Economic analysis of government policies, investment climate and political risk. Philippines - Economic analysis of government policies, investment climate and political risk. THE. Mc. KEEVER INSTITUTEOF. ECONOMIC POLICY. PHILIPPINES: Economic Policy Analysis. This site presents an analysis of the Philippine government's economic policies. Kara Chua Olegario with the Mc. Keever. Institute of Economic Policy Analysis (MIEPA) in Fall 2. To read the analysis. To learn more about the background policies. Introduction and Policy Recommendations. To learn more about MIEPA, click here Return. MIEPA's Home Page. The study is by Kara Chua Olegario, a Philippine native who currently . The. ratings herein are based on the following rating scale. Perfect Facilitation of Wealth Creation. Midway between Perfect and Neutral. Neutral Effect on Wealth Creation. Midway between Neutral and Obstructionist. Perfectly Obstructionist to Wealth Creation.
The men trained their assault rifles on the driver. After being detained for days at a Danish school, a group of about 300 refugees and migrants escaped on Wednesday morning, and about half of those began a march down the highway toward Sweden.Ref. Used herein with permission. Freedom from internal control 5. Philippines is a democratic country, which means that all eligible citizens have an equal say in the decisions that affect their lives and sometimes this democracy is being abused. Democracy allows Filipino people to participate equally either directly or through elected representatives in the proposal, development, and creation of laws. It encompasses social, economic and cultural conditions that enable the free and equal practice of determination. This freedom allows entrepreneurs to take risk in opening a new enterprise. Philippines is a country that totally encourages opening a new business. Freedom of speech 4. Article 3, Section 4 of the Philippine Constitution prohibits any law that abridges the freedom of speech, of the press or the right to peaceful public assembly. So, therefore, Filipino people can express themselves freely. A free flow of ideas to create jobs is not a problem for as long as the Speech does not incites lawless conduct, so- called fighting words (words that provoke physical retaliation), libelous or defamatory speech, and obscenity can legitimately be prohibited or punished by the government. There are a lot of people that are protesting against any issues which means that Filipino people are able to express themselves, ideas and anything they want to be voiced out. Although sometimes it turns out to be a violent protest and people get hurt in over exercising their freedom of speech. Effective, fair police force 1. Philippine National Police, sad to say has a bad reputation for treating Filipino people unequally. They treat rich people differently from the poor and manipulated by corrupt officials . They are the law enforcer as well as the law breaker. The Philippine National Police abbreviated as PNP is the national police force of the Republic of the Philippines. Missions are to enforce the law, prevent and control crimes, maintain peace and order, and ensure public safety and internal security with the active support of the community. Private property 2. The Philippines has been weak in all categories in the scorecard of an international ratings agency that assessed strides the country has made in developing the local private property markets. The country is weak in advancing property rights, and financial transparency and appropriate regulations on private property transactions. Although property rights are guaranteed by the Philippine constitution, laws and policies that support them are problematic in practice. Corruption is the main problem of why Philippines have a low score (3. These included overpricing of land sold to developers, bribes arising from cumbersome and multi- layered bureaucratic red tape that include 3. Commercial banks 4. Banking system in this country is good and actively finances business ventures as well as their non- business activities. The Philippines has a comprehensive banking system encompassing various types of banks, from large universal banks including Bank of America, Citibank ,JP Morgan Chase to small rural banks and even non- banks. As at 3. 1 March 2. Central Bank of the Philippines under Republic Act No. Communication system 4. The Philippines has a sophisticated cellular phone industry and a high concentration of users. As of 2. 00. 8, there are about 6. Philippines. The Philippine Long Distance Telephone Company commonly known as PLDT is the leading telecommunications provider. It is also the largest company in the country. There are approximately 3. AM and 6. 