The invasion of foreign products

 We are looking at a massive economic miracle unfolding in China. We should take notice of this impressive growth that any country should also embody in its laws and policies. Similarly, we should catch up with the distance that China is creating everywhere in the world.

For example, the vast production of EV cars going to the EU has attracted attention among members, and they are not taking preventive actions to protect their local car industries that must be saved from this onslaught of cheap EV cars from China,

There is a political touch in the situation that is hidden as the agenda of the CCP government that the EU should know more. Economic is the leverage of China in promoting its products in the EU, and there are always consequences to the matter when it comes to these political situations that are seen appearing on the horizon.

The matter of EV cars has now attracted attention in the EU as they will investigate the subsidies 

 being laid by the CCP for its EV manufacturers with the goal that cheap EV cars will kill the local manufacturers of Europe and consequently, they will dominate the landscape eventually killing other economies.

The best is yet to come with the recent concerns of the EU with these EV cars flooding their local market, that the forthcoming BRICS will pave the way more for this problem that the West will suffer more, if not greatly, under the full effect of the BRICS. Hence, the reflection of President Trump of the United States is that his America First Agenda is so far correct as this is now happening in the EU in the spike of the EV cars alone, and the EU first agenda is rising.

My proposal regarding EV cars flooding the European market now is the same as my appeal to our government proposal to act similarly to that situation in the EU.

Unless this government embraces technology or encourages our local talents in the fields shall be a good way to start this idea of progress for our economy. Unless the government loves and calls everyone to become industrialists and appreciate little products that we can turn into dollar-earning capabilities, there is no such hope for the future that this country may achieve without technology and enterprises.

There is a lack of interest on the side of the government or the public sector to patch the potentials of our people in entering the trade and industry capabilities of the population and start-up milling manufacturing in the country to save the country and put forth progress for every Filipino. embraces 

THE SUPPLY CHAIN AND THE PHILIPPINES

The pandemic season revealed that our government should pursue policies to protect the public interest and national security.

Given its significant manufacturing capabilities, China's supply chain dominance is of particular concern. China effectively controls the global supply of essential goods.

Given that supply is a critical factor for survival, we must initiate a substantial shift towards local manufacturing. This will help us gradually reduce our dependence on foreign supplies, thereby fostering stability and sustainability.

Therefore, with this current situation, the government should encourage and devote more of its energies to its local capacities, such as local capital and entrepreneurs, and invite and encourage many to engage in businesses and commerce to prop up the products that would balance this country's deficiencies.

There are wide varieties and spectrums of investments in traditional, modern, or advanced technologies that we should incur to reach the level of stability and self-sufficiency in domestic, business, and military that the country will benefit from immediately at this period to cope with the impending crisis ahead.  

peso falling against foreign currency

 Our government should intervene in or take action regarding the current situation in the US and the peso currency exchange rate to avoid economic collapse for the country and for the sake of national security. This expression or suggestion is an intervention for economic policies that should be undertaken to abate the continued destruction of the Philippine Peso against foreign currencies. The country lacks a manufacturing base or export industries to counter and balance the demand for USD, which continues to hurt the economy where inflation is at dangerous levels.

Unless drastic measures are undertaken or economic policy shifts for the country, the spiraling effect of the falling of the peso currency against foreign denominations will spark collapse and destabilize the condition of this republic.

As of now, the peso falling against any foreign currency will impact the lives of our people, and such consequences must be met with a firm government policy or a change of course in the current situation to avert anything dire at the moment.

Manufacturing

The country has very low manufacturing activity, or this sector is neglected, knowing that it is essential for economic progress. Trade imbalances between imports and exports are causing the peso to fall, and the government must understand that it should immediately install long-term protection for the peso or the economy by leveling exports and imports or, as much as possible, exceeding them and creating a surplus. 

Relaxed business regulations

While we consider our manufacturing sector an infant compared to other Western countries, particularly China, the government must consider or recognize that we should issue moratoriums on all industries. At the same time, we will move towards the level of industrialization goals. We should not apply strict regulations that discourage start-up businesses because start-ups cannot comply with the regulatory requirements of companies, causing them to close operations. 

In many areas of the country, whether urban or provincial, the government should refrain from shutting businesses because they are not faithful to regulations. While it is true that rules are violated, governance must not intend to shut businesses down at once; more so,  they may be granted periods or due consideration of recovery and rehabilitation of the climates businesses are facing or battling. To save the economy, small start-ups and struggling industries must be saved instantly by the government by granting rehabilitation periods to overcome marketing challenges and save the sectors that naturally are confronted by the ups and downs of market trends that affect them.

The government should consider the conditions and factors that entrepreneurs are fighting to keep and survive in their own fields of industry. The administration should understand that the law of supply and demand is a factor that commerce has to deal with, especially in international competition where foreign currency inflow is the goal.

Government agencies like the LGUs, the DTI, the DENR, and all other component bureaus and agencies' role in regulating industries should consider that industries must be kept alive and running. All should be included by knowing the situations of companies facing bankruptcies and closure due to market conditions and completions abroad. The good government policy should be that no businesses must close shop; instead, keep everyone alive and running for the sake of social benefits for all the population. While finance and cost operations are the main problems of an enterprise, it is not always in the country's best interest if no industry is left.

Remember, our goal is to have multi-millions of industries running in the country that will eventually surplus this economy. We understand that compliance of businesses with the government is the core  problem, but it is not always 

During this period, the government must not kill industries and save those that are failing. We understand that failing companies have lots of troubles and problems emanating from their management, resources, and other reasons not positive or healthy at all; still, the policy must be to save the skill, technology, and know-how of the business or the industry that must be saved. The government can introduce cures to companies that are failing or may subsidize them to keep the technology alive and look on the positive side of the endeavor for the country's benefit. there is employment, GDP, lessening of trade imbalances, and reducing demand for foreign products that are killing the peso rate exchange, thus saving our foreign reserves.