The anti-poverty program that I decided to research is the Ohio Association of Second Harvest Foodbanks (OASHF). OASHF is Ohio’s largest charity that is dedicated to helping people who cannot even obtain the most basic necessities. OASHF helps provide food and money to the twelve food banks in Ohio’s eighty-eight counties.…
He also talks about economizing and incentives, as well as touching upon division of labor when talking about the economy and the impact the tax bill will have on the labor force which intern will have a positive effect on the economy. Another big focus of the article is the market equilibrium price and the net gain for the consumer while simultaneously net gain for the supplier. The article also very heavily shows just how much the political system can impact the economy for example the new tax bill which is heavily explained in the article is the governments answer to slow/reduce the country’s current debt by investing in the…
It is known that Philippine is currently facing several political, economical, and social problems. The political system and the economical status are two inseparable factors on the growth of every country, and Philippine has no stable economic status because it has no stable government. The government plays a big part in managing and regulating the functions of the economy, it also must support the poor people in its country, even the rich ones, and at least it must provide shelter and food to the poor people living there.…
To have a glance on the a report prepared by Mr. Peter Wallace in its book entitled “Does the Philippines have a Chance?” you can see the naked truth about Philippines negative side. The identified realities then hamper development of the country. These realities were very complex that intertwined with each reality. Once the one problem exists it bred other problem or simply called the domino effect. The interrelated detrimental realities maybe made Mr. Wallace to raise the question, “does the Philippines have a chance?”…
During 1960’s the Philippine economy has experienced repeated boom-and-bust cycles in the 5 decades since the nation achieved independence from the United States. In 1960s its economy ranked as the second most progressive in Asia, next to that of Japan. After 1965, when Ferdinand E. Marcos became president, the nation experienced economic problems and social unrest, especially from the 1970s, when corruption and cronyism (the practice of appointing friends to well-paid posts regardless of their qualifications) took hold. The Philippines in the late 1960s and early 1970s saw a rise student activism and civil unrest against President Ferdinand Marcos who declared martial law in 1972. The peaceful and bloodless People Power Revolution of 1986, however, brought about the ousting of Marcos and a return to democracy for the country. The period since then, however, has been marked by political instability and hampered economic productivity.…
The case under study covers the period of the 1980’s (particularly 1987) wherein the Philippine economy is experiencing difficulty due to the political turmoil.…
Planning of economic policies & their implementations are the most vital facts of a country. Overall development of a country largely depends on economic policy design & its proper implementation. Every country has its own economic policies & specific way of their implementation. But some policies are same for all countries such as Fiscal Policy, Monetary Policy, etc. Philippines, as a developing country has set various economic policies & strategies over time with a view to seeking development. In course of time it has adopted a wide variety of economic policies, many of which had long term effects (both positive and negative impacts) on the lives of its people. The crucial policies that the government of the country adopted over time are – Fiscal policy, Monetary policy, Income distribution strategy, Government policy, Tax policy, Trade policy, etc.…
Deregulation is one policy under globalization. Under deregulation the strict control of laws on big industries are enforced. One of the biggest industries being deregulated is that of…
For the purposes of this essay, the time frame 1946-1986 would be further divided into 3 segments. First would be the time from 1946 to 1949 where the effects of the Belle Trade Act were felt. Second would be from 1949-1961 when the Philippines tried Import Substitution Industrialization (ISI) and also known as the period of control and Third would be from 1962-1986 or the period of decontrol. In order to explain and understand the period from 1946 to 1949 dependency theory would be used to analyze the outcome of the Belle Trade Act. In understanding the period from 1949-1961, this paper would be using Dependency theory as well and apply the key premises of the said theory. On the other hand, Neo-Liberalism theory would be applied from the period of 1962-1986 in order to further explain the Philippine State of Development.…
The Philippines’ full year Gross Domestic Product (GDP) in 2013 grew by 7.2 percent, higher than the government’s expectations of 6 percent to 7 percent and despite several challenges that strained the economy last year (Lopez, 2014). Gross National Product in Philippines increased to 2075531 PHP Million in the fourth quarter of 2013 from 2047706 PHP Million in the third quarter of 2013 (Trading Economics, 2013). This is despite the man-made and natural calamities that brought economic stagnation on some regions of the country, like what happened in Tacloban when it was struck with super typhoon Yolanda. Philippines’ economic boom has really been jaw-dropping, and even the foreign countries get amazed and call the country as the “Asia’s rising tiger economy”.…
As President Benigno S. Aquino III assured that Philippines will remain conducive to business, the country’s economic strides haven’t escaped notice, noting the Philippines is now rated investment grade for the first time in history by three major credit rating agencies. The economy grew by a remarkable 7.8 percent in addition to countless other indicators of economic growth. As companies continue to reap the benefits of the Philippine economic revival, he expects the companies to also share the fruits of their hard works not only through philanthropic activities but also by setting the good example as citizens who fulfill their obligations. However, the pork barrel scam happening in the Philippines because of unscrupulous politicians, a.k.a. public servants, who instead of servicing the needs and aspirations of the people are working for their own selfish ambitions, sadly, this puts doubt now the much touted slogan of PNoy calling for a “tuwid na daan” or the straight path in his governance as militant groups have filed plunder complaints against Aquino, members of his Cabinet and businesswoman Janet Lim Napoles before the Office of the Ombudsman. Unfazed about the accusation and even daring the opposition to go ahead and file impeachment charges against, Aquino painted even a gloomier picture when he recently revealed that it was worst during Gloria Macapagal Arroyo’s administration.Referring to Arroyo’s administration, during his speech before the Brotherhood of Christian Businessmen and Professionals,…
No wonder, the president of the Philippines called several press conferences not for the important issues about the economy but to maintain his reputation when it comes to love life. Pertaining to his, like a coca cola, “zero”. There are a lot of news that should have been discussed like the poverty of Filipinos, the health welfare, the lack of natural resources, the increase number of population of immigrants all over the world and the high rate of unemployment.…
“Ang dating Sick Man of Asia ngayo’y punong-puno na ng sigla.”( The Sick Man of Asia is now full of life) That is how Pres. Benigno Simeon Aquino III described the economic status of the Philippines during his Third State of the Nation Address. He was indeed proud to report to his bosses the progress done by his administration to the Philippines- such as the decrease in unemployment rate, the increase in infrastructures, and the growth in investments among others. However, when the Filipino masses are asked if whether they are truly able to feel the effects of the claimed progress of Pres. Aquino, most of them would only answer that they are still sick with and of poverty.…
PATALINGHUG Competition Policy, Technology Policy, and Philippine Industrial Competitiveness Epictetus E. Patalinghug Abstract The disappointing performance of the Philippine industrial sector in the past five decades has been attributed to several factors such as the lack of a stable macroeconomic environment, poor infrastructure, low productivity, low savings rate, and an overvalued currency. This paper attempts to summarize the link between competition policy, technology policy, and industrial policy, and suggests direction for future industrial policy.…
A comparison with surveys of adult Filipinos shows that the youth consider the economy as the country's most pressing problem area, but think that they themselves can do little about it. They smoke and drink less, regard their health as good, feel happier, and are more optimistic. Yet, at the…