Economy is the wealth and resources of a country especially in terms of the production and consumption of goods and services. This is executed by individuals who are living in or out of a certain place. The study of economics can help the firms and households or the buyers and sellers in the society as they interact in the market. It can also help analyze inflation or the rapid increase in price. The Philippine economy is the thirty-ninth largest economy according to 2014 IMF statistics. It is currently one of Asia’s fastest growing country and has been named as the Tiger Club Economies. But nevertheless, there are still problems we can evade like inflation, unemployment, poverty, and corruption. This 2015, we are facing problems we need to attain. Inflation, which is the top concern of all social classes. We’ve been recently hit by el Nino which resulted in the upward pressure on inflation. Merchandise exports fell by 12.9% in US dollar terms in the first half and imports fell by 8.3%. The trade deficit widened but growth in remittances and services exports, mainly from business process outsourcing and tourism, kept the current account in surplus.
Yes, The Philippines is facing a lot right now but don’t you think it would be wise to give a little more attention to education for the youth since they will be the next generation to withstand our country’s economy and politicians? The youth is the hope of our nation as what Dr. Jose P. Rizal said. Education is the answer to some of our problems right now. It would benefit the people and our economy. Education is power. Completing your education teaches you how to be responsible and it teaches you how to use logic. For people that do not have a fortunate background, education is the greatest equalizer. The availability of education today is much more prevalent than in generations past, allowing individuals from lower socio-economic backgrounds to compete with the majority of job seekers. Being able to gain a degree they are on the same level as many others, and can rise from their present level, reducing inequality, both at an economic and a social level in a society. Therefore, Education could be the solution to some of our problems economically and politically.
Each country has its own economy. Economy is the process of production, distribution and consumption of certain goods and services by individuals in the society. The Philippines economy is a common-based economy. It allows the production and distribution of goods and services according to the control and imposition by certain men and women, organization or government.
In order for a country to be progressive, one must know how to plan and implement economic development while maintaining political stability.
Economy is often associated with politics. Politics is the power of governance. The Philippines has a representative democracy as a political system. It allows individual participation of governance through votation and elect representatives to govern them.
The Philippine economy has a mixed history of growth and development.
Back in the days, the Philippines was once considered as one of the richest countries in Asia but now we are one of the poorest and underdeveloped countries in Asia. The fall of our economy started in 1981 during the Marcos’ administration when the Philippines started experiencing economic problems like scarcity of resources and social unrest. Although there were some points that the Philippine economy flourished, like during Fidel Ramos’ administration, it wasn’t enough to bring it back on track. It even worsened during Joseph Estrada’s administration when foreign investors lost their interest in making business with the Philippines which can develop the Philippines’ economy.
So as you can see, the Philippine’s Economy is somehow dependent on the government of the Philippines and how it implements economic development. Filipinos complain about having a sucky economy and how a lot of people are unemployed and are in poverty but it is also their fault for not voting the right people to lead their country because the government plans and implements economic development. For example, we chose an actor, Joseph Estrada, to lead our country who in turn was corrupt and was impeached for cryonism, corruption and many more.
But now the Philippine economy is slowly growing. The Gross National Income increased from 4.2% to 5.0%. The unemployment rate decreased a little from 6.6% to 6.4%. The Gross Domestic Product increased from 5.0% to 5.6%.
The Filipinos should use their suffrage responsibly and correctly. The Filipinos should be educated so that they choose their leaders wisely in order for the country to grow and develop. We reap what we sow.
