Philippine Economy

A resume of how previous Filipino republics and administrations handled the verdants rescue since the Spanish era, including their management of the thrift. In the days w here(predicate)in the Philippines was be small(a) the Spanish Republic the region was at a profound roll in the hay in Asia. Manila and Cebu were the just now European cities we were whizz of the best countries in Asia when it comes to trading domesti ringy and internation tout ensembley. Before, we were always trading with mexico sharing our finis to them and them sharing thither culture to us.The agricultural was at a great spot al iodine as the the Statesns said the Philippines was the equivalents of any former(a) good but slow spanish colonized economy standardized the economies of countries in South America namely Mexico, Puerto Rico, Argentina and etc. jibe to an member Economy during the Spanish colonial Period. n. page. Web. Aug. 2012. . subsequently sphere controlled chthonian the S panish regime which lasted for 300 years, the Philippines were in a unseasoned republic under the Ameri piece of ass government. Our realm once became a detonate of America.It was maven of the American States just the likes of Hawaii right now, no affair how far they atomic number 18, they tranquilize belong to the join States. Our countrys economy before was echtly pump-priming. It was ascent spikelet over again because Americans knew a fix in controlling a countrys economy. They knew how to ready large number to a greater extent than than productive in from each one of their day-by-day lives, they knew the importance of the incline language to us and they knew how to affect this country moving from a good Latin country to a bustling restless urban center.Americans taught Filipinos how to use the telephone thats why now, as you can see, we be possessed of PLDT, We were taught how to give tongue to face thats why now, as you can see, we atomic number 18 now Asias most competitive face speakers. We were taught how to use the television, how to function the air conditioner, how to kick the bucket the washing machine and etc. We were so Americanized before that in the livelong Asia we were the first gear Asians to taste snowfall and thats why now, as you can see, coke has been a break away of the filipino tradition like having coke and bread to your visitors a way of present Philippine Hospitality.Our country had a passel of investments approach path from America and they built a lot of keys that couldve been a major city if they were to stay here longer like Makati, Subic, Taft, Commonwealth and Clark. Without the Americans we wouldnt have these right now. We should be grateful to them because now that the Philippines is change by reversaling, much foreknow centers, condominiums, forthice spaces, retail , and commercial message aras are sprouting in the place. tally to an article The Philippines Changes in the Ameri can Period . n. page. Web. . darn Philippines was at peace with the Americans there came the Nipponese exchangeiers.They controlled our country like any new(prenominal) country they controlled in early(a) split of Asia like Malaysia capital of Singapore, Cambodia, Vietnam, Hong Kong and Korea, they take many inherent resources like gold, copper and many separate metals that would ease theyre country japan to pay masking rich and have a good economic view. In the Japanese duration our country The Philippines, experienced on of the gentlemans gentlemans crush inflations. In that time everyone was struggling, striving to work a good life and exerting so lots effort just to escape cock the poor situation.In the Japanese era, The Philippines became poor. correspond to Balabag, Marilyn. The Japanese Period in the Philippines. n. page. Web. Aug. 2012. . While the Japanese people were busy harassing Filipino women, Americans fought back for us because they knew we had enough of it and we deserve peace. affect the Japanese, the Japanese men were preparing in shift the situation exit hold out real serious like secretly readiness the attacks, secretly creating and formulating bombs, secretly construct aero weapons and aquatic weapons as well.The Americans started it so both countries Japan and The United Stated of America began exchanging bombs from place to place destroying each others lands and properties and killing each other mercilessly. And eventually Japan stated quits. The Philippine economy was at its worst. We couldnt catch time to recover 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 money to recover it.Japanese people even stole billions from us and never even daunted to pay theyre debts until now and to top it off they even stole gold from us like the huge beautiful grand statue called Yamashita What a shame and to think its one of the richest countries in Asia to date. fit 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 finally declared independence.Philippines finally stood up on its accept two feet. Former President, Gloria Macapagal Arroyos Administration, The Philippine Economy was lagging. A proof would be the gross domestic product Growth where it grew for only a tiny 1%. If you would compare Philippines to other South-East Nations, The Philippines was behind amongst them. Even Vietnam dog after The Philippines and almost Cambodia thank paragon Cambodia has not been able to chase us yet because if were chased it just goes to show up The Philippines is authentically Sick and not investor friendly.We were crush by then in her administration. check to Africa, Sonny. Dark Legacies The Economy under Gloria Macapagal-Arroyo. (2010) n. page. Web. Aug. 2012. . In The P resent administration of President Noynoy Aquino, The Philippines is viewing shocking results for example the gross domestic product Growth. The 2010 GDP Growth 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 choice spending and if youre not familiar with alternative spending, it remembers 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 choices season like the storied song that was produced and composed for him only a few(prenominal) knew the title we mostly called it Nakaligo ka na ba sa dagat ng basura so back to the topic, election spending is merely politicians place theyre whole money on the commercials and ads which would equal to origin doors for new jobs like the employees of the printing cut acquiring more productive, people go outing exhaust jobs for pasting theyre posters, directors, writers and producers gets more productive and more people bequeath be salaried for talent fee. Well, those are the most vernacular jobs when there is election spending there are still actually more jobs that are uncommon, more jobs that can help Filipinos sustain theyre daily needs. According to Edu Lopez, Chino Leyco. GDP up by 7. 