The Philippines Industrialization: A Disaster
ฝัง
- เผยแพร่เมื่อ 2 ส.ค. 2024
- Is the Philippines Truly Industrialized? The Misunderstood Reality of the Country's Economic Development
Narrated by Tom McKay
Video Edited by iyanbriandi
Timestamp(s):
0:00 Newly Industrialized Country?
3:07 The Philippine First
4:55 The Marcos Plan
6:18 Service-based Economy
9:25 Conclusion
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Brought to you by the Behind Asian Team.
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While the Philippines has faced challenges in industrializing in the past, recent developments suggest a shift towards manufacturing with increased foreign investments and infrastructure improvements. Do you believe this will lead to a re-shaping of the country's industrialization plan in the near future?
That remains to be seen. There always have been investments and developments in manufacturing in the past. But nothing revolutionized the economy. The problem with the Philippines are always implementation, corruption and incompetence. People in position (whether public or private) lacks patriotism. They think about their pockets first
@@rogueagent0191 i totally disagree with you....all countries suffers the same, unless you put angels in the government position, then you can expect perfection. the problem with the philippines is the system, the old system has to change. if we have.to change the govt. into a parliamentary form, maybe it would help, but as to whatyou have suggested such as corruption, incompetence lack of patriotism, all wrong.
Wrong again, Behind Asia (China)! A country heavy on factories nowadays rely on exports, and exports have been down due to world consumption being very low. Service in BPO, IT and remittances are the best way for a country to make money when Western countries with declining labor are seeking to make up their low labor force with Filipino services in all levels of work.
As usual we expect insults from you as you keep falsely claiming the Philippine education, infrastructure and governance as lacking, but on the contrary Philippine education is the best in Asia (and why it’s workers and professionals are sought after), it’s infrastructure are now top of the line and getting better and its governance is way better than your China.
You can see if China allows people to leave, they would lose every citizen in their country. Filipinos on the other hand, would go back home after temporary jobs are completed, vacation as often as possible back home if their jobs are permanent, and many more retire home after their careers. What does that tell you?
Donald Duck, Parliamentary form of government for the Philippines? In other words the Philippines should have a king and under him a Prime Minister who leads members of the Parliament?
Only the dictators Marcos wanted that form of government so he can be the King. He would have control of the Justice System and the whole Parliament? Do you know what you’re saying? Quack quack?
@@leapdrive hindi mo matanggap ang criticisms kaya pupulitikahin mo na lang sasabihin mo China ang owner ng channel nito? delusional
I never felt like the old laws barring foreign investments in business were originally meant to "protect small business" but over time it was more about "protecting oligarch monopolies". Why would the rich want to compete and advance their nation when they could grow their wealth by hundreds of millions of dollars instead?
That's why we've fallen behind other countries where even the elites care about their country beyond just money.
Example is the slow internet because of monopolize just by three companies; hopefully the entry of starlink will help.
True it’s always been in favor of those oligarchs, it’s sad and still been happening now😢
Your insight is spot on. The internet I currently have is terrible, I deal with it because there is no other option. If this company performed like this in the US, they would be out of business in 6 months. The result of the protectionism is mediocre services and higher costs for the average citizen.
that's what happen when you vote for a house wife for a president who doesn't even know how to govern a country
preach brother been saying this since I arrived.
Agriculture's technology advancement, identifying natural resources, inter-island connectivity, import mentality and inequality of opportunity are some of the top factors which are holding us back to boost our economy.
I believe this all fixable but our own people mentality is what need to be fixed. Look at S. Korea, Japan and Thailand economy have bypass PH in many ways. It is because their people decided to improve for better of all people. We are nice and welcome foreigners to our country but when it comes to Filipinos, it is the opposite. We start to get greedy, flashy and discriminate to one another.
Cost of electricity is high. Foreigners cannot fully own shares in a corporation, however the recently approved Public Service Act should help address this. And yes, the author of the article got it right; i dont think the oligarchs wanted to open the market to new players. It’s all about greed.
