Sunday, June 10, 2018

POWER OF THE GOVERNMENT TO GENERATE THE ECONOMY



With this episode, we can see that there are plenty of things that must be done by the government to address the joblessness of our people, that we need  focus to address unemployment and good economy for the country..

The situation of many Filipinos struggling in Malaysia is an indication that we are of lower stature by the terms of progress compared to our neighbor.

When Filipinos cross the border to Malaysia illegally, than Malaysians crossing ours in the south to reach the Philippines, is an indication that we are nothing compared to our neighbor in that respect.

In this topic, we'd like to find out things that the government should do in order to solve the problems of undocumented Filipinos in Malaysia and how we should attract our own people to remain in the country despite  the hardships they will suffer in Sabah once they go for illegally status outside the country just to find better lives outside.

The government must initate a cycle of build and sell of nvetsments. 

It is evident that we have substantial annual budgets in the government and that most funds are wasted on unnecessary government projects, government allowances, ghost projects, subsidies, excessive social and popular projects  yet unsustainable that depletes government resources, funds, aside from the magnitude of corruptions that result to the loss of our economy. 

Because of the shortage of jobs in the country, particularly in the southern pat of the Philippines,a case in this example, are thousands of our people now in very dire condition in Sabah that must be addressed with seriousness and attention by the government.

Lack of jobs in the country is prevalent  because of the loss of industries and investments both local and foreign, that a remedy is needed by the government to convert its resources to programs in direct  development of our economy in sustainable forms by engaging the resources of the government in business and commerce by initializing capitals to promote more entrepreneurial spirit for the people  to create and  expand  more industries.

Start a state owned corporations

Under the dry investment climate in the country,  there is no solution but to initiate government planting of state owned corporations and after some period, the government should sell them and produce more by the cycle.

In the past, the government had venture primarily in oil, power, transportation, and other government controlled industries and stopped there.

Instead of stopping, we should have expanded all forms of investments aside from the strategic industries  and spread into more larger and new investments where the country remains weak and short.

It means the government could have made, or have started to initialize businesses, corporations in a thousand  numbers not only remaining or preventing herself in  strategic investments and deprive ourselves of other unknown industries where all other countries have grown into and became dominant in those industries that now is crippling our export and imports balance.

After State owned, sell them

We have very little record of government businesses and investments that failed to create  impact for the economy, rather, our remained condition in  traditional, industries of utility and power generation, water, and oi supply stunted our expansion of industries that would have kept the country safe from the onslaught of foreign pressure and dominance.

Orr defeated exports  are those industries that we have failed to establish in the country.

If the government had created  thousands of industries and converted them into private ownership later, we could have seeded a thousand of industries from before and could be now running and serving employment  regardless of any record of foreign capitals or foreign investments inflow  we invite.

The built and sell scheme

Because there are stiff competition of luring foreign capitals into the country,  and we cannot depend on foreign capitals at the moment, the government should take the path of self-investments of its resources into every type of industries of yet developed technology and thereafter sell them into private healthy corporations that would drive and secure the economic future of the country in the manufacturing sector that would enhance our exports and lessen imports.    

The built and sell  of the the government is a sustainable means of using its resources instead of social programs that is just lost. The cycle of built and sell will create thousands of industries and jobs for our people where the private sector are reluctant to invest for,  is a cure to our economic problems and put forth development and security of the country.