RP - standing still despite the financial crisis

[omar50071]

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I agree, we are standing still, but from the pit where we were before. No improvements whatsoever! This administration has done a good job in maintaining our despicable condition.

[luwid]

OFW Remittances!!!

I am one of those....

[vergievergz]

^filipino heroes...^_^ we're still standing, but on shaky grounds...

[Jerry Michael]

I agree, we are standing still, but from the pit where we were before. No improvements whatsoever! This administration has done a good job in maintaining our despicable condition.

It is not only maintaining it but also aggravating it! That, I give her credit!

[masterjanuarius]

and the cycle of confusions begins... RP is standing because the Philippines have a lot of allies, not just the US but also the east Asian allies.

in times of crisis, each country is to its own .. it is not because of the Philippines' allies intervention that we are standing in this global economic crunch .. because, we should be way down there in the bottom as our country's partners would also pull us down .. as it is, we are not, and there are some movements in our economy .. i think the best barometer for economic health is the "real state business" of our country; and, there are still many constructions going on right at the moment, i say anywhere in the Philippines. In the period of 1998 to 2002, it wasn't like these. Many constructions stopped and nobody would want to buy real properties then .. today is very much different ..

[mannyamador]

Our growing population also provides a good domestic market and a ready labor pool. These help prevent economic stagnation.

[vergievergz]

^^we're not stagnating...we're in motion, and that is down...hehehe

[neoraising]

yeah..the Philippines is still standing but it's standing at the same place for so long..when it comes to managing our economy, we never take initiative..relying heavily on OFW remittances is not exactly the best recipe for economic growth which apparently is one of PGMA's "sound" economic plans..

we are the world's no.1 importer of rice when we know that arable land in the Philippines is very much capable of adequately sustaining our population..it's very ironic since IRRI is located in the Philippines and we were the ones who taught the Vietnamese about rice technology back when they were recovering from the war and now we import rice from them..

Instead, the government should stimulate economic growth in the provinces by supporting the farming industry and limit real estate development on what would be otherwise beneficial and arable land..they should encourage people who live in the provinces to work there to prevent further congestion in the cities and improve living conditions there so that people would stay..it's time to take control of our food supply by going back to the basics-farming..

Most of all, the government should support more the local manufacturing industry which should generate more jobs and help in our economic growth..

[gnox]

yeah..the Philippines is still standing but it's standing at the same place for so long..when it comes to managing our economy, we never take initiative..relying heavily on OFW remittances is not exactly the best recipe for economic growth which apparently is one of PGMA's "sound" economic plans..

we are the world's no.1 importer of rice when we know that arable land in the Philippines is very much capable of adequately sustaining our population..it's very ironic since IRRI is located in the Philippines and we were the ones who taught the Vietnamese about rice technology back when they were recovering from the war and now we import rice from them..

Instead, the government should stimulate economic growth in the provinces by supporting the farming industry and limit real estate development on what would be otherwise beneficial and arable land..they should encourage people who live in the provinces to work there to prevent further congestion in the cities and improve living conditions there so that people would stay..it's time to take control of our food supply by going back to the basics-farming..

Most of all, the government should support more the local manufacturing industry which should generate more jobs and help in our economic growth..

very well said. dapat create small businesses and jobs in the country instead of allowing people to be OFW's

[masterjanuarius]

yeah..the Philippines is still standing but it's standing at the same place for so long..when it comes to managing our economy, we never take initiative..relying heavily on OFW remittances is not exactly the best recipe for economic growth which apparently is one of PGMA's "sound" economic plans..

we are the world's no.1 importer of rice when we know that arable land in the Philippines is very much capable of adequately sustaining our population..it's very ironic since IRRI is located in the Philippines and we were the ones who taught the Vietnamese about rice technology back when they were recovering from the war and now we import rice from them..

Instead, the government should stimulate economic growth in the provinces by supporting the farming industry and limit real estate development on what would be otherwise beneficial and arable land..they should encourage people who live in the provinces to work there to prevent further congestion in the cities and improve living conditions there so that people would stay..it's time to take control of our food supply by going back to the basics-farming..

Most of all, the government should support more the local manufacturing industry which should generate more jobs and help in our economic growth..

It is not the PGMA administration which should be at fault here only ..The Ills of our society is a product of all the administrations in the Philippines ..Just think of this: in 1960 or before dollar exchange with Peso was pegged at 1=1. when Marcos left the presidency it was 1$=23PhP (i think; Today, it is almost 50PhP). The 1970's saw a big migration of Filipinos outside the country(which of course, are the ones sustaining greatly our economy through their remittances), which tripled in the 80's and 90's, etc.. From the Marcos era until now, there was and still,is a loop sided development: industrialization at the expense of agriculture; centralization at the expense of local progress and development; power/authority at the expense of education .. haha .. i am no GMA minion, but I think she inherited many of these ills in our Philippine society (well, others are also created by people close to her anyway..) Wait and see and the same issues will be hurled to the new elected president..I bet my ass...haha .. and we never learn.