Agree ako dyan Arlene… mahirap sabihin we are doing well when yung pera ngayon pakonti ng pakonti nabibili… just because there are other countries doing worse than us in other areas doesn’t mean you are better off…

 


From: [email protected] [mailto:[email protected]] On Behalf Of tribalknowledge
Sent: Friday, July 08, 2005 3:31 PM
To: [email protected]
Subject: [4c-math94] Re: The Philippines is doing very well

 

I believe that the Phils has the potential to do well.  But to say
that "The Philippines is (currently) doing very well" ...Do we
honestly believe that we can tell this statement with a straight face
to the thousands of Filipinos living in poverty?

Usually, I belong to the optimistic bunch but with what's happening
in the Philippines now...I just feel so frustrated. 

Got the following from a Newsweek's article:
http://www.msnbc.msn.com/id/8444215/site/newsweek/

The backdrop to this sordid political soap opera is a country that's
become truly bleak. Once at the vanguard of the political change that
swept the globe in the 1980s, the Philippines has turned out to be
the clown in a class of new democracies. Its economy is growing but
hamstrung by a serious debt problem, 25 percent of the population
lives in abject poverty and corruption is arguably as bad as during
the Marcos era. Perhaps the saddest measure of all is the daily
exodus. Last year the Philippines "exported" more than a million
people to work fishing boats in the Pacific, build skyscrapers in
Dubai or change nappies in places like Hong Kong and Singapore.

Ironically, even the chief architect of democratization now
perceives "a fatal flaw" in the system. In an essay published last
April, former president Corazon Aquino argued that entrenched
institutions, including the police, the courts and most ministries,
remained arrayed against change in the Philippines. "Even the best
and the brightest... could not wrestle governance out of the grips of
corruption, patronage, and inefficiency," she wrote. According to
polls by Pulse Asia, the public's trust in government has eroded
dangerously because successive administrations have failed to deliver
what average people want most—a better standard of living. Between
1990 and 2002, the average annual growth of per capita income was 1.1
percent.

The country's fiscal condition is indeed dire. Today a third of
government spending goes to servicing foreign and domestic debt
totaling $55 billion. The country's narrow tax base compounds the
problem: of the 31 million workers who are supposed to pay taxes,
fewer than a third actually do—and most of them are middle class.

The country's total population, forecast to top 85 million this year,
is growing so rapidly that it eats up much of the annual economic
gains. Even with GDP expanding at a respectable 4.6 percent clip in
the first quarter of 2005, most of the country's growth is driven by
energy exports that do little to boost employment or shrink the ranks
of the poor. Unemployment now stands at 8.9 percent. Perhaps most
disturbing: the country's middle class has atrophied as entrepreneurs
and professionals emigrate in droves to find work overseas.

With its weak institutions, rogue military (there have been eight
coup attempts since 1986) and near-continuous political turmoil, it's
fair to ask if the Philippines is a failed democracy.

Were Arroyo to resign, Vice President Noli de Castro would take the
helm. The former television news anchor was the top vote getter
nationally in his 2001 senatorial race, but he's perceived as a
lightweight who would struggle to solve the many problems facing the
Philippines. But, then, so has just about everybody else.


--- In [email protected], [EMAIL PROTECTED] wrote:
>




Ask our other classmates to subscribe, tell them to send an email to:
[EMAIL PROTECTED]







Ask our other classmates to subscribe, tell them to send an email to:
[EMAIL PROTECTED]







YAHOO! GROUPS LINKS




Reply via email to