Sociology and Anthropology: Fundamental Concepts on Society and Man by Glenn Trajano
The economy of the philippines is 39th largest in the world,and is also one of the emerging markets.Now I ask is it developed, is it improved ?I say YES considering that we are developed in terms of our economy and capital markets.From what I have obeserved the GDP of the Philippines since 1960 started to increase in the year 2000 and only started going up we are starting to evolve if you will,we are starting to improve ,however its growth has been behind that of many of its Asian neighbors,the so called Asian tigers or the asian dragons is a very developed economy namely Hong Kong ,Singapore,South Korea,Taiwan.These are the nations and areas were notable for maintaining very high growth rates.But the Phillipines though small compared to the other tigers posted a high GDP growth rates reaching 6.8 in 2012 and 7.2 in the year 2013 slowly we are improving.Now scarcity in the Philippines this is a problem we all face having no food .We should create more investment opportunities in agriculture, so this problem will be diminished we are people we should help one another in order for our economy to grow and evolve.After typhoon yolanda the philippines needs to prepare for the increased risk of disaster brought about by climate change .The long -term risks of typhoon Yolanda include a rise in unemployment and underimployment,increased poverty levels,and deteriorations in human capital indicators a lot of people could have been pushed into poverty.Now the philippines though having a great economy needs to improve more in order to not good but great being more better each year having to accomplish something more than what we had before.
Now our politics our government is diciplined but as we make and decide and choose our leaders are we really choosing a leader who will lead us?a leader who will help his people in their time of need and not look toward coruption.We do not need powerful rich leaders we need good kind heart-ed leaders who will rise above selfishness ,we need to improve ourselves in order to be better I mean when we vote is it really the person we voted to blame?or is it the ones who voted that person to lead..we have to make a stand and make our society our government better in order not to look at the past but see the more brighter future.
Overpopulation is the single greatest danger to our planet, resources and our own people. The lack of an effective system for controlling the growing population in the Philippines has led us to the highest population ever recorded in the history of our country – 101,802,706.
The lack of the dissemination of accurate information about birth control and family planning methods contribute a lot to the exponential upsurge in the Philippine population. Our state of mind due to our religion, most being Christians, have led to the rejection of the idea of birth control. People would rather have a child grow in the streets, sleep in the road, inhale solvents(rugby) instead of food instead of accepting the fact and helping spread the word that birth control can and will help alleviate the problem of overpopulation.
We also can’t ignore the fact that the mismanagement of resources intensifies the problems brought upon by overpopulation. The rich tend to have more and more each year and the poor tend to have less. The fact that the upper 10% of the Philippine population has 50% of the Philippine wealth is an evidence of this. With the rising population, the gap between the rich and the poor will only grow wider each year.
Poverty and unemployment directly affect the health, educational status and mental state of the Filipinos. Both of these factor are mostly due to overpopulation. The underprivileged in the Philippines are the citizens who are victims of the system. The system in the Philippines where those who have more money are the ones given the chance to have a better life. Overpopulation intensifies this system. More people means less farming lands since capitalists transform our lands to buildings and establishments.
In conclusion, the demography of the Philippines obviously shows an overpopulated country that doesn’t know how to cope with such problem. A comprehensive plan centered on the average Filipino should alleviate this problem with the help of every citizen. Filipinos must realize that we are headed into a dark future and only we can ourselves.
3rd World… Has this country developed any kind of fondness to such lacklustre title?
“The Philippines has been named as one of the Tiger Cub Economies together with Indonesia, and Thailand. It is currently one of Asia’s fastest growing economies. However, major problems remain, mainly having to do with alleviating the wide income and growth disparities between the country’s different regions and socioeconomic classes, reducing corruption, and investing in the infrastructure necessary to ensure future growth.”
From this, I can say that we are not entitled with the poverty that has infested our nation, but somehow, in the weirdest way, we chose to be like this. History lessons taught us that the great colonizers of the age of discovery (Spain, Portugal, England, France, etc.) DREAMED of colonizing the Philippines. From spices, raw material, geographic location, and agriculture, it’s no joke that this country truly is the Pearl of the East. This country is deemed as one of the richest in terms of natural resources. Why has this majestic land been stripped of its beauty and grandeur? Is it because of the people? Is the Philippines better off without the Filipino people? Let’s see…
The population of the Philippines is estimated at 100,096,496 as of July 1 2014.
Philippines’s population is equivalent to 1.38% of the total world population.
The Philippines ranks number 12 in the list of countries by population.
The population density in the Philippines is 334 people per Km2.
50% of the population is urban (49,643,960 people in 2014).
