second reaction paper

This is my economic issue: http://business.inquirer.net/36381/philippine-economy-faces-growth-threats-in-2012

UNITED WE STAND . . . DIVIDED WE FALL?

( A reaction paper )

                The Philippines is known to be one of those countries who have powerful allies namely the USA as an example. The foreign relationship between the Philippines and its allies is being used as one of our country’s mean to increase our economic abundance by way of promoting tourism, OFW remittances and investments. And from the words of the central bank governor Armando Tetangco, the economic rise of our allies also is our rise. But what if they fall, does it pertain our economic deterioration?

                In some point, the gradual fall of our allies could be used by the Philippines to step up and take its chances to be the provider and leave its parasitic role on its allies. Yes I find the Philippine economy to be parasitic as it pre-dominantly depends on what their allies could give them, not on what the Philippines could give on their allies. On the other hand, if the fall of these allied countries continues to gain economic crisis, we could also be receiving some shrapnel and impact. We have been always in the tail of the domino so the fall of our head is also somehow our fall. Why? Simply because of the fact that these countries were our top investors, in these countries we have OFW remittances that will surely depreciate due to what is considered to be economic crisis, and these countries are our top salesmen talking about our tourism industry. So we could not surely say that we will fall dividedly.

                Their fall is not so good to pay attention to but if it is my opinion to be heard, I could capitalized their fall to unveil independence and also to step up as the country to depend upon and not the dependent one. We could invest in them and we can even lend them funds, yes we can do that if we try to consider our resources and our capacity in terms if monetary issues. But first we should settle on the top of our priority on the issues inside our country. Let’s love and help our own first before we could extend our hands to others for us to be an effective aide to their problems.

 This is where I based my personal reaction below. . 

http://www.newsflash.org/2004/02/be/be004476.htm

      

WHAT IS DONE AND WHAT IS GONE...

( A personal reaction )

             I have been in the struggle to construe the thought of the figures such as numbers and percentage to words and vice versa. But the approach of this article doesn’t bother me much in interpreting the thought of numbers to words. What the figures are telling us is that a massive number in the Philippine population is unemployed, that’s it. In every issue there will always be two sides, the positive side and the negative side. Well I’ll try to converse to what I see is a rare positive side of this issue. I could only think of one positive thing in the reflection of this issue which requires one to extend beyond the horizon of his or her way of thinking. The information itself is a positive one. I haven’t recognized the voice of this article to be sarcastic. It’s an information drive instead. To discourage is not the purpose yet to be well – informed of how the employment rate in the Philippines takes its own bumpy route.

                All of the figures being shown in the article were based from the surveys being conducted by well respected SWS polls and surveys. In short it is accurate and credible, isn’t it? Considering the credibility of these polls and surveys, it saddened me as a student and a future job seeker. Much more than the sadness is the fear to face the possibility to be part of the 9.7 million unemployed Filipinos. Can we consider government corruption as an element of existence in this unemployment issue? A YES is not hard to say right? The government can provide jobs; they have the means to do it. The means are still to be done but the budgets are already gone, that’s a fact. How come that those who have a bachelor degree, at least, can’t find a job where there are companies that only require a high school degree. The reason of this paradox may pin point to our corrupt government officials. Supposedly the higher the degree of a person is having, he or she is entitled for a higher salary if employed compared to those who only gain the minimum salary amount; that is according to my own logic. The logic that I have just presented may have seen by the corrupt minds of some government officials. Why keep on hiring those people that requires you to pay a higher salary rate if you can hire those people of a low salary rate. They are not after of the development of our country, it is them and their assets to be developed first. 

            Well for some private companies, fortunately, are not thinking that way. My point is, if the percentage of the corruption in the Philippines will get low then the unemployment rate will get low as well. If i would share my view especially in the way/s to make the unemployment rate’s percentage get low, I could only advocate the honesty and loyalty as far as our government officials and the employers are concern. What is yet to be done is the government’s beneficial use of their power and what is already gone is the money and the budget itself.