#Philippines #OFWs: The Smoking Gun of Failed Protectionist Economic Policy | Anti-Pinoy : World Edition
I Agree tungod aning Protectionist Policy walay kaugmaon ang Pilipinas ....
What is the impact of all these “protections”?
The impact of protectionist policy is very glaring:
1. By protecting the inefficiencies of Filipino businesses – we condone the inefficiency and wind up paying more for shoddy services. We need not go far. Just look at your electric bill, phone bill, your water bill – and its impact on your wallet.
By protecting PLDT, Globe, Meralco -we have consigned ourselves to more power outages, more network congestion, more power outages – and paying higher for the lack of services. This is unacceptable but since there is nowhere else to go people have no recourse but to bend over and hand over a substantial portion of their meager paychecks to Meralco, PLDT, and Maynilad.
Under an open and liberal economic regime, Filipinos can have more providers participate in providing power, water, internet, and phone services. If Globe/PLDT/Meralco/Maynilad is lousy, customers can just terminate their contracts with Globe/PLDT/Meralco/Maynilad and take their money elsewhere where they can get better value for the money they shell out.
2. By limiting the job providers to Filipino owned businesses only – we lose out on the jobs that could have been created by foreign owned businesses.
Don’t you find it strange (I do) that Filipino jobseekers keep foreign business out of the Philippines then go to foreign countries to find jobs overseas? They are still employed by foreigners overseas are they not? So what really is the big deal between being employed by foreigners overseas versus being employed by foreign owned busineses in the Philippines.