It would be good to understand the situation of the Venezuelan economy today, that we cannot ignore such thing that might make our condition fall the same if unabated under the signs that would lead us to that turmoil.
With an inflation of 946 percent, a dozen of eggs in the market for 150 US dollars, and poverty at 82 percent, is something that a government like this very much dependent on oil exports will likely to fall more and collapse.
The government's strategy of funding the poor, health, education, and all others that had depleted its financial resources just to make the presidency of Chavez and later with Maduro, and with political moves of supressing the opposition, the supreme courts, changing the constitution, are things of similar nature and path with the Philippines in the making. The tangent situation is early, and can be abated if things are done accordingly that will prevent such matters to occur and turned worse.
In turn, our advocacy of strengthening trade and exports that would sustain our inflow of US dollars, and contain the rate of peso fall would prevent the situation to occur.
Under this situation, we must make an atmosphere of business promotion and encourage both our local capitalists, small, and micro in size that would would absorb unemployment rate of the country. Self-employment through these small gestures of businesses, well assisted by the government will make the economy sustain itself, and be developed into more extended trade for exports.
There are many things that should be considered at the moment to maintain the economic situation to attain growth. The Jeepney and Bus modernization program that the government would implement by this year if done or acquired through offshore car manufacturers like Japan would defeat the economy, and favor Japan for that transaction.
Other things that might affect our foreign reserve at the moment will likely affect the condition of the Philippine economy.
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