The Philippines Becoming An Independent Country Analysis
Philippines becoming an independent country, after being occupied by three colonialists, was nothing but a victory and a moment of opportunity. Dr. Estanislao last August 21 had imparted his knowledge about how the country was fairing in terms of economic performance after the country became independent until present. According to him, these periods can be divided into three parts namely the post war era (1946-1966), Macros era (1966-1986) and the post-EDSA era (1986-2006). The post war era, was still a period of feudal system as well as a period of dependence to the Americans. Markets were filled with American surplus causing rent-seeking mentality. Rent seeking mentality is said to describe people’s lobbying of government to give them special
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If traders turned politicians will be out of the system, then there is a higher possibility that the government will be more objective in terms of making restrictions, calculating tariffs and what not. Perhaps, if the government would be objective and not practice old systems of loyalty and connections, then there could be an equal opportunity among traders instead of having elites dominating the market. Moreover, I think that in order to fight against graft and corruption, government officials should be given more incentives in which they wouldn’t be tempted to accept bribes. For instance in the case of Singapore, corruption is low because of these two reasons. First, government officials are well paid to the extent that bribes do not tempt nor matter to them. Second, Singapore implements strict and effective system of checks and balances. With such condition it can be derived that corruption in Singapore is almost non-occurring due to the well-paid officials. I think that this system will also work in the case of the Philippines wherein corruption is prevalent from the bottom office of the government to the high-ranking officials, and so in order to solve this they should be given proper incentives so that they would op corruption. Decreasing the rate of corruption is said to be very beneficial in the development of a country as this would encourage investors to invest given that the government is trustworthy in making all transactions and the
If traders turned politicians will be out of the system, then there is a higher possibility that the government will be more objective in terms of making restrictions, calculating tariffs and what not. Perhaps, if the government would be objective and not practice old systems of loyalty and connections, then there could be an equal opportunity among traders instead of having elites dominating the market. Moreover, I think that in order to fight against graft and corruption, government officials should be given more incentives in which they wouldn’t be tempted to accept bribes. For instance in the case of Singapore, corruption is low because of these two reasons. First, government officials are well paid to the extent that bribes do not tempt nor matter to them. Second, Singapore implements strict and effective system of checks and balances. With such condition it can be derived that corruption in Singapore is almost non-occurring due to the well-paid officials. I think that this system will also work in the case of the Philippines wherein corruption is prevalent from the bottom office of the government to the high-ranking officials, and so in order to solve this they should be given proper incentives so that they would op corruption. Decreasing the rate of corruption is said to be very beneficial in the development of a country as this would encourage investors to invest given that the government is trustworthy in making all transactions and the