OVERVIEW
ECONOMIC CURRENT SITUTATION
PROBLEMS
-The unemployment rate last July
Unemployment 2018 was 5.4% equivalent to 2.335
million individuals.
-Poverty in recent years did
decline with 21.6% of Filipinos’ theory
Poverty living below the poverty line.
-Although the Philippines economy
continuous to grow, one-fifth of
country’s population still live
below the poverty line
-social infrastructure is more
Poor prioritized.
Infrastructure -Some projects are not necessary.
- Philippines was the 3rd highest
Heavy recipient of the migrant
dependence on remittances
remittances - Heavy dependence on
remittances leaves the country
more vulnerable to external
shocks
- Economic ground is bound to
suffer
- The economic corruption index
Issues on of the Philippines ranked down
Corruption 36
- Philippines is the 111 least
corrupt nation out of 175
countries
PROPOSED JUSTIFYING REASONS
ECONOMIC
THEORY
-Keynesianism - This theory’s goals is to stimulate - Production of goods should be
business activity and increase
employment.
Malthusian - Through the increasing
population in the Philippines
the resources need of
Filipinos’ is also increasing
which is the population
growth is infinitely stronger
than the earth’s capacity to
reproduce resources.
Utilitarianism -The betterment of the society
should be considered.
-money/budget would not be
wasted
Keynesianism - Monetary and Fiscal policy
(John Maynard - It can enhance in domestic-
Keynes) oriented growth
- It can stimulate business
activities and increase
employment
Utilitarianism - . Corruption continues to
threaten a nations potential to their transparency regarding the
survival in a multitude of ways. money transactions and access to
One bribery scandal can
significantly disrupt nation.
PLAN OF ACTIONS
increased.
- Population control.
-Preventing our population
growth by doing the preventive
checks.
- To consider what is more
beneficial to the society.
-To utilized resources properly.
- Policy of removing structural
impediments to growth has to
be adopted.
- Lesser focus on foreign
investors and exporters
- Industrialization program
- Job or employment
opportunities inside the
Philippines
The government should improve
information. They should make
programs that will enhance the
values of the majority of people.