The VENEZUELAN CRISIS

The current situation in Venezuela is an eye opener to the country, where the crisis that this nation is facing is something that we have to consider as lesson for our future.

The enormous and staggering  inflation rate of this nation is killing them and turns very hard to recover, unless drastic political and international amendments are done to avert further catastrophes for its people and nation.

Unemployment

Unemployment rate of about 17 percent in Venezuela is something that add more to the poverty of the nation. Likewise in the \Philippines, the situation can be averted due to Filipinos are able and adaptable  which is our culture, that it can sustain and survive on situations to avoid such in the future,if ever.

The management of population in the country can be treated as an advantage to make further economic growth, and use them to acquire  more resources made by our ability to supply manual labor abroad.

The OFW  phenomenon today which is  surviving the country economically is a certain fact that human resources in the country is a very viable method to save and contribute more for the economy. Te view of over population in the country is an issue  not apparent at all, that it is more contrary that we should not hinder or discourage population growth of Filipinos for the demand of global labor is in our position as indicated at he current. The human resources in short is giving us more economy than poverty, and inverted opinion is reversed for the matter.

The situation and views  of our population is not applicable for the Philippines due to our culture has been adapted now to  dominate global labor supply as proven many years ago. Instead of setting views against our 100 million Filipino population today, we can  asses that the statistics of our growth rate is proportionate to our ability to use population resources to our advantage, and this position is  increasing in our favor.

The comparison of Venezuelan crisis is the reverse  of the Philippine situation. We are fortunate of our condition with regards to unemployment because our adaptability to the danger of economy is far to distinguish it with our resiliency.

The opinion of our population in reference to 100 million Filipinos therefore is not justified to be applicable for the Philippines, for we are already in a good position  as dominant in the OFW market.

Manufacturing

Manufacturing is the main issue for the country in order to resolve further the improvement of the economy. This sector of industry should be given priority today to lay the foundation of  bigger economy  of the country because it will  secure the employment sector of  the country.