Philippine Economy

A recap of how previous Philippine democracys and governances handled the commonwealths providence since the Spanish era, including their manage becomeforcet of the economy. In the days w here(predicate)(predicate)in the Filipinos was infra the Spanish res publica the democracy was at a groovy spot in Asia. Manila and Cebu were the unaccompanied European cities we were one of the best countries in Asia when it flows to barter domestic alto beat uphery and internationally. Before, we were always trading with mexico sharing our culture to them and them sharing in that location culture to us.The unpolished was at a unspoiled spot but as the the Statesns said the Philippines was constitute any former(a) unspoilt but slow Spanish colonized economy exchange suitable the economies of countries in South America namely Mexico, Puerto Rico, genus Argentina and and so on consort to an bind prudence during the Spanish Colonial Period. n. page. Web. Aug. 2012. . After existence controlled under the Spanish regime which lasted for ccc days, the Philippines were in a freshly republic under the American government. Our artless at one age became a part of America.It was one of the American States scarcely c atomic number 18 Hawaii mightily immediately, no matter how far they atomic number 18, they legato belong to the unify States. Our regions economy beforehand was rattling pump-priming. It was rising back again because Americans knew a grass in unconditional a countrys economy. They knew how to make pot to a greater extent than productive in from each one of their day by day lives, they knew the importance of the face language to us and they knew how to make this country moving from a unspoiled Latin country to a bustling cross city.Americans taught Filipinos how to use the scream thats why directly, as you can see, we read PLDT, We were taught how to converse english thats why instantly, as you can see, we are no w Asias close-fittingly competitive english speakers. We were taught how to use the television, how to persist the air conditioner, how to operate the washing shape and etc. We were so Americanized before that in the whole Asia we were the first Asians to taste bump and thats why now, as you can see, blow has been a part of the filipino impost equivalent having coke and bread to your visitors a way of constituteing Philippine Hospitality.Our country had a solidifying of investments coming from America and they make a lot of places that couldve been a major city if they were to collar here longer same Makati, Subic, Taft, Commonwealth and Clark. Without the Americans we wouldnt hasten these right now. We should be grateful to them because now that the Philippines is growing, to a greater extent call meanss, condominiums, office spaces, sell , and commercialised areas are sprouting in the place. According to an article The Philippines Changes in the American Period . n. page. Web. . While Philippines was at tranquillity with the Americans on that point came the Japanese soldiers.They controlled our country give care any some former(a) country they controlled in other parts of Asia wish Malaysia Singapore, Cambodia, Vietnam, Hong Kong and Korea, they take legion(predicate) natural resources wish gold, strapper and many other metals that would help theyre country Japan to get rich and fox a good frugal status. In the Japanese Era our country The Philippines, experience on of the terra firmas worst inflations. In that time everyone was struggling, striving to get a good life and exerting so much endeavour just to escape the poor situation.In the Japanese era, The Philippines became poor. According to Balabag, Marilyn. The Japanese Period in the Philippines. n. page. Web. Aug. 2012. . While the Japanese large number were busy harassing Filipino women, Americans fought back for us because they knew we had enough of it and we des erve peace. Surprising the Japanese, the Japanese men were preparing in case the situation pull up stakes get real serious bid on the Q.T. planning the attacks, secretly creating and formulating bombs, secretly physiqueing aero weapons and aquatic weapons as well.The Americans started it so both countries Japan and The United verbalise of America began exchanging bombs from place to place destroying each others lands and properties and killing each other merci slightly. And stock-stilltually Japan declared quits. The Philippine economy was at its worst. We couldnt grab time to receive our countrys economy, our precious structures were being affected with all the bombs and missiles that soldiers threw on causing a lot of damage and cash to recover it.Japanese spate even take billions from us and never even bothered to pay theyre debts until now and to top it off they even stole gold from us like the considerable better-looking golden statue called Yamashita What a compa ssion and to signify its one of the richest countries in Asia to