Why we see that the proposed program that is already in motion, the Jeepney modernization of the government is a chance for us to get into the ride of industrialization? It is because the world is fast changing its character and condition that we cannot remain as a non-industrialized country, that would impact the local economy if we deny ourselves for industrialization of the economy.
First, the jeepney modernization is an opportunity to start industrialization due to the reason that we are moving towards the ASEAN one, single economy, and the rate that China is conquering the world trade, and affecting the Philippines in its trade imbalances that takes toll on the Peso.
Our poor performance in exports due to low industries and factories operating in the country makes the reason that we cannot uplift the condition of our local currency. It remains stucked and defeated with no chance of recovery.
Inflation has been making waves and hurting domestic finances of our people, due to cost of living keeps going up. The dollar rates going up and losing our peso makes the problem worse, and the government is not heard of doing the remedy and addressing the situation.
Without industrialization, there will be chaotic future of our economy, that might replicate the country to Venezuela.
The Jeepney program of the government can be a very good reason to start our car manufacturing that would create jobs, spur business and trade, and save the much needed foreign reserves for the country.
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