maayo man ni na-abot ang mga BPO ug investors to "jump start" the economy but these are not good methods of sustaining the economy. ngano man? because this is an unstable influx of commerce because they can pull out anytime whenever there is another country that offer a better package with higher interest rates.
floating on BPO/PEZA and foreign investments is like floating on thin ice, when that ice melts we are going nowhere but down and it will be sudden and hard especially if the local businessmen are running on loaned capital, worst dollar loaned capitals. daghan gyud insik nga mag hikog. this is the backlash of investments of these kind. foreign financial investments or what we call "hot money" are finances that are being played by the investors. if tides will change, particularly political tide they can always "bet" their money in another country. BPO and PEZA's on the other hand are fold and pack businesses. if the raw materials in our country will become scarce and human workforce gives them a headache, then they will just move on to the next 3rd world country with a corrupt government that they can exploit.
we must strengthen our production, create jobs from within, tap our own resources. not borrowed capital and resources.
remember the East Asian Crisis of 1997? investors pulling out from Asia because the US suddenly became a more attractive country to invest in. basin mag de javu unya ta...
this is GMA's ultimate challenge, to sustain the momentum and turn around these finicky and unpredictable type of investments but for starters she is fairly doing a good job.