Philippine Economy

A recap of how previous Filipino republics and administrations handled the parklandwealths parsimoniousness since the Spanish era, including their management of the economy. In the days whitherin the Philippines was under the Spanish Republic the coarse was at a thoroughly spot in Asia. Manila and Cebu were the besides European cities we were one of the best countries in Asia when it comes to trading domestically and internationally. Before, we were ever practically trading with mexico sharing our culture to them and them sharing there culture to us.The demesne was at a pricy spot but as the Americans state the Philippines was exchangeable whatsoever separate good but slow Spanish colonized economy like the economies of countries in South America that is to joint Mexico, Puerto Rico, Argentina and etc. According to an boundary Economy during the Spanish compound Period. n. page. Web. Aug. 2012. . by and by being controlled under the Spanish regime which lasted for 3 00 years, the Philippines were in a new republic under the American government. Our country one duration became a part of America.It was one of the American States yet like howdy right this instant, no matter how far they atomic number 18, they equ equal belong to the unify States. Our countrys economy before was really pump-priming. It was rising acantha again beca hire Americans knew a lot in controlling a countrys economy. They knew how to make commonwealth oftentimes productive in each of their mundane lives, they knew the importance of the face verbiage to us and they knew how to make this country moving from a good Latin country to a bustling busy city.Americans taught Filipinos how to use the telephone thats wherefore at present, as you can see, we aim PLDT, We were taught how to speak english thats wherefore like a shot, as you can see, we are now Asias most competitive english speakers. We were taught how to use the television, how to function the air c onditioner, how to operate the washing machine and etc. We were so Americanized before that in the whole Asia we were the first Asians to taste coke and thats why now, as you can see, coke has been a part of the filipino usance like having coke and bread to your visitors a way of exhibit Philippine Hospitality.Our country had a lot of investments coming from America and they built a lot of places that couldve been a major city if they were to stay here long-acting 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 growing, to a greater extent call centers, condominiums, office spaces, retail , and commercial areas are bourgeon in the place. According to an bind The Philippines Changes in the American Period . n. page. Web. . era Philippines was at peace with the Americans there came the japanese interchangeiers.They controlled our country like any other cou ntry they controlled in other parts of Asia like Malaysia Singapore, Cambodia, Vietnam, Hong Kong and Korea, they take many natural resources like gold, copper and many other metals that would suffice theyre country Japan to corroborate rich and have a good economic status. In the Japanese Era our country The Philippines, experienced on of the realnesss worst inflations. In that time everyone was struggling, striving to get hold a good life and exerting so much effort just to escape the unworthy 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 masses were busy harassing Filipino women, Americans fought back for us because they knew we had enough of it and we be peace. Surprising the Japanese, the Japanese men were preparing in case the situation have behind get real serious like in secret planning the attacks, secretly creating and formulating bombs, secretly building 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 cleanup each other mercilessly. And finally Japan declared quits. The Philippine economy was at its worst. We couldnt grab 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 plaza to recover it.Japanese people raze off 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 huge beautiful golden statue called Yamashita What a shame and to think 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 rep ublic, The Philippines finally declared independence.Philippines finally stood up on its own two feet. Former President, Gloria Macapagal Arroyos Administration, The Philippine Economy was lagging. A proof would be the GDP 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 markd after The Philippines and almost Cambodia thank God Cambodia has not been able to chase us yet because if were chased it just goes to show The Philippines is really mold and not investor friendly.We were down by then in her administration. According to Africa, Sonny. pertinacious Legacies The Economy under Gloria Macapagal-Arroyo. (2010) n. page. Web. Aug. 2012. . In The Present administration of President Noynoy Aquino, The Philippines is showing shocking results for example the GDP Growth. The 2010 GDP Growth in The Philippines primeval months were really high from 6% to 7% and to 8%. We were rea lly in a good spot.Reasons why the GDP grew that way was because of preference disbursement and if youre not familiar with election spending, it means 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 temper like the famous song that was produced and composed for him only few knew the statute title we mostly called it Nakaligo ka na ba sa dagat ng basura so back to the topic, election spending is simply politicians putting theyre whole money on the commercials and ads which would adapted to opening doors for new jobs like the employees of the printing press getting more productive, people pull up stakes get jobs for pasting theyre posters, directors, writers and producers gets more productive and more people provide be paid for talent fee. Well, those are the most common jobs when there is electio n spending there are bland real 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. choice Spending to boost GDP. (2009) n. page. Web. Aug. 2012. . As of now the Philippine GDP appendage of 2012 in the foremost quarter is 6. 4%. Shocking everyone round the world for getting the second highest rank in asia only behind China.China is graded as the highest because of the endless complex body part of condominiums which until nowstayed empty By the later on years China will experience a huge property bubble burst which means when all condominiums are built and still stayed empty, what would happen is that, businessmen will go bankrupt and money will 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 anatomical structure equa l to less people will be employed, equal to fewer people will get salary which would, in the end, equal to money not circulating near the country which would result to low GDP Growth even now, predictions for Chinas second Quarter GDP Growth are smaller than there foremost Quarter GDP Growth of 8%. This is one of Chinas big problems, they move 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 accommodate 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 say that sooner, the Philippines will get an credit rating upgrade and an investment grade. If youre not familiar with credit rating upgrade and investment grade, these are approximately 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 find 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 future the Philippines will be getting an investment grade and a credit upgrade rating. Which would likewise claim 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 roughly 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 external Monetary Fu nd (IMF) handing help to the other countries by donating dollars to the weakening countries like Greece. When The Philippines donated billions to IMF it made The Philippines more visible to everyone making businessmen think of the Philippines as a possible destination for putting up theyre future aforethought(ip) 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 making its name again and its now making a new reputation. A reputation that will forevermore change the mindsets of people around the world thinking that the Philippines is a gag Laggard Man of Asia to A Rare Bright Spot of Asia.According to an article PH NOW AN IMF CREDITOR / IMF LOAN TO HELP 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 growth Outsourcing (BPO) Industry is currently rising with so much buildings under construction for the new office spaces for call center companies expanding theyre company and for first timepiece call center companies finally entering the Philippines. A survey even showed that the Philippines still lacks office spaces.Which just goes to show that we will be expecting unalike 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 with its skyline Which is true as youve notice big cities like bleak York, Tokyo, London, and Singapore theyre skylines are beautiful and it really compliments 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 development of BPO buil dings . (2012) n. page. Web. Aug. 2012. , Dela Pena, Zennia. Filinvest acres 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 deal here and acquire how to speak english like how Americans speak the language. Most of the foreigners that come to The Philippines to study here are Koreans.Koreans decide to study here rather than in The United States because education here is cheaper and much worthy plus if you reprimand about the plane ride and the ticket price, its way cheaper and hours of traveling 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 capable at it. But you would ask where will all of these expats stay for the time that they will be studying in this countr y? 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 truly booming and when its booming that would mean the construction industry will also grow at a scurrying and plus not to mention the infrastructure projects and PPPs of the government. According to an article of wherefore foreigners study slope 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. Property boom transforming Philippine skylines. (2012) n. page. Web. Aug. 2012. . The Philippines is truly blithe with Filipino people who are so eager to work that they would leave theyre family and hit the sack ones just for the sake of earning money in order for theyre children and love ones to sustain theyre daily needs.Thanks to the abroad Filipino W orkers (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 radix 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.