59 FM radio stations and 2. Estimates for internet penetration in the Philippines vary widely ranging from a low of 2. Social networking and watching videos are among the most frequent internet activities. Transportation 3. The transportation infrastructure in the country is relatively underdeveloped. Partly this is due to the mountainous terrain and the scattered geography of the islands, but it is also the result of the government's persistent underinvestment in infrastructure. Nevertheless there are many ways to get around, especially in urban areas. Buses, jeepneys, taxis, and motorized tricycles are commonly available in major cities and towns. Train services are provided by three main railway networks that serve different areas of Metro Manila and parts of Luzon. As an archipelago, inter- island travel via watercraft and aircraft (Philippine airlines and Cebu pacific are the most popular) are necessary. Education 2. 0. The National Statistics Office reports a simple literacy rate of 9. Literacy is about equal for males and females. Spending for education is around 2. GDP. According to some observers, the Department of Education Culture and Sports (DECS) in the Philippines is one of the most corrupt government entities in the country. This corruption leads to poor allocation of resources. Teachers are underpaid and treated poorly. But graft and corruption are not the only issues; Poverty is a cycle that leads traps generations of families. Some children chose to work and help their family than go to school. A small percentage of the population is very wealthy while the majority of the people are very poor. The richest 1. 0% of the population share over one third of the wealth while the poorest 1. Although the government should be tasked to help uplift the lives of the poor, the poor themselves should also strive harder to make money and that is what some poor Filipino people are doing. They work hard for their education even if it means that they have to work part time while studying. Some are lucky enough to get some scholarships. It is very possible for poor Filipino to uplift their lives if there is hard work, determination and perseverance. Though it might not be easy compared to being born rich it is up to them to make a decision. Freedom from outside control 5. Philippine Independence was proclaimed on June 1. Cavite at the ancestral home of General Emilio Aguinaldo some 3. South of Manila. Filipino citizens are free from control by any agency of any other country. Filipino citizens are only subject to the laws of the Philippines. Protection of Domestic Enterprise 2. Philippines is currently the 3. U. S. In 2. 00. 8, Philippines had 4. U. S. Main factors that drove down the deficits are exports of private commercial services to the Philippines and U. S. Two years ago, the simple average bound tariff was 2. Philippine Tariff Commission. The Filipino government bounded all of its agricultural tariffs and less than 2/3 of its non- agricultural tariff lines; Products such as autos, chemicals, plastics, textiles, clothing, fish, and paper products. Filipino citizen. Sadly, more than 4. Philippines is owned by foreigners. Philippines exports were worth 4. Million USD in June of 2. Imports were worth 5. Million USD in June of 2. Philippines reported a trade deficit equivalent to 7. Million USD in June of 2. Philippines experienced trade deficit or unfavorable balance of trade because Philippines total imports exceeds the value of its total exports. Foreign currency transactions 5. Business owners in the Philippines do not spend too much time changing currencies. Philippines is a country where government require that only domestic currency or the Philippine peso is the only currency used, one exception is the airport where dollars are accepted. Tourist and businessman must convert their money to the domestic currency before visiting or conduct business in the country. This creates a single currency and help government conduct fiscal and monetary policy. Border Control 1. The Bureau of Immigration and the Bureau of Customs acts as the border control in the Philippines. The bureau of immigration’s main function is to Regulates the entry, stay, and exit of foreign nationals in the country and monitors the entry and exit of Filipino citizens, in compliance with Philippine laws and other legal procedures. While bureau of custom’s main function is to monitor and regulates the exports and imports of the country. Bureau of customs is known to be very corrupt. It accepts bribe from smugglers which means that smugglers and criminals take advantage of the country. There are a lot of illegal smugglers in the Philippines that drains money from legitimate businesses and reduces job creation. And they are also known to steal things from people. Currency 5. 0. The peso is the only government approved currency of the Philippines. It is subdivided into 1. The coins and banknotes are made at the Security Plant Complex of the Bangko Sentral ng Pilipinas (the central bank of the republic of the Philippines). Because the country use a single currency it encourages commerce within the country . U. S Dollar is also popular ,but not widely used except in airports. Cultural, language Homogeneity 4. Filipinos are a relatively homogeneous population, with the important exceptions of the Muslim minority on Mindanao and in Sulu and southern Palawan provinces, and the upland tribal minorities sprinkled throughout the islands.
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