Even before EDSA and the 1987 Constitution happened, no one wanted to invest in PH 🇵🇭
@@miaya3898 No one wanted to invest in the Philippine because it was under the dirty hands of the Tagalog. Happened with the Spanish, happened with the Americans. The Tagalog ruined the once beautiful city of Manila.
@@miaya3898 show any evidence mate... We already have our own car and factories during late 1970's to 1980's and somehow all of it was shut down by Cory because of Marcos is her political rival and ever since we didn't invest to any industrialization factors
@@_wrath_2087 those were mere assemblies. Toyota and others left before EDSA 1 happened. We became the land of maids because of Marcos, mate.
@@miaya3898 Pinagsasabi mo? Sa pinas kauna unahang nag invest ang mga foreigners noong panahon ni Marcos. Kaya nga ang laki ng utang ng administrasyon ni FEM dahil yun sa mga pinatayo nyang infrastructure project na tutulong sa mga foreign investors noon na mapalago ang kanilang negosyo sa Pinas. Hindi ka ba napapaisip bakit siya nagpatayo ng mga sandamukal na dam, bridges, highways, nuclear power plant, electric grid at iba pa? Para ho yan sa mga papasok na investors sa bansa noon, nilalatag nya na yun kaso umepal mga idol mong dilawan at NPA. Inimplement ang 60-40, sinapribado ang meralco at mga water companies, ayaw magdagdag ng bagong infrastructures, pinakawalan ang mga NPA leaders na lalong nagtaboy sa mga foreigners na mag negosyo sa bansa dahil anytime pwede silang kidnapin or pasobogin ang kanilang mga negosyo. Tayo sana ang Singapore ngayon kaso sinalahula ng idol mong si korikong kaya naging maids nalang ang trabaho ng mga Pilipino. Kung tinuloy nalang sana ng mongoloid mong idol ang development ng bansa noon kay Marcos nung naupo sila e sana may nuclear plant na tayo, may subway, mura ang kuryente, yung military natin malakas hindi sana tayo inaagawan ng China ng teritoryo, ang ekonomiya natin sana e tulad na ng Korea, Japan at Singapore. Kaso mongoloid mga idol mo e, tulad mo.
I don't understand why Philippines is not a hub for pharmaceutical companies with all the medical schools could also be research and development.
Its for nurse biggest human exporter
Philippine medical education is a joke. Most people who graduate from these are either bumbling idiots or selfish, greedy twats. All playing into the hand of the "oligarchs" they so desperately desire. The Hippocratic Oath here isn't to have professional ethical standards to save lives, instead it is to create vast financial fortunes off the populace.
Because our economy is a restrictive economy
because the medical professionals are for export 😂😂😂😂
we can't pay them enough money to stay cuz those politicians bagged them all
3:39 I kinda agree with "the perfect move".
As a Filipino and a regular consumer of new products, I would prefer to buy local products because it has become diverse enough as compared in the past.
Imported goods like noodles, seasonings, condiments, and snacks have little to no appeal for me as they tend to be 3x more expensive than the local competition.
Lucky Me.
obviously it didn't work. local companies became complacent because they have an advantage. Consumers are served with low quality products. Had we opened the economy and let foreign investors in, we could have been more developed in terms of product diversity, value added services, locally and globally competitive products. One main thing we lost with the combined "Philippine first policy" and the constitutional limitations of foreign business ownership was the technology and knowledge transfer. Look at us now, we do not have technological product we can call our own.
@@aarnkgnar986 And what Happened to Nations that Opened up? Many of them got Exploited with Zero Knowledge Transfer occuring. Used as Markets while Snuffing put local Competition.
The only way Filipino Businesses can compete when we open the Economy to Foreign investors is do what Korea did. Create Cheabols. Family Own Companies like Samsung (Basically a Business Oligarchy) that grows so big they become the Economy Itself but in return Filipinos are wealthier while working for these (and close to only these) companies and Subsidiaries.
