Thursday, November 23, 2017

SETTING A CHINA STANDARD




There are more than a dozen foreign car makers in China that had helped shaped the robust economy of this country and eventually become so economically powerful that it becomes a bully everywhere.

Upon finding that the benefits of foreign car makers doing factory works there thru absorbing unemployment in the country, and contributing to their needs of technology transfers were the reasons that they've become what they are now so very powerful in terms of money. It would even overcome the United States in next few years if unabated.

What is the connection of this blog for the country? What could be the positive contribution of this report that foreign car makers are alive in the mainland China? To make a study, it would be fruitful to look into the methodology China is doing to get the attraction of foreign car makers there.

The most common answer of foreign investors going to China is about the labor cost they enjoy. Though we wanted to get investors in the country, the Foreign Direct Investments, it is difficult to take them here amid the rising cost of labor in the Philippines. But how?

We wanted to compete with China, and the rest of our ASEAN neighbors, but the question remains to be as How?

If the problem is to make at par with the labor standard cost in China, then it would require our law to set rules of doing the impossible under our long settled rules.


This can be done.

First, we'll have to regionalize the labor classifications and write these classifications as "CHINA STANDARD". to make  this kind of standard, or realize it, we will need extra legislation to make the labor rates the same with China in its standard. There are certain and many ways possible to accomplish it, and the regionalization will make it possible.

Amongst the poorest provinces in the Philippnes can be regarded as the China Standard, foremost located in the Mindanao region where the population barely are making enough income a day. With the identification of a China Standard areas, we can now set the labor rates attractive to foreign companies. It will be a zone that will address the labor rates and standard practically comparable and equally of that in China. Our will power of making a zone of China Standard is the only possible way to attack and address to confront the economic might of China. 

How will it work?

If congress can address regions in the Philippines as China Standard, on terms and periods that will satisfy the need of the country, it could appear  to be like a law issuing moratorium on the existing policies and regulations of the government concerning labor laws, that would be suspended until level of satisfactory economic might become realized by the country. The labor laws are suspended in a period and will move along with the standards being in the progress committed also in China.

The China Standard can be of 50 to 100 years implementation, renewable, until satisfactory conditions of economy are met, or it would also progress to escalate into a level of labor rights and improvements based along the progress of China in the mainland, seeing to it that we do not swayed away from the competition all the time.

China Standard is the only means that investors may opt to choose the Philippines for investments, mainly car manufacturers from Germany, Korea, Japan, and mainly Europe. This concept of taking the bite for beating China is the only way, and the only means that we can achieve speedily the industrialization we need so much today.




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