The median age in the Philippines is 23.2 years.
Staggering info isn’t it? It seems like we have more mouths to feed. But not to worry, our economy is on the rise… Isn’t it?
“”The Philippines is no longer the sick man of East Asia, but the rising tiger,” announced World Bank Country Director Motoo Konishi during the Philippines Development Forum in Davao City last February of 2013.”
But that economic growth only looks good on paper. The slums all around us are as bleak as they always were. “Are we really on the rise?” The economic boom appears to have only benefited a tiny minority of elite families. Meanwhile, most of the citizens are still being engulfed by poverty, malnutrition, and other bad elements that come with a country that is riddled with pests… And I’m not referring to the rodents and insects.
“Meanwhile, overall national poverty statistics remain bleak: 32 percent of children under age five suffer from moderate to severe stunting due to malnutrition, according to UNICEF, and roughly 60 percent of Filipinos diewithout ever having seen a healthcare professional. In 2009, annual reports found that 26.5 percent of Filipinos lived on less than $1 a day — a poverty rate that was roughly the same level as Haiti’s. And a new report from the National Statistical Coordination Board for the first half of 2012 found no statistical improvement in national poverty levels since 2006. Even as construction cranes top Manila skyscrapers and the emerging beach town of El Nido unveils plans for its newest five-star resort, tens of millions of Filipinos continue to live in poverty. And according to Louie Montemar, a political science professor at Manila’s De La Salle University, little is being done to destabilize the Philippines’ oligarchical dominance of the elite.”
The rich are getting richer, while the poor are getting poorer. This is the sad reality that we face today. But this isn’t our fate… not if we choose to. There is still hope, and that little piece of info regarding our economic rise should ignite our desire for change. The government sucks? Then let’s do it ourselves. The problem with Filipinos is that we are huge hypocrites. We question the immoral and scandalous acts of our leaders when we are just as red handed as they are.
“Grabiha nas basura oy, asa naman ang mga garbage trucks intawn. Rama way ayo.”
*Throws plastic pack of chips on the sidewalk.*
We are on the rise, and we have only ourselves to blame. We have to make do with what we have. It seems like a lot of work to do, but hey, nothing worth having comes easy. Poverty will never disappear, unfortunately. But what’s wrong with trying? In the long run, we may discover methods or ways that could greatly benefit the future of our country. Let’s all do our roles as citizens of the country. Always remember that the most important piece of the puzzle is us, the people.
by: GEYROSAGA, Geyanne D.
Philippine population has been steadily rising, birth rates are higher than death rates. Is this a problem for the rising tiger of Asia? Has the Filipino people, through its duly elected government, been doing its best to curb the negative effects of its rise in population? What is left for the Philippines to do to help itself from the problems of large populations? The Philippine population the time of the Americans was 2 million nationwide, but in less than 100 years it’s population has risen to 100 million in 2015. many countries have populations larger than that of the Philippines. China, being an international powerhouse, is one with the largest population with over a billion citizens. One may ask, why did we mention China in an issue of population in our local setting? It is because population is not an issue for us, nor should it be. Why would I say anything like that? It is because when you educate people, give them jobs, that is a work force of skilled individuals
which could uplift the state of our nation. Population is not a problem, the main issue here is the economy. A larger workforce means we can do more. Doing more equals more money flowing. But to maintain that huge workforce we need jobs. Let’s go back to China. They have over a billion citizens, but they are an economic power house. They provide jobs for their people, they survive because they are able to get the job done. To survive economically, China will have to provide more jobs. But with competition from other countries to provide a quality product and work force, it’s an uphill climb for them only to reach a summit and come back down. The Philippines in the other hand is growing. BPO companies come to the Philippines to search for a well-educated, skilled workforce.