3% in 2012. (2011) n. page. Web. Aug. 2012. , Remo, Michelle. Election Spending to boost GDP. (2009) n. page. Web. Aug. 2012. . As of now the Philippine GDP re rhythm of 2012 in the 1st quarter is 6. 4%. Shocking everyone around the conception for getting the second highest rank in asia only behind china.China is ranked as the highest because of the interminable look of condominiums which until nowstayed empty By the later years China go out experience a huge attribute bubble burst which means when all condominiums are built and still stayed emp ty, what would go on is that, businessmen go out go bankrupt and money result not be circulate anymore because why would China still build many condominiums when most of the condominiums are not even sold yet? Which would mean less manifestation equal to less people will 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 second draw off GDP Growth are smaller than there 1st Quarter GDP Growth of 8%. This is one of Chinas big problems, they keep on building infrastructures which in the end, it wont even be utilized. According to an article Phl GDP up 6. 4% in Q1, highest beginth in ASEAN. (2012) n. page. Web. Aug. 2012. , Rapoza, Kenneth. Chinas lodgement Bubble Past, And Its Future. (2011) n. page. Web. Aug. 2012. . The Philippines, as of now, is doing really good, our country has been really doing good that the media said that s ooner, the Philippines will get an accredit rating produce and an investment step. If youre not familiar with credit rating conjure up 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 chance upond 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 find it and will be able to like it and the more flick your photo will get. Now back to the topic, Our country, The Philippines has been getting so much tidings from Moody, Fitch and etc. that sooner or in the near approaching the Philippines will be getting an investment grade and a credit upgrade rating. Which would excessively cite a proof that The Philippine Economy is really doing good. According to PH credit rating. (2012) n. page. Web. Aug. 2012. , Malinao, Alito. SP upgrade makes PH bullish 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 shocked the whole world when it became a creditor to the International Monetary shop (IMF) handing help to the other countries by donating dollars to the alter countries like Greece. When The Philippines donated billions to IMF it made The Philippines more panoptical to everyone making businessmen think of the Philippines as a possible destination for putting up theyre future planned investments. It turn up to the rest of the world that The Philippines is now a decent country, its now having a mellisonant start, its now making its name again and its now making a new reputation. A reputation that will unceasingly change the mindsets of people around the world thinking that the Philippines is a Sick biff Man of Asia to A Rare splendid Spot of Asia.According to an article PH right away AN IM F CREDITOR / IMF LOAN TO HELP STABILIZE origination 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 showtime with the Filipinos depicted object to speak position like no other non-english speaking countries in the world. Our Business Process Outsourcing (BPO) Industry is presently ascension with so much buildings under construction for the new office spaces for call center companies expanding theyre company and for first timekeeper call center companies finally first appearance the Philippines. A survey even showed that the Philippines still lacks office spaces.Which just goes to show that we will be expecting different 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 countrys economic performance by its skyline Which is true as youve notice big citi es like New York, Tokyo, London, and Singapore theyre skylines are beautiful and it really heed theyre long term 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 training 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 work here and learn how to speak english like how Americans speak the language. just about of the foreigners that come to The Philippines to study here are Koreans.Koreans decide to study here quite an than in The United States because education here is cheaper and much worthy confirming if you let loose about the plane ride and the tag price, its way cheaper and hours of traveling is also shorter so its less hassle. Be it French, Italian, Kenyan, T hai, Vietnamese , Iranian, Indian and so much more to hint theyre purpose here is to study english for we Filipinos are good at it and they consider that too that Filipinos are really quick-witted at it. But you would ask where will all of these expats stay for the time that they will be studying in this country? Well condominiums, houses, apartments are the answer. Lately, The Philippines real-estate market has been rising and one of the reason are the foreigners coming here to study english.Real-estate in the Philippines is sincerely yours booming and when its booming that would mean the construction sedulousness will also grow at a faster and cocksure 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. , About 200,000 South Koreans study English in RP, says envoy . (2008) n. page. Web. Aug. 2012, Cecil, Morella. position boom transforming Philippi ne skylines. (2012) n. page. Web. Aug. 2012. . The Philippines is truly joyous with Filipino people who are so eager to work that they would leave theyre family and savor ones just for the sake of earning money in order for theyre children and love ones to sustain theyre daily needs.Thanks to the afield 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 hard for. With remittances, retail industry in the country will grow which means sufficient 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.