@@aarnkgnar986 kasi hawak tayo sa leeg ng mga Filipino Chinese businessman na nagpapatakbo ng ating bansa at nang alipin satin sa sarili natin bansa, lam mo naman lakas nila maglagay sa mga polpolitiko ng Pinas.
Industrialization is the way to go for the Philippines to be progressive and modernized. Due to the location of our Country its difficult for us to rely heavily on Agriculture, our country is not geographically gifted unlike Thailand, Indonesia, Vietnam...etc..We are the first one to be hit the hardest during the rainy season, very hot during summer. We are situated in Pacific Ring of Fire. So Agriculture I think will be very difficult to prosper esp now we the effects of climate change. Japan and Taiwan is same with us, we all facing the pacific ocean. But they were able to survive and progress because they have a very good plan in industrializing their Country.
Hindi nga? Bakit ang Bansang ISRAEL nasa desert nagawan nila ng paraan na magkaroon ng farm, dito sa Pilipinas mag hagis ka ng kahit anong buto ng prutas tumutubo agad kadalasan. For me it’s all a matter of willingness lang talaga ng Government kung gusto nila talaga paunlarin ang Agriculture ng bansa At instead na matakot sa climate change Bakit hindi pagaralan na gamitin natin yan sobrang init at lakas ng hangin para I-convert para maging source ng natural energy ng bansa.
@@cannyeyes382The country experienced some of the worst typhoons to exist. Israel has innovation.
I really love seeing ASEAN countries being very competitive towards each other.
We still need key infrastructures like Railway (Mindanao and Visayas) and Nuclear Power Plant to become full-fledged Industrialized country.
I don't trust the government to handle a Nuke Plant with Responsibility.
But Visayas Mindana Rail will be nice.
Just not the High speed Bullet trains. Those are giant money sinks. Look up China.
We need efficient and reliable rail.
Visayas doesn't need railways or expressways. Only Luzon and mIndanao
@@normalyoutube495 Cebu and Samar disagreed with your opinion
@@freshbakedclips4659 Samar lol. Cebu too yuck.
@@normalyoutube495 well, that's cute my dear.
But we're still taking the budget while you complain and can do nothing about it.
I think that a good first step would be to remove import barriers. That would make manufactured goods cheaper, and those involved in unprofitable production would have to focus and find something better to do.
There are significant investments coming from Japan and probably elsewhere too.
Progress may be slow now, but will speed up as new generations have fewer kids with better education and better jobs and incomes.
Indonesian manufacturing is already 20% of GDP, problem is not that, but technology transfer, it is difficult to persuade foreign companies to transfer technology & we always ask for 10-90% share ownership or partner with local companies, that's why we profit bigger than Malaysia & Thailand.
Indonesian steel mills have become the largest in Southeast Asia and use the world's most advanced technology to support industry defense, vehicles, buildings, infrastructure, agriculture, energy etc.
It is good for Indonesia to have such statistics but majority of those revenue belong to FDI in which coming from investment group located in Malaysia and Singapore. In the end large sum of money will still be another nation revenue. The same case study of palm oil sector and market where majority belong to malaysian company registered in singapore.
I think a better indicator to use to compare the countries would've manufactured value added per capita. Additionally, a timeseries chart showing if it's been stagnant or has declined in recent years
I think the Philippines is on the right track as regards industrialization. I'd rather that the Philippines focus on agriculture while industrialization takes its normal course (PBBM is doing that, I believe). Slowly but surely, we are getting industrialized while being less dependent on food imports, an ideal scenario for any country.
If you want more food security then stop abusing Farmers and finish Land reform. Why do we need to "slowly" develop while other Asian countries surge past us?
