Analysis in BirdTalk
Parungao, Adrian Mclaude D. 09/22/2014
BAMC BC 2D SocSci213
Reaction Paper: Bird Talk; Economic And Political Briefing
For the past 3 years of the Aquino administration makes the Philippines’ economy became strong and goes up, especially in 2012, meanwhile the other Richer Countries like America, Japan, and other countries in Asia and in the whole world, but it is also a false victory, because the only reason why, the Philippines’ economy grow because of the richer countries in the world; especially the the America have some quantitative increasing that they gave to their economies that resulted to liquidity in the world that made their economy become decreased and resulted in low interest rates that was favorable for the poor economies like the Philippines. Unfortunately, if the advanced capitalist countries became fully recovered in this situation, the Philippine economy will fall again. One thing also that affects the Philippine economy is the real estate, which was the one who contributes the most in the growth of the GDP. One reason why, the Philippine economy grows because, many Filipinos; especially the OFW’s are buying real estate and construction materials because, of the low interest rates but eventually, it will not make the country prosper, because it is a small part of the economy and it did’nt contribute any forward or backward linkages in the other sectors, so most likely the whole country cannot benefit to it. While, these so called fake rising was going on, the conditions in the poorest sector was even worsening. The studies shows that the disconnection between the Economic Growth and the Foreign Investments, and the Job Generation. When the GDP in 2013 shows that it grows by 7.4%, while the FDI flows by 35.3%, on the other hand the employment rate turns out to be 0.8%. Every year the employment rate in the country falls steeply, while in reverse the unemployment rate was rising. This was because, of the low
BAMC BC 2D SocSci213
Reaction Paper: Bird Talk; Economic And Political Briefing
For the past 3 years of the Aquino administration makes the Philippines’ economy became strong and goes up, especially in 2012, meanwhile the other Richer Countries like America, Japan, and other countries in Asia and in the whole world, but it is also a false victory, because the only reason why, the Philippines’ economy grow because of the richer countries in the world; especially the the America have some quantitative increasing that they gave to their economies that resulted to liquidity in the world that made their economy become decreased and resulted in low interest rates that was favorable for the poor economies like the Philippines. Unfortunately, if the advanced capitalist countries became fully recovered in this situation, the Philippine economy will fall again. One thing also that affects the Philippine economy is the real estate, which was the one who contributes the most in the growth of the GDP. One reason why, the Philippine economy grows because, many Filipinos; especially the OFW’s are buying real estate and construction materials because, of the low interest rates but eventually, it will not make the country prosper, because it is a small part of the economy and it did’nt contribute any forward or backward linkages in the other sectors, so most likely the whole country cannot benefit to it. While, these so called fake rising was going on, the conditions in the poorest sector was even worsening. The studies shows that the disconnection between the Economic Growth and the Foreign Investments, and the Job Generation. When the GDP in 2013 shows that it grows by 7.4%, while the FDI flows by 35.3%, on the other hand the employment rate turns out to be 0.8%. Every year the employment rate in the country falls steeply, while in reverse the unemployment rate was rising. This was because, of the low