THE MITI-V, NEW ECONOMIC POWERS?

We do not belong to the MITI-V  as predicted by economic experts in the region.

The question is What's Happening? We are not viewed as the new factory of the world is something very depressing as the new kid on the block.

The congress and the Senate should initiate "IN AID OF LEGISLATION" to look into the situation why the Philippines is not in the position to be a candidate to become the next powerhouse economy in the region?

Something is wrong.

By the inquiry of congress as to the faults and negative qualities and performance of our economy, specially in dealing with the manufacturing sector is already alarming and sickening to see our condition remained at the bottom.

Our continued disregard in the manufacturing sector is no longer a joke, it must be attended fully and congress should legislate something that would bring us to the top in the region,

We are already regarded as the fourth world economy, and with this kind of reputation, congress must intervene.

We have lost aplenty of FDIs already and our own currency is falling contributing to our loss that brings our national debt, BOPs, stagerring, that 42 percent of our GNI goes to the foreign loan payments, and that our dollar reserve is at its lowest to 70 billion at the current, should be inquired for by congress and put remedial laws to trade, exports, and manufacturing, that we are not part of the "MITI-V". That, should be "MITIP-V" 

India the next factory of the world?

We see India as a country working and preparing to become the Factory of the world after China. 

She is taking the place by the indications seen so far, and its attitudes and policies with its population as source of the factory  the world incoming.

India is preparing well and sustaining well its economy to replace China in few years. Her treatment of population and the young as source of manpower for skilled and professional individuals is taking shape.

What is going on with the Philippines? While we engage in more population control which is I do not oppose, is something that is contrary to spearheading growth for the country's economy by discouraging population. Although there are things about education for our epople to become responsible, that responsibility cannot be realized with unemployment. Anything about population should be answered by opportunities available in the country, if there is none, naturally, poverty will justify overpopulation even though we are not a billion people.

Why not prepare the population for industrial dreams of the country, that is to make every per capita useful for that purpose. India is doing the right thing, even though majority is impoverished, it is now taking steps to prepare them all for future as the factory of the world.

To become factory of the world is a dream where China has achieve so much. During the 1980s, China was never in the map, that its only now, that after gaining so much as the world's second largest economy of the world because of manufacturing, it is becoming costly, and emerging nations like India, Vietnam, Thailand, and Malaysia are competing to become the factory of the world after China.

Where's the Philippines? Are we not going there with the club?

The advantage of a large and growing Population

The population of the country should not be viewed as negative to growth as we read and hear among experts in the fields and in concern with the depopulation activists all around the world.

Our government has been also an advocate for promoting contraception, birth control and other methods for birth control. 

While we are now at this stage of population rate, there are things of positive contribution of population in relation to economic growth, that with human resources, there is always productivity in every capita. Of course we should bring along food security as inherent to population rates by using the same population to secure agriculture and food supply. We should utilize our resources for manufacturing that is where the trade of economic growth as reckoned.

Manufacturing experts see a varieity of areas as important for low-cost manufacturing competitiveness: young populations, low labor costs, a supportive policy environment, good quality infrastructure, availability of engineers, a minimum level of education for all workers, economic growth and a large internal consumer market.

"Thanks to Governor Amando Tetangco of the Central Bank, the man in the street has now been enlightened about a phrase that used to be limited to specialists in demographics and economic development. Referring to a “sweet spot” that the Philippine population is entering in the next 10 to 20 years, he expressed optimism about the prospects of higher growth for the Philippine economy because of the advantages of a young population both from the standpoints of abundant manpower supply and a large domestic market for goods and services. This sweet spot is made possible by what demographers call the demographic dividend, which is the benefit conferred on a country by a young labor force that is still growing faster than the retired force and the dependent children (those below 15 years of age)." -inquirer

The working factor for investors is about finding the young population of a country, and because the Philippines has this qualities , we earned the choice of becoming the destinations of businesses who desires the factor of advantage for their investments.

THE ADVANTAGES OF A GROWING POPULATION

Malaysia, India, Thailand, Indonesia, and Vietnam The new China

Malaysia, India, Thailand, Indonesia, and Vietnam will be the new China as the Factory of the world.

Manufacturing is central to a country’s economic development. That without it, we can never achieve a level of economic competitiveness with the world. 

As China belongs to the second world's largest economy, there are new China's on the rise following its footsteps but we are not the candidate or in the shortlist at all.

Malaysia, Indonesia, Thailand, Vietnam are those countries seen to be a new factory of the world.

Why not the Philippines? What's happening to the country as the world's favorite destination of businesses?

There are problems that we should address  amid the situations and on-going image problem we have  internationally not in conformance with their standards that affects trade and investments.  One law maker assents the fact that the extended martial law in Mindanao will further hurt business and investors in the island is one factor that trade will not thrive as expected under such situation.

While we are busy in congress and senate of "in aid of legislation" of political governance, we should be more busy "in aid of legislation" for trade, exports, businesses, and foreign investments to the country that would cure the ills of our economy.

We have seen the tremendous input of FDIs in Vietnam, and we pale in comparison with them.