@@TheGetout04its the land reform program which made food insecurity a thing in the Philippines. The limits on land ownership made large scale investments in agriculture very difficult
@@pongpong123able4 So True the limited acreage of land to modernize the farming reduced its ability to have greater production. Land reform is a twisted political motives to create a mindset that having a limited property would make people productive but it will never work. How can you compete with our neighboring countries with modern agriculture and manufacturing.
@@pongpong123able4 we need Zimbabwe style lane reforms. I want to a trillionaire. 😀👍
Yes, Japan, South Korea, Taiwan, and others have left behind PH because they completed their reforms earlier and faster compared to PH.
Philippines don't need to be industrialized., because we have beautiful nature to protect.,some people relying on tourism.,is up to government of the Philippines if they want this country to be industrialized.,
Lol that's wrong I hope yk China Singapore Malaysia Indonesia become rich because of industrialization... Become realist and pragmatic pls... That's why whenever we plan we make sure that it contributes to our nation and state so that the resources that we use or sacrifice shall never be in vain
China Environment is a massive sh*th*le.
No amount of Gold bars will equate the Priceless Beauty of this country.
No. The Beauty of this country is non negotiable.
Go to China and buy some canned Air instead.
Every newly industrialized country will spend most of their money to build infrastructures, be it road, public transport, power plant, dam, everything that will help their factories to manufacture the products. This phenomenon happened in USA in late 19th century and China in the start of 21st century. The Philippines and my country, Indonesia need to focus to do the same.
Great analysis, one of the better ones you have done. One point to note though, The Philippines cannot in its current form support rapid industrialization due to its appallingly bad infrastructure. Electricity generation and supply and water distribution is too unreliable and heavy industry will not base itself in the country unless these are addressed. The government, both current and past have an obsession with building roads and billion dollar bridges but if people cannot have 24/7 electricity and piped water then all the bridges in the world are worthless. They need to open up the electric supply to 100% foreign ownership and competition whilst offering generous tax incentives for investment. If this isn’t done factories will not be built.
And we'll sell our country off to the foreigners than.
We had a steel making company, but Marcos took over in the 1970's and assigned croonies to take over companies such as these. Now we have a government that promotes sending people overseas as a legitimate industry. Instead of promoting manufacturing, down stream processes, and yes, mining.
I am very proud of what the country has becoming now. Working in a manufacturing industries is now a trend in the Philippines now. One of the factors needs to pay attention is that, the safety of the workers because we are now becoming one of the booming service sector in the industrial field. The great potential for safety eyewear SOFTGLE COMFORT is now a trend!
Another factor is the beraucracy in the philippines and harden for foreign investor to invest .another factor lacked of vision .i think we need to invest more in steel, shipping and military industry
Im a filipino. I for one was wondering how or where did my country get such title "newly industrialized" when in fact its way behind the industrialized ones?
It'll take some more years before the Phils can join the march (of economic managers,strategists,peace-keepers)
Lol, because the Philippines has a unique economy that can go toe-to-toe with NICs in terms of economic growth. If the Philippines strengthen its industry and agriculture, which are very doable, it will catapult the country to high-income status in an instant because it has already strengthened the hardest sector to boost, which is the service sector. FYI, the service sector is the reason why so many newly industrialized countries are trapped in middle-income status; they can't strengthen their service sector, which is why it's hard for them to reach the status of fully developed countries. And also, did you know that high-rise buildings are built because of the service sector? You can see many high-rise buildings that are newly built or under construction in the Philippines, right? The country is turning into a modern one even though it has weak industry and agriculture. In fact, by 2030, the Philippines will look more modern than Vietnam and Thailand, and it is all because of the service sector. And if the problems in the agriculture and manufacturing industries are fixed, the Philippines will become a fully developed country by 2040-2050. So for me, I love what happened to our economy because many countries already prove that agriculture and industry sectors can be strengthened by just opening the economy to the world, so if we do that, ours can easily be strengthened too. However, the service sector is totally different, and only a few countries have managed to strengthen it. So yeah, I love the path we're taking.
