Mediocre investment and high unemployment in #Philippines traces roots to #Aquino legacy

By -


In 1986, Cory Aquino presided over the passage of a constitution that effectively bars the easy entrance of foreign direct direct investment into the Philippines. Then proceeds to craft an onerous regulatory framework that prevents locals from easily starting new businesses and limits market participation to the established oligarchy. Those companies that remain open are eventually taxed to death and local entrepreneurs are unable to turn a profit unless they participate in the black market.

Instead of encouraging innovation or fostering a competitive business climate, the Philippine government tells "heroic" professionals (like joeld) to become part of a ballooning immigrant community that sends remittances to prop up the economy. At home, instead of encouraging the growth of an investment friendly business environment, the Ramos administration creates special economic zones to bypass the labyrinth of local business regulations. Why no administration has ever come to the conclusion that the local business climate would be vastly improved by the same deregulation is beyond me.

And now the DOLE laments the fact that there aren't enough workers with technical expertise in the country? It's absurd!

http://getrealphilippines.com/blog/2014/01/filipino-labour-force-not-up-to-par-philippines-ready-to-host-foreign-workers/comment-page-1/#comment-201154

Comments

Post a Comment

Popular this week

Poor people in the Philippines seem to prefer poverty over aspiring to be not poor

By -
Image
Sadly, a MAJORITY of the poor people here are bad people. That is WHY they are poor. They disrespect others, they disrespect themselves, and they disrespect God’s creation. Exactly how do they think they’ll be rewarded for that? If you genuinely had empathy, you would be able to get inside their heads and understand why they do these things, and perhaps know how to fix it. However, you are confusing “empathy” with “sympathy”. I have yet to meet a poor person who actually WANTS to do the things necessary to escape poverty. The funny thing is, everyone can see that I’m more successful than they are. They think this is because I’m “rich”. I’m sure a lot of them are full of jealousy (as benign0 describes) and sit around thinking “ha, it’s not fair, that foreigner is so rich and I’m so poor. I guess it’s OK if I steal his stuff”. Which they do. Regularly. I grew up poor. I know how it feels to be hungry, all the time, every day. I decided I didn’t like feeling like that. I’m successf
Read more

Rappler CEO @MariaRessa suggests that Duterte was ORDERED to sing by Trump! 😮

By -
Image
In a tweet fielded by Rappler CEO Maria Ressa today, the causality reader could be led to believe that Philippine President Rodrigo Duterte was ordered to sing by US President Donald Trump. But was he really? It seems Ressa is just being too quick to selectively interpret a common Filipino colloquialism that is no different to the way we use terms like "bossing" and "chief" to address peers or even subordinates in a tongue-in-cheek manner. Ressa is most definitely grasping for straws here.
Read more

The sound of a #Tagalog convo: 'like chickens and hens cackling in unison'

By -
Image
While I'm not sure the language should totally go the way Latin did, one can't deny the limited use of Tagalog. As it is now, a sentence can't be done without two or three borrowed words in English which makes it redundant in academia. Somehow you gotta address the technical jargon but there really is no equivalent to it in Tagalog so the English term just ends up jammed in between the local vernacular. Nevermind the fact that reading Tagalog online is cringey no matter who wrote it. Add the fact that it just doesn't sound pleasing to the ear. Normal conversation with Tagalog is like chickens and hens cackling in unison to the uninitiated. It's the peasants' language through and through. ------------ This is a GRP Featured Comment. Join the discussion! http://getrealphilippines.com/blog/2014/06/kudos-to-the-commission-on-higher-education-ched-for-finally-junking-tagalog/comment-page-1/#comment-544143
Read more