system.

The economy and politics is controlled by the few. The rest just settled for the crumbs.

[giddyboy]

all can be blame to filipino traits na ang uban proud pa gani:

1) Crab Mentality
2) Manyana habit (including laziness)
3) ningas kugon
4) Filipino time
5) Colonial mentality

Guys please add..

na-mention na man tanan except tingali sa FILIPINO TIME (being chronic latecomers) ug NINGAS KUGON (maayo ra sa sugod)...

[noiburdlanor]

i guess everything has been enumerated already. and i think it's time ponder on those things and start the change we've all been craving for our country...

[giddyboy]

i guess everything has been enumerated already. and i think it's time ponder on those things and start the change we've all been craving for our country...

ang problema pre is that, MAKING CHANGES is difficult kng mao nay naandam nimo...mas sayon kung we try to change ourselves & families first...

[noiburdlanor]

ang problema pre is that, MAKING CHANGES is difficult kng mao nay naandam nimo...mas sayon kung we try to change ourselves & families first...

yeah, that's what i'm trying to point out...

[victor3]

So much with those negative traits that you have enumerated...this is by and large an outcome of the hitherto existing economic superstructure that benefits only the privileged class.

Look at our system, is it really conducive for the lowly pinoy to rise from poverty? Everything tends to favor the rich--subsistence minimum wage, false agrarian reform, highly commercialized and exorbitant education, patronage politics, political dynasty etc. These i think are more direct hindrances to properity.

[P-Chan]

we lack discipline
and good leadership

leadership i don't know.... discipline.. yes! grabe mao gud ni ang rason... tanawa sa Philippines ang mga pinoy di kaayo mo patuo sa law(if they won't even follow the simple law like "no jaywalking" or "road rules" what more pa if bigger law?") .... they tend to ignore it.. mag huwat pa sila ma kasab.an... gahi ulo....after a few day.. pa tuman na pud sa ilang gusto... pero tanawa ang mga pinoy sa gawas... buotan kaayo... pa tuman gud..

[radiostar]

trapo

[giddyboy]

So much with those negative traits that you have enumerated...this is by and large an outcome of the hitherto existing economic superstructure that benefits only the privileged class.

Look at our system, is it really conducive for the lowly pinoy to rise from poverty? Everything tends to favor the rich--subsistence minimum wage, false agrarian reform, highly commercialized and exorbitant education, patronage politics, political dynasty etc. These i think are more direct hindrances to properity.

after we see what hinders the filipino from prospering on the attitute aspect of pinoys, let us see what hindered us historically:

ECONOMY
Since the end of World War II, the Philippine economy has had a mixed history of growth and development. Over the years, the Philippines has gone from being one of the richest countries in Asia (following Japan) to being one of the poorest. Growth immediately after the war was rapid, but slowed over time. Years of economic mismanagement and political instability under the Marcos regime eventually harmed economic growth and grossly adversely affected macroeconomic instability. A severe recession in 1984-85 saw the economy shrink by more than 10%, and perceptions of political instability during the Aquino administration further dampened economic activity. During his administration, President Ramos introduced a broad range of economic reforms and initiatives designed to spur business growth and foreign investment. As a result, the Philippines saw a period of higher growth, but the Asian financial crisis triggered in 1997 slowed economic development in the Philippines once again. President Estrada managed to continue some of the reforms begun by the Ramos administration. Important laws to strengthen regulation and supervision of the banking system (General Banking Act) and securities markets (Securities Regulation Code), to liberalize foreign participation in the retail trade sector, and to promote and regulate electronic commerce were enacted during his abbreviated term. Efforts to reform the constitution to encourage foreign investment, particularly foreign ownership of land, were abandoned amidst nationalist opposition. Initial optimism about prospects for economic reform also had dimmed amid concerns of governmental corruption. Scandals involving the Philippine Stock Exchange, and the President's close ties to certain businessmen, shook the confidence of investors and the business community and ultimately led to successful efforts to impeach and remove President Estrada.

Despite occasional challenges to her presidency and resistance to pro-liberalization reforms by vested interests, President Arroyo has made considerable progress in restoring macroeconomic stability with the help of a well-regarded economic team. Nonetheless, long-term economic growth remains threatened by widespread poverty, crumbling infrastructure and education systems, and trade and investment barriers.

Important sectors of the Philippine economy include agriculture and industry, particularly food processing; textiles and garments; and electronics and automobile parts. Most industries are concentrated in the urban areas around metropolitan Manila. Mining also has great potential in the Philippines, which possesses significant reserves of chromate, nickel, and copper. Significant natural gas finds off the islands of Palawan have added to the country's substantial geothermal, hydro, and coal energy reserves.

Today's Economy
GDP grew by 5.4% in 2006, marking the first time since the 1970s with three consecutive years of growth over 5%. Historically, the Philippines has had difficulty sustaining growth at over 5%. GDP increased by 6% in 2004, a 15-year high, and by 5% in 2005. Growth in 2006 was fueled by increased electronics exports, growth in the outsourcing industry, and a 20% increase in remittances from overseas workers to $12.8 billion and about 11% of GDP. GDP growth is expected to finish 2007 closer to the upper end of the government's targeted 6.1%-6.7% growth range. Still, it will take a higher, sustained economic growth path to make more appreciable progress in poverty alleviation given the Philippines' annual population growth rate of nearly 2%--one of the highest in Asia.

source:
http://www.state.gov/r/pa/ei/bgn/2794.htm

[giddyboy]

so in summary, here below is what hindered us from prospering historically:

(1) Post World War II (1946-1965)- economic growth was rapid but slowed over time.

(2) Under Marcos regime (1965-1986)- years of economic mismanagement & political instability harmed economic
growth & grossly affected macroeconomic stability. A 1984-85 severe
recession saw the economy shrink by more than 10%.

(4) Under Aquino administration (1986-1992)- perceptions of political instability further dampened economic activity.

(5) Under Ramos administration (1992-199- the Asian financial crisis triggered in 1997 slowed economic development in the
Philippines once again.

(6) Under Estrada administration (1998-2001)- initial optimism about prospects for economic reform also had dimmed amid
concerns of governmental corruption. His scandals involving the PSE, and
his close ties to certain businessmen, shook the confidence of investors
and the business community.

(7) Under Arroyo administration (2001-present)- long-term economic growth remains threatened by widespread poverty,
crumbling infrastructure and education systems, and trade and investment
barriers. it will still take a higher, sustained economic growth path to make
more appreciable progress in poverty alleviation given the Philippines' annual
population growth rate of nearly 2%--one of the highest in Asia.

So, despite a number of policy reforms and recent good news, the Philippines continues to face important challenges and must sustain the reform momentum to catch up with its regional neighbors and to translate the current cautious optimism into the long-term confidence required to spur investments, achieve higher growth, generate employment, and alleviate poverty for a rapidly expanding population.