@@JC0820 im as optimistic for my country;i can only cross my fingers that "bad guys" be annihilated anyhow the soonest possible time,i can't wait to see my country advancing economically. Thanks kabayan.
@@fugak-han0072 Don't worry, it will happen. The MIF is just a president's signature away from becoming an official law. When that happens, the Build Better, More Infrastructure project will have funds. The golden age of infrastructure in the country will be a reality. Japan already express on investing in MIF and soon many countries will follow.
Several problems. The "crabs in a bucket" mentality. The "don't rock the boat" mentality. The "saving face" mentality. I have witnessed all three hamper growth and development. The RP was once the Pearl of Asia. She can be once again but there is a lot of internal work to do. The world is changing VERY fast. The once Unipolar world led by America and the west is changing due to economic realities and demographics. The RP has a real chance to make a dent in the Universe ....... I hope they can do it.
federalization is our solution, we never had a filipino identity to begin with. our regional identity is our strength let's form a new agreement that will benefit all regions not just manila!
@@juamu1132 no one will still invest in the provinces even if we go federal
I’m sure all countries have their own version of “crabs in a bucket”. No race is ever perfect. These so called “mentality” is dependent on people’s social status and living environment. It is not permanent. So many outside influences, good and bad, have developed this country into what it is today. Yes, the world is changing very fast, it’s hard to predict what’s gonna happen real soon.
And the blamed mentality of both aquinos and marcos supporters lol
@@juamu1132 We have a Filipino identity composed of our History. Federalism will not help this country. The tax rates will be a nightmare to deal with on a Per Province basis.
According to the UN, "Manufacturing and industry produce emissions, mostly from burning fossil fuels to produce energy for making things like cement, iron, steel, electronics, plastics, clothes, and other goods. Mining and other industrial processes also release gases, as does the construction industry." Manufacturing is just one of the sectors in Industrialization and it does contribute to climate change. I don't think putting a country that is very much affected by climate change should contribute further to climate change.
With regards to Electricity, Philippines does have the necessary resources for Solar Panels. In fact in Southeast Asia, the Philippines has the largest solar power plant that generates 132.5MW. Currently, there is an even bigger project in Nueva Ecija where they are developing a 500MWp solar power plant.
Ironic because we are not "manufacturing industry" but we are the # 1 plastic pollutants in the world. Haha
@@dormamo6917 True plastic is a concern as it is it contributes 3.4% of global greenhouse emissions. However, China is the #1 producer of plastic waste of the world. Philippines on the other hand is the #1 for ocean plastic waste.
"Climate change" my arse. It's just a ploy by the UN to concentrate power to Beijing. China produces the most plastic waste and carbon emissions, but none of the globohomos are batting an eye. Not to mention, the Philippines is already filthy with its contribution to the world's supply of microplastics in water sources and oceans.
The UN is anti poor and all those laws only exist to hamper Philippine economic Growth.
Forget the UN and focus on advancing out country.
the philippine government in its current form has to change, maybe into a parliamentary form of system.
*Looks at the UK*
I don't think a change of government will be that helpful to us.
then we will be left behind by the world, if we do not change, philippines will become a banana republic be behind bangladesh and maybe even somalia one day,. we will not be able to stand on our own and will be always bully by china and its islands sold by our corrupt politicians to china and worse even be bullied by our "best friend" the US. sad faith for the current strawberry generation and the next generations of filipinos to come. you talk about the UK did you check its past history ,its parliament pushed it at the center of world stage long long way even before your grand grand parents were born. they dominated the ocean trade routes, enslave india, china, africa, the US, Canada short of saying the whole world, as it was once a world empire. do you know the current GDP of UK vs Philippines? Google it at least the latest 2020 and you will see the big difference 5x over that of the philippines; and yet the philippines is 1.2 greater in land mass compared to UK....sad sad sad for the philippines. do you know a once quote from Jeff bezos? ...."what's dangerous is not to evolve." think about that at least for the next generations of your grand kids to come.🇮🇱🇺🇸🇵🇭✝︎
UK is a unitary state unlike Germany I think we should adopt German model not UK.
