We use to say that Chinese product are substandard

Bakit mayaman ang Tsina dahil ang china ay magaling gumawa ng maramihan at murang produckto

Pano tayo yayaman ngayon kung ikaw bumibili tayo nito aalis ang pera natin paano ang mga ofw na
tratrabaho sa ibang bansa

Zimbabwe umabot na ng trilyion ang kanilang pera dahil sa kabobohan ng kanilang presidente hindi,
noon sa hapon mas mahal pa ang papel kaysa sa p era.

Kaya nga ang sinabi ko

Alam moba ang industriya ng sapatos sa Marikina ay nawala dahil nga sapag angkat ng mas murang
sapatos na gawa ng china kaya hindi lng tayo nawala ng sanay ng sining na parate ng ng ating kultura
nawalan rin ng trabaho an gating mga sapatero at katad o leather na ginagamit sa sapatos.

The country’s central bank could not even afford the paper on which to print its
worthless trillion-dollar notes. President Mugabe issued edicts to ban price rises,
of comedic value were it not for the devastation that hyperinflation wrought upon
the people. The miserably low savings and incomes of the impoverished
population were wiped out; shopkeepers would frequently double prices between
the morning and afternoon, leaving workers’ pay almost valueless by the end of
the day.

In 2009 the government scrapped the currency, leaving US dollars and South
African rand as the main notes and coins in circulation. To this day, Zimbabwe
still has no currency of its own, although the government last year offered to swap
old deposit accounts into US dollars, giving savers $5 for each 175 quadrillion
(175,000,000,000,000,000) Zimbabwean dollars.

In an extraordinary irony, Zimbabwe now suffers among the world’s worst

deflation, currently at -2.3%.
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Maga ndang Hapon sa inyong lahat. Ako po ay naririto upang
paglinganin ang inyong mga kaisipan ukol sa LIBERALISASYON NG PAG-
AANGKAT o Import Liberalization. Magandang pakinggan ang salitang
‘Imported’, tunog mayaman. Alam niyo ho ba na pag tayo ay umaangkat
ng mga bagay sa labas ng bansa, umaalis ang pera sa ating ekonomiya?
Mas malaki ng APAT NAPUT ISANG BILYONG DOLYAR ang ating inangkat
MULA sa ibang bansa kaysa inangkat natin sa ibang bansa noong
nakaraang taon, ayon sa NSA (National Statistics Authority). Ganun ho
kalaki ang perang lumabas sa ekonomiya ng ating bansa. Kung
isasabatas po ang Import Liberalization baka… baka lalo hong lalaki ang
ating “Trade deficit”. Naaalala niyo pa ho ba ang industriya ng sapatos
sa Marikina? Baka hindi na o baka hindi na habambuhay dahil ito’y unti-
unti nang nawala. Isang biktima ng importasyon ng mas murang sapatos
na galing Tsina. Oo, nakamura ka nga ng sapatos, pero nawalan naman
ng hanapbuhay at trabaho ang kapwa mong Pilipino, at nawalan tayo ng
kultura – sining ng paggawa ng sapatos na tatak Pilipino. Sa panahon
ngayon, usap-usapan ang pag-aangkat ng bigas mula sa labas ng bansa.
Parang industriya lang natin ng sapatos. Mas murang bigas pero
ikalulugi naman ito ng ating mga magsasaka dahil hindi nila maibenta sa
halagang sapat sa kanilang inigugol na pera, oras at hirap sa sakahan.
Nakakain ka nga ng mas murang bigas, ngunit wala namang makain ang
nagpapatubo ng iyong pagkain. Pinapahirapan mo lang ang kapwa
mong Pilipino. Ganoon na ba tayong mga Pilipino ngayon, makasarili?
Yun lang ho ang aking hinaing, maraming salamat sa pakikinig.
Most of these money will be spent for the livelihood of millions family in the country,
meaning, it should stimulate the economy. More expenditures by the people, more taxes will
be paid to the government, and I am not sure where the Value Added Tax, service charge,
and other taxes will go. Why is it then, that the whole country is still having a very high
poverty level? It is because 99.8% of elected and high ranking government officials, are
CORRUPT. Politics in the country is a very profitable business, because the money they
spend during campaign will be returned million times, meaning the Return Of Investment
(ROI) is the healthiest business venture in the world.

OFW remittances jump to $21 billion– lawmaker

Jess Diaz (The Philippine Star) - December 16, 2018 - 12:00am
MANILA, Philippines — The amount of money millions of overseas Filipino workers
(OFWs) are sending home to their families is increasing and has reached more than
$21 billion (more than P1 trillion), the lone representative of OFWs in Congress said
yesterday.

Citing Bangko Sentral ng Pilipinas data, Rep. John Bertiz of party-list group ACTS-OFW
said total remittances in the first nine months of the year amounted to $21.3 billion, up
by 2.5 percent from $20.7 billion in the same period in 2017.