date. According to Jess Chin, Carlos Gavino. The Philippines-American/Japanese War. n. page. Web. Aug. 2012. . After being under the Spanish, American, and Japanese republic, The Philippines in the end declared independence.Philippines finally stood up on its own cardinal feet. Former President, Gloria Macapagal Arroyos Administration, The Philippine preservation was lagging. A proof would be the gross domestic product egress where it grew for only a tiny 1%. If you would compare Philippines to other South-East Nations, The Philippines was cigarette amongst them. Even Vietnam trail after The Philippines and just about Cambodia thank God Cambodia has non been able to chase us yet because if were chased it just goes to show The Philippines is really barf and not investor friendly.We were down by so in her administration. According to Africa, Sonny. Dark Legacies The Economy under Gloria Macapagal-Arroyo. (20 10) n. page. Web. Aug. 2012. . In The Present administration of President Noynoy Aquino, The Philippines is showing shocking results for instance the gross domestic product result. The 2010 gross domestic product offset in The Philippines early months were really high from 6% to 7% and to 8%. We were really in a good spot.Reasons why the GDP grew that way was because of alternative disbursal and if youre not familiar with election spending, it signifys that politicians spending so much money for ads and commercial for them for example Manny Villar, and by the way I chose Manny Villar because in my own opinion, I think Manny Villar had the most ads and commercial in the elections succession like the famous song that was produced and sedate for him only few knew the title we in general called it Nakaligo ka na ba sa dagat ng basura so back to the topic, election spending is obviously politicians putting theyre whole money on the commercials and ads which would equal to openin g doors for new jobs like the employees of the printing press get to a greater extent productive, people bequeath get jobs for pasting theyre posters, directors, writers and producers gets more(prenominal) productive and more people leave alone be paid for talent fee. Well, those are the most common jobs when there is election spending there are however actually more jobs that are uncommon, more jobs that can help Filipinos sustain theyre insouciant needs. According to Edu Lopez, Chino Leyco. GDP up by 7. 3% in 2012. (2011) n. page. Web. Aug. 2012. , Remo, Michelle. Election disbursal to boost GDP. (2009) n. page. Web. Aug. 2012. . As of now the Philippine GDP ingathering of 2012 in the beginning(a) quarter is 6. 4%. Shocking everyone nearly the world for getting the second highest invest in asia only behind China.China is bedded as the highest because of the endless gimmick of condominiums which until nowstayed empty By the later years China exit experience a huge p roperty bubble stand up which means when all condominiums are built and still stayed empty, what would happen is that, businessmen go out go bankrupt and money impart not be circulating anymore because why would China still build many condominiums when most of the condominiums are not even sold yet? Which would mean less construction equal to less people pull up stakes be employed, equal to fewer people will get salary which would, in the end, equal to money not circulating around the country which would result to low GDP Growth even now, predictions for Chinas 2nd Quarter GDP Growth are smaller than there 1st Quarter GDP Growth of 8%. This is one of Chinas big problems, they glide by on building infrastructures which in the end, it wont even be utilized. According to an article Phl GDP up 6. 4% in Q1, highest growth in ASEAN. (2012) n. page. Web. Aug. 2012. , Rapoza, Kenneth. Chinas Housing Bubble Past, And Its Future. (2011) n. page. Web. Aug. 2012. . The Philippines, as o f now, is doing really good, our country has been really doing good that the media said that sooner, the Philippines will get an course honorable book of facts rating gain and an investment grade. If youre not familiar with credit rating hike and investment grade, these are somewhat like badges for countries interpreting how investor-friendly we are. If we get an investment upgrade than we will get noticed by investors easily and would mean the more investments this country will receive. To make it easier its like pasting more hashtags on an instagram photo.The more hash tags, the more people can easily fancy it and will be able to like it and the more exposure your photo will get. Now back to the topic, Our country, The Philippines has been getting so much news from Moody, Fitch and etc. that sooner or in the near next the Philippines will be getting an investment grade and a credit upgrade rating. Which would also cite a proof that The Philippine Economy is really doing goo d. According to PH credit rating. (2012) n. page. Web. Aug. 2012. , Malinao, Alito. SP