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Philippine economy as viewed by a college student like me nowadays is quite stable and has been growing at a steady rate because of some improvements/changes. Some of the mentioned improvements/changes would be the lower rate of unemployment as more than a million jobs were created in October 2014 regardless of the nature of the jobs; weak government spending caused by a decision of the Supreme Court which found some provisions of the DAP (Disbursement Acceleration Program) and the slow disbursement for Typhoon Yolanda reconstruction; lower government spending, investment delays and weaker exports limit economic growth to 6% in 2014 and 6.5% in 2015; eradicating poverty by not just providing the needs of the poor but also by enhancing the quality of education offered by both public and private schools nationwide; implementing health programs for the sick and also by providing inexpensive medication and offering free consultation to those who can’t afford to pay; tax policy reformation which will surely support higher investments – tax policy reform should aim for a more equitable, efficient and simpler tax system; improving transparency and accountability on the part of the government and a lot more. These are just some of the changes that Philippine Economy is experiencing at present. I may not be able to mention each and every change because this is a never-ending process which means that what’s happening in the present may still happen in the future and might have been answered already in the past. The bottom line here is that, each and every one of us has a responsibility to call our own. Thus, we cannot simply point fingers to those who are in the government and keep blaming them every time we experience nonfulfillment and dissatisfaction with the status of our economy. They may have the power and control to enforce and administer what must be done and what should not be done by the people under their governance for the development of our economy, but remember that without our initiative, willingness and cooperation to reach one and the same goal, power and control are of no use regardless of how good the leader is.

Philippine Economy

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Philippine economy as viewed by a college student like me nowadays is quite stable and has been growing at a steady rate because of some improvements/changes. Some of the mentioned improvements/changes would be the lower rate of unemployment as more than a million jobs were created in October 2014 regardless of the nature of the jobs; weak government spending caused by a decision of the Supreme Court which found some provisions of the DAP (Disbursement Acceleration Program) and the slow disbursement for Typhoon Yolanda reconstruction; lower government spending, investment delays and weaker exports limit economic growth to 6% in 2014 and 6.5% in 2015; eradicating poverty by not just providing the needs of the poor but also by enhancing the quality of education offered by both public and private schools nationwide; implementing health programs for the sick and also by providing inexpensive medication and offering free consultation to those who cant afford to pay; tax policy reformation which will surely support higher investments tax policy reform should aim for a more equitable, efficient and simpler tax system; improving transparency and accountability on the part of the government and a lot more. These are just some of the changes that Philippine Economy is experiencing at present. I may not be able to mention each and every change because this is a never-ending process which means that whats happening in the present may still happen in the future and might have been answered already in the past. The bottom line here is that, each and every one of us has a responsibility to call our own. Thus, we cannot simply point fingers to those who are in the government and keep blaming them every time we experience nonfulfillment and dissatisfaction with the status of our economy. They may have the power and control to enforce and administer what must be done and what should not be done by the people under their governance for the development of our economy, but remember that without our initiative, willingness and cooperation to reach one and the same goal, power and control are of no use regardless of how good the leader is.