He said migrant workers’ remittances continue to contribute significantly to economic

growth.

He said Saudi Arabia is still one of the biggest sources of remittances, though the
amount went down due to a decrease in deployment because of “Saudization.”

“Saudization simply means that certain job openings in Saudi Arabia previously
available to foreigners, including Filipinos, may no longer be there because these are
now being reserved for (Saudi) nationals,” Bertiz added.

He noted a projection from the Department of Labor and Employment that deployment
to the oil-rich kingdom would go down by 30 percent.

Due to the slowdown, he said the amount of remittances from OFWs in Saudi Arabia in
the first nine months of the year fell to $1.662 billion from $1.894 billion in the same
period last year.

“While Saudi Arabia’s labor market is shrinking, the demand for Filipino workers in other
parts of the globe – in Asia, North America and Europe – continues to expand,” he said.

He said some 1.9 million Filipinos would be deployed all over the world this year.
MANILA – Decades of liberalization of agriculture did not bring development but losses in agriculture and
further impoverishment of Filipino farmers.

This, in gist, is the analysis of economist Jose Enriquez Africa on the impact of the liberalization of
agriculture on the Philippine economy.

In a forum organized by the Kilusang Magbubukid ng Pilipinas (KMP) and Resistance and Solidarity
Against Agrochemical TNCs (RESIST), Africa, executive director of independent think-tank Ibon
Foundation, discussed how free market policies worsened rural poverty.

Trade liberalization has resulted in the reduction of tariffs, or taxes imposed on imports, over the years.
Africa said that the period between 1981 and 1994 registered the highest decrease in tariffs. From the
average 42 percent tariff of imports in 1981 to 1985, it was reduced to 28 percent in 1991 and decreased
further to 20 percent in 1994. In fact, Africa said, the World Trade Organization (WTO), which was formed
in 1995, merely consolidated these tariff reforms.

By 1996, in compliance with the WTO, the tariff was pegged at 9.7 percent then down to 7.8 percent in
2006 and 6.1 percent in 2011. Today, tariff on imported agricultural products is only 8.7 percent.

Reducing tariffs, Africa pointed out, removes the protection on the local economy.

Add to this the low subsidy for farmers. Africa said only 5.9 percent of the national budget goes to
agriculture, which includes compensation for landlords for lands placed under agrarian reform.

It is thus not surprising that Philippine agriculture has declined over the years. From the 22.6 percent
share of agriculture, fishery and forestry to the national economy between 1990 and 1994, it went down to
16.8 percent in 2010.

Africa said that the WTO’s promise of additional millions of jobs in agriculture was proven false. From
1994, before the Philippines entered the WTO, there were 11.3 million jobs in agriculture, Africa said. By
2012, there were 12.1 million jobs. Africa added that in five regions – Davao, Bicol, Caraga, Eastern
Visayas and Northern Mindanao – some 693,000 jobs were lost in agriculture.

Over the years, wages of farm workers have fallen. While the nominal wage in 1995 was P92 ($2.13) and
in 2011 was P207 ($4.80), the real wages in 1995 was P126 ($2.92) and in 2011 was only P122 ($2.82).

According to the government’s latest poverty data in 2009, national poverty rate was at 27 percent.
Farmers and fisherfolk were poorer, at the rate of 37 percent and 44 percent respectively. Africa said that
Ibon estimates, using the same data from the National Statistics Office, the national poverty rate at 70
percent and rural poverty rate between 75 percent and 90 percent.

For how can local farmers compete with imported agricultural products?

The food import dependency of the Philippines, an agricultural country, increased in a span of 18 years,
from pre-WTO in 1994 to 2010. Data culled by Ibon from the Bureau of Agricultural Statistics showed that
in 1994, only four-percent of the rice supply were imported, but in 2010, imported rice accounted for 19
percent of the rice supply. The list below shows the increasing importation of food.
The country’s central bank could not even afford the paper on which to print its worthless
trillion-dollar notes. President Mugabe issued edicts to ban price rises, of comedic value were it
not for the devastation that hyperinflation wrought upon the people. The miserably low savings
and incomes of the impoverished population were wiped out; shopkeepers would frequently
double prices between the morning and afternoon, leaving workers’ pay almost valueless by the
end of the day.

In 2009 the government scrapped the currency, leaving US dollars and South African rand as
the main notes and coins in circulation. To this day, Zimbabwe still has no currency of its own,
although the government last year offered to swap old deposit accounts into US dollars, giving
savers $5 for each 175 quadrillion (175,000,000,000,000,000) Zimbabwean dollars.

In an extraordinary irony, Zimbabwe now suffers among the world’s worst deflation, currently at
-2.3%.
This article contains affiliate links, which means we may earn a small commission if a reader clicks through and makes a purchase. All our journalism is independent and is in no way influenced by any advertiser or commercial
initiative. By clicking on an affiliate link, you accept that third-party cookies will be set. More information.