As mentioned, population is equal to workforce. The difficulty is when that population is not well-educated, or if there is a lack of applicable jobs. The Philippines is on the rise because it’s work force is skilled in the different fields. This brings us back to our problem of population This is what we see in the Philippines. Those who have no proper jobs are homeless, some would argue that they are a cancer to our economy. Yet what happens when you train them, teach them? They become a workforce which can handle the things that have to do . But what happens to the population after you educate them? Is education enough to make the “population problem” go away? No, you need to provide your skilled workforce with jobs. We have the people, we can provide the education, we can get investors, what is there to stop us? Ourselves. Filipinos think they can not be as great as other countries, most of us believe that the Philippines is not ready for that economic growth and that our efforts and thatched of the government are in vain
Our government has done it’s part and continues to do so. It provides jobs through public private partnerships, it allows foreign investment, it is up to us to meet the standards, to do what we have to do to survive and to help our nation.
To summarize it all, the problem is not population, population is not a problem, it is what we can do. We do what we have to do for the common good and not for personal gain.
There may be one more mouth to feed but two more hands to help.
Joe Mari P. Militante
We are part of the society, therefore, we should be aware of what is happening around us.
what is an economy? Do you ever wonder what it is? An economy or economic system consists of the production, distribution or trade, and consumption of limited goods and services by different agents in a given geographical location
The Philippines is considered as a newly industrialized country, which has been transitioning from one based on agriculture to one based more on services and manufacturing. In 2014, the GDP by Purchasing power parity was estimated to be at $692.223 billion.
Household consumption accelerated in the first half on 2015, driven by higher employment, low inflation, and rising remittances. Private investment also rose, but government spending was sluggish early in the year before rebounding. Net external demand weighed on Gross Domestic Product growth, which slowed to 5.3%.
The rebound in government spending is expected to spur growth through the rest of this year and in 2016. In July, growth in public expenditure excluding interest accelerated to 31% year on year. Election-related spending will also support domestic demand through May 2016, when elections will be held.
Manila, Philippines the international monetary fund (IMF) said the Philippine economy likely picked up speed in the second quarter of the year after slowing down in the first quarter on weak global demand and lack of government spending. IMF resident representative Shanakaa Jayanath Peiris said the country’s gross domestic product grew slightly faster in the second quarter due to improved spending by the Aquino administration.
Price hike in products like the rice and gas takes a lot of toll to the citizens . the cause of price increase laid a burden to the people especially to those who are living under the poverty line.
With good political leaders and good governance our country will surely be progressive. The government and the people should help each other for the betterment of our country. We need to work hand in hand to achieve our goal which is to have a progressive country today and for the future generations. corruption should be stop and should not be the reason for us to be left out. other country’s can do it why can’t we?
Every state has an economy. It is like indicating a society of how well their individuals are participating to make it progressive.But, what does economy really means? What does this have to do with our country? What are indicators of a progressive economy?
Economy refers to the process of production, distribution, and consumption of certain goods and services by individuals in the society. Economic activity involves natural resources, labor, and capital. Underlying all this are geographical location, culture, values, political organization, law, and education.
The Philippines is considered as a newly industrialized country, which has been transitioning from one based on agriculture to one based more on services and manufacturing. In 2014, the GDP by Purchasing power parity was estimated to be at $692.223 billion.The Philippine economy has been growing steadily over decades and the International Monetary Fund in 2014 reported it as the 39th largest economy in the world. However its growth has been behind that of many of its Asian neighbors, the so-called Asian Tigers, and it is not a part of the Group of 20 nations. Instead it is open grouped in a second tier of emerging markets or of newly industrialized countries. Depending upon the analyst, this second tier can go by the name the Next Eleven or the Tiger Cub Economies.In the years 2012 and 2013, the Philippines posted high GDP growth rates, reaching 6.8% in 2012 and 7.2% in 2013, the highest GDP growth rates in Asia for the first two quarters of 2013, followed by China and Indonesia. As a newly industrialized country, the Philippines is still an economy with a large agricultural sector; however, services have come to dominate the economy.Much of the industrial sector is based on processing and assembly operations in the manufacturing of electronics and other high-tech components, usually from foreign multinational corporations.Filipinos who go aboard to work–-known as Overseas Filipino Workers or OFWs—are a significant contributor to the economy but are not reflected in the below sectoral discussion of the domestic economy. OFW remittances is also credited for the Philippines’ recent economic growth resulting to investment status upgrades from credit ratings agencies such as the Fitch Group and Standard & Poor’s.In 1994, more than $2 billion USD worth of remittance from Overseas Filipinos were sent to the Philippines.In 2012, Filipino Americans sent 43% of all remittances sent to the Philippines, totaling to $10.6 billion USD.
