Majority of cars running in the Philippines are all from Japan, and we know what it means when converted it to monetary value that had caused defeat to our economy over the years via trade and commerce.
Data no longer needed, but certainly, in half a century, categorically show the advantage of Japan over our economy as enormous.
This becomes the reason why we should talk about the matter of industrializing our country and prevent other economies dictate our own.
The expense of our dollar reserves should be abated and this can be done by entering into the same industry that Japan has built over the years. In so doing, a counter industry would reduce importations of Japanese cars and redistribute the saved foreign exchange to other needed investments for the country.
This becomes the reason why we should talk about the matter of industrializing our country and prevent other economies dictate our own.
The expense of our dollar reserves should be abated and this can be done by entering into the same industry that Japan has built over the years. In so doing, a counter industry would reduce importations of Japanese cars and redistribute the saved foreign exchange to other needed investments for the country.
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