By Bayawanon
A former teacher of mine would tell me "what's in the economy? If the problems of drugs and criminality will be solved, everything will simply follow". Now there is so much focus about solving drugs and criminality but alas our economy is moving like a turtle and what's worse is it is going downward spiral. Now, with the almost complete obliteration of drugs, criminality and corruption, the economy is still going down south, I believe that the solution to criminality, drugs and corruption is not the same solution to our economic woes.
Of course the anti-thesis to criminality, drugs and corruption can be a factor for a country to pole vault economically but it is not the only reason why a country would be progressive, things like foreign relations and economic policy of a great leader have also major roles for a country to be economically vibrant. In connection to this, the recent economic disruption like the poor showing of the Philippine Stock Exchange and the depreciation of the Philippine peso cannot simply be solved by means of policing the criminals, corrupts, drug addicts and the drug pushers but also to improve the fiscal/economic policy and foreign policy of the supreme leader of the country.
Why would the economic and foreign policy of the chief executive of the land matter in economic development? You just imagine if the greatest leader of a certain country is a trouble maker, will it follow that foreign investors would invest in the thriving businesses of the country? Of course not, if the chief of all leaders of a country looks for trouble internationally, then the foreign capitals of foreign businessmen won't come in since there is a sign of economic uncertainty that may probably happen for the plain and simple reason that the supreme leader of the land is very hostile to some members of the international community where some of the future investors belong.
How could the foreign investors of great countries invest in the Philippines if the number one operator of our country is like a hawk who is trying to sow unfriendliness if not hostilities to other countries which we think can succor us in times of distress? The United States is the number one economy in the world and we cannot do with it but to accept that fact that it can be a great trading partner of the Philippines. The European Union where the other top ten economies of the world belong like Germany, Great Britain, France and Italy cannot also be taken for granted since it also plays a major role in world economy.
The economic policy of the former administration must stay if not improved if its working soundly, it must not be obliterated because "we don't have to destroy in order to build". An administration must have a tax plan which is pro-poor and not pro-management or pro-capitalist and the Philippines need to have a good collector of taxes in the persons of the Commissioner of the Bureau of Internal Revenue and the Commissioner of the Bureau of Customs. I believe that these are the factors for the Philippines to have a stable economy and I hope that the present leadership of our country the Philippines would pay attention to this little suggestion of mine and hoping further that the illustrious president will reconstruct all of his domestic, economic and foreign policies for the greater glory of the greatest number of the FILIPINO people BEFORE IT IS TOO LATE.
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