The International Monetary Fund (IMF) said the Philippine economy likely picked up speed in the second quarter of the year after slowing down in the first quarter on weak global demand and lack of government spending.The Philippines recorded a 5.2 percent GDP growth in the first quarter of the year from 5.6 percent in the same quarter last year on the back of anemic spending caused by delays in the implementation of much-needed infrastructure projects.Last July, the IMF revised downwards the country’s GDP growth forecast to 6.2 percent based on the July World Economic Outlook (WEO) compared to 6.7 percent based on the April WEO as it lowered its global growth forecast amid the slow US economic recovery.The IMF slashed its global growth forecast this year to 3.3 percent instead of 3.5 percent. This year’s revised forecast was also lower compared to the 3.4 percent global growth registered last year.
Political system refers to the system of power of governance. It is often associated with economic system, cultural system, religious system, or legal system. It is constituted by members of the organization, by-laws and policies in the management and administration, and mechanism for maintaining order in and out of the organization.
To contain the fiscal crisis after Marcos dictatorship, a total of 29 tax measures were passed by Corazon Aquino administration; the introduction of 10% Value Added Tax (VAT) , an additional 20% VAT imposed on luxury goods, a unifiedtax schedule for compensation and professional income and new taxes fir franchisees. From 1986 to present,debt payment for interest alone has slashed the 25% of the national governance budget. The worsening conditions of the poor is still evident up to this day. Prices for rice rose from a range of P30-40;petroleum product and gasoline.
Learning about our economy and our politics can help on how we can improve our country. I strongly believe that politicians have great role in improving our economy. If our way of governing will not change and politicians would not change their ways of governing our country then our country economy won’t imporove. As a Filipino citizen, we have the responsibility to help it to become progressive. Our country is blessed with many abundant resources and all we have to do is make use of it and expand it. Politicians must be aware of the current state of those poor people,who up to this time are still suffering. If only politicians will not take advantage of their powers by being corrupt and use it instead to help those poor people. Corruption is a hindrance in the development of one’s economy. We can’t blame those poor people for being poor because how would they improve their lifestyle if nobody would help them. Politicians must be true to their words because some are just saying stuff to get the peoples votes but when they got the position they forgot all of those promises they made during elections.
Everyone must live by this statement “What you do has far greater impact than what you say.”
The population of the Philippines is estimated at 100,096,496 as of July 1 2014. The Philippines’s population is equivalent to 1.38% of the total world population The Philippines ranks number 12 in the list of countries by population. Based on these facts, one could say that the Philippines is a well populated country. But now, a question comes into mind that says, “Is the Philippines overpopulated?” Based on the research I have conducted, The Philippine population has increased by almost 30 million in the last decade. With the Philippines being a third world country, it is not so much of a surprise to see people living in substandard conditions. Many people live in such little space here in the Philippines, and this is very evident, especially in squatter areas. There is also a great lack of family planning which can be seen in everyday life here in the Philippines, given all the homeless families with more than 5 children that are living on the side of the streets. Along with this, it is also difficult to get a proper education, given the current situation of the Department of Education, which means that those living in poverty, which composes a large percentage of the population, will not be able to get a proper education, which means that people will not be able to obtain proper and stable jobs, which will result in the poverty rate increasing in the future. This lack of opportunity means that many will result to manual labor, which is quite common given the situation of the Philippines. Given this information, I can therefore conclude that my opinion on the Philippines being overpopulated is not entirely incorrect.
Sources: http://www.prospektphoto.net/reportages/mads-nissen-overpopulation-in-manila/, http://www.worldometers.info/world-population/philippines-population/, https://psa.gov.ph/statistics/census/population-and-housing