upgrade makes PH optimistic about economy. (2012) n. page. Web. Aug. 2012. , Raquel, Nick. PHL economy shows signs of credit boom, says Fitch. (2012) n. page. Web. Aug. 2012.The Philippines blow out of the water the whole world when it became a creditor to the multinational Monetary Fund (IMF) handing help to the other countries by donating dollars to the weakening countries like Greece. When The Philippines donated billions to IMF it make The Philippines more visible to everyone devising businessmen think of the Philippines as a mathematical destination for putting up theyre prox planned investments. It proved to the rest of the world that The Philippines is now a decent country, its now having a fresh start, its now fashioning its name again and its now making a new spirit. A reputation that will forever change the mindsets of people around the world thinking that the Philippines is a Sick Laggard Man of Asia to A Rare Bright Spot of Asia.According to an article PH NOW AN IMF CREDITOR / IMF LOAN TO abet STABILIZE WORLD ECONOMY. (2012) n. page. Web. Aug. 2012. . In the future well be expecting more good things to come because as of now, we have a lot of positive outlooks beginning with the Filipinos capacity to speak english like no other non-english speaking countries in the world. Our Business physical process Outsourcing (BPO) Industry is currently rising with so much buildings under construction for the new office spaces for call center companies expanding theyre corporation and for first timer call center companies finally entering the Philippines. A contemplate even showed that the Philippines still lacks office spaces.Which just goes to show that we will be expecting various skylines in the future especially with Manila, Clark, Cebu and Davao that would show the countrys richness and status just like what they say, You can simply estimate the country s economic performance through its skyline Which is authorized as youve notice big cities like New York, Tokyo, London, and Singapore theyre skylines are beautiful and it really compliments theyre long bourn economic status. According to Dela Pena, Zennia. Eton ramps up construction of new BPO buildings . (2011) n. page. Web. Aug. 2012. , Dela Pena, Zennia. SMDC mulls development of BPO buildings . (2012) n. page. Web. Aug. 2012. , Dela Pena, Zennia. Filinvest Land ramps up new BPO buildings . (2011) n. page. Web. Aug. 2012. . The Filipinos capacity to speak english so fluently led many foreigners from around the world to report card here and learn how to speak english like how Americans speak the language. Most of the foreigners that come to The Philippines to psychoanalyze here are Koreans.Koreans decide to composition here rather than in The United States because education here is cheaper and much noteworthy plus if you talk about the glance over ride and the ticket pr ice, its way cheaper and hours of travel is also shorter so its less hassle. Be it French, Italian, Kenyan, Thai, Vietnamese , Iranian, Indian and so much more to mention theyre purpose here is to study english for we Filipinos are good at it and they believe that too that Filipinos are really talented at it. solely you would ask where will all of these expats stay for the time that they will be perusal in this country? Well condominiums, houses, apartments are the answer. Lately, The Philippines real-estate market has been rising and one of the fence are the foreigners coming here to study english.Real-estate in the Philippines is truly well-situated and when its booming that would mean the construction industry will also grow at a faster and plus not to mention the infrastructure projects and PPPs of the government. According to an article of why foreigners study English in the Philippines. (2006) n. page. Web. Aug. 2012. , near 200,000 South Koreans study English in RP, say s envoy . (2008) n. page. Web. Aug. 2012, Cecil, Morella. Property boom transforming Philippine skylines. (2012) n. page. Web. Aug. 2012. . The Philippines is truly blessed with Filipino people who are so eager to work that they would leave theyre family and savour ones just for the interest group of earning money in order for theyre children and love ones to sustain theyre daily needs.Thanks to the Overseas Filipino Workers (OFW) The Philippines has been receiving money or shall we say remittances from them. Remittances are a plus for the country because its like receiving money from other countries and would equal to adding up the circulation of money in the country from a base of billions, it would turn to trillions thanks to remittances that OFWs worked heavily for. With remittances, retail industry in the country will grow which means adapted salary for employees in shops and around and again it circulates which means economic performance will improve. According to Remo, Michelle. Overseas Filipino remittances up by 5% to P10 B in 1st half. (2012) n. page. Web. Aug. 2012.