Malaysia, India, Thailand, Indonesia, and Vietnam are set to enter the top 15 most competitive manufacturing countries. They are the “new China,” the top economies for low-cost manufacturing (i.e., labor intensive commodity type products like apparel, toys, textiles and basic consumer electronics).

Which Asian Country Will Replace China as the 'World's Factory'?

New Taiwan-Philippines investment pact to include financial sector

The recent development with Taiwan and the Philippines regarding upgrades on our bilateral relation with this island nation is an improvement in terms of our foreign relations that would equate into more trade and manufacturing in the country at the expense of Taiwan.

The other problem on hand is the alarming reaction of China that suggest to the government to prevent the improved relations with the island as it is a political perspective on their own.

Such manifestations of China amid this new and updated relation is a warning sign for the country that even yet at this early, china is now intervening politically the affairs of the country for its personal gains and favor.

The on-going loans and relations with this giant economy shows that she is poised to issue political pressures for the country now and in the future when things comes to worst.

The most fearsome factor is when the level of loans becomes too burdensome for repayment of the country, such political pressures are expected to escalate more.

At this early time, we now know that the forthcoming scenarios would be, and thereby, a calculable and cautious actions must be observed on our part in dealing with China. Taiwan deemed by the mainland as a renegade province should be proven, while our trade relations is purely on trade, the other China cries foul.

The benefits therein from this relation about finance and manufacturing would be enormous, considering the possiblity if we could invite FOXCONN to come to the Philippines  if given the good offer.

New Taiwan-Philippines investment pact to include financial sector

TAIWAN AND THE PHILIPPINES IN GOOD FOOTING

The southbound policy of Taiwan is a positive sign that we will be benefiting from the island nation's economic power through trough these bilateral investments in the direction where Taiwan wanted to shift focus from the mainland China as a source of industrial hub of the island nation. 
Best of this report is from Taiwan's 'New Southbound Policy' Scores Win in the Philippines

THE DIPLOMAT

In this development, it is of great hope that Taiwan might think the possibility of putting up a FOXCONN manufacturing plant in the Philippines to cement the relationships of the two neighbors as business friends, and depart from the traditional Chinese partnership of Taiwan.

The southbound policy of Taiwan is one indicator that Philippines is due to harness this situation favorable to us being in close proximity of the island.

"Taiwan’s representative to the Philippines, Gary Song-huann Lin, and his counterpart, Angelito Banayo, signed the deal on December 7, in a ceremony also attended by Taiwanese Vice Economics Minister Wang Mei-hua and the Philippine Trade Undersecretary Ceferino Rodolfo. According to Taiwan’s CNA, the agreement “puts in place mechanisms that make investments more transparent and the treatment of investors fairer, including provisions on how investors can seek government assistance when they run into trouble.” -THE DIPLOMAT

In turn, the Philippines should be prepared enough for the resurgence of trust given to the Philippines, that it may seek to safeguard, assist, and help investors in situations where politically they will be jeopardized, but replace the apprehensions with  more optimism.

China on the other hand is not a good neighbor by defying such relationship of the two nations with intent to destroy and not help the economy of the country by opposing the bilateral investments.

SAMSUNG FACTORY IN VIETNAM

Some Samsung Smartphones are made in Vietnam and it has a factory that employs about 130,000 IT's of Vietnam.

"Of the 130,000, nearly 120,000 are Vietnamese at the electronic giant’s three IT complexes in Vietnam: Samsung Electronics Vietnam in northern Bac Ninh province, Samsung Electronics Vietnam Thai Nguyen (SEVT) in northern Thai Nguyen province, and the Samsung CE Complex in Ho Chi Minh City. The three complexes have combined investment capital of $10 billion.

It also employs nearly 1,500 technicians at the Samsung Vietnam Mobile R&D center in Hanoi, which is expected to employ 5,000 staff in the near future.

Samsung Vietnam’s turnover in 2015 reached $32 billion". ---Almost all Samsung IT employees in Vietnam

Forty percent of total mobile devices of Samsung are made in Vietnam and are expected that Samsung Vietnam would export $50 billion worth of products this year.

-Vietnam.net

The information gathered from the Vietnam.Net is immensely staggering that its numbers are contributing well for the economy of Vietnam, as well as the trust and confidence it earned from overseas investors to make their good economy.

By looking at this nation who've earned the good reputation for FDIs is already a cliche among international observers and investors that eyed Vietnam as a destination hub for businesses.

This reflects to our character and reputation on the low turn out of FDIs recently. That with such  condition of losing foreign investors in the face of our neighbors becomes a shame in our culture and politics, that such ill must be addressed rightfully. That if there is a need to adjust, and become at par with Vietnam or with others in the field of FDI wars, we must change and adjust.

Samsung factory in Vietnam must be in the Philippines, it is just rightful that such a world leader and giant factory to be here will build a  cliche to entice others to follow and earn investments for that direction. The questions and problems in politics, regulations, labor, ownership can be dealt with by the intervention of congress if necessary. Moratorium, and other policies that can be introduced is just one piece of solution to the negative conditions that dispels trust and worthiness of the country as a business destination. Most of all, we need to have technology transfers that in that bid of investments,  these new technologies if given seriousness by the government, is a path towards modernization of our industry, economy and the self-reliance in both civil and military applications that is long due.