Had we opened the economy and let foreign investors in, we could have been more developed in terms of product diversity, value added services, locally and globally competitive products. One main thing we lost with the combined "Philippine first policy" and the constitutional limitations of foreign business ownership was the technology and knowledge transfer. Look at us now, we do not have technological products that we can call our own.
Well done .... I hope Philippines pseudo politicians or wanna be people workers will listen and recognize the problems, in order to move on and properly address the problem... Industrialization thru manufacturing and infrastructures is a MUST....
One of the main problem that they need to address as well that affect all businesses, is improper land use... No proper organization of land use.... The basic battle of common good vs. personal rights...
I'm here now...please travel around and get a good feeling for the place :) Lovely people, but 100 years behind on most things.
100 years behind...??? Go back to your own country rather than making such stupid statement
I prefer being 100 years behind on Social Policies after seeing how Insane the America and the Western Nation of now is.
Women can have penises.
Boys can Menstrate.
Women don't breast feed they chest feed.
Mom and Dad is Offensive. Use terms Parent one and Parent two
BPO and service industy are booming only because of lack of choices for most people to work elsewhere (ex.manufacturing) There's not a lot of manufacturing companies that offer attractive compensation and position. The analysis in this video is accurate.
Philippines laging kulelat
Crab mentality hahaha
Low IQ is the perfect term not crab mentality this is the results of protectionist policies. #FILIPINOOLIGARCHFIRST🥵😂
Isisi mo yan sa 60-40 ng 1987 constitutions kaya namihasa ang mga malalaking negosyante dito sa Pinas dahil hindi makapasok ang mga foreign investors sa bansa. Nagpataba lang sila ng wallet hindi naman nila nagampanan na paramihin ang manufacturing companies sa bansa.
The problem with manufacturing in the Philippines is that you need plastics to mold for manufacturing. And how do you get plastics? Its a byproduct of crude oil and we dont have that compared to other countries.
We do have crude Oil reserves sadly China wants it as well.
We also need to say no to UN environmentalism. Many Nations are calling them out on how Anti development they are.
@@silverhawkscape2677 we dont have surplus enough to be competitive. And the countries that say crude oil is un environmental are the ones that have it. They just dont want competition.
The first step is to develop and expand infrastructure. This will attract more businesses, investments. Once this is done, anything is possible towards the path of an industrialized economy.
Industry - We manufacture goods in the philippines. We export them low. We buy them back high.
Agriculture - We grow our foods, we harvest them. We sell them low. We buy them high.
The philippines GDP is more on agriculture and services.
There are many types of industries, not just manufacturing. There is even an entertainment industry, the service industry, banking industry, just to name a few. Even trourism is an industry. However, the bulk of the contribution to the Philippines economic pie simply doesnt come from manufacturing, which is the norm in other newly industrialized countries. The Philippines had to be more creative and flexible in light of the different realities it was facing and economic hurdles it had to overcome so it could achieve faster economic growth despite having a smaller manufacturing sector.
We still have to resolve the challenges on economic policies, energy resources, transport and logistics infrastructures and strengthening Agricultural supply chain. Once addressed, which we are doing now, the Philippines will once again be at another leap forward making it a major player in trade and and industries. We are yet to revive the industry and improve our manufacturing capabilities to compete in the world stage.
AI technology will be another Key Role.
We must Embrace New and emerging AI technology to gain a Competitive edge.
Many multinational companies have moved their factories to other ASEAN countries because of labor strikes by militant labor groups.
PH is lagging behind infrastructure for the longest time. It was only recently that PH government focus on infrastructure. The country consist of scatterred island, infra is needed for cheaper prices,shorter travel and cost efficient. Industrialization projects are often good in papers, politica also played a big part of this.
Yeah lagging behind China infrastructure, most everyone is
Yeah that's why the new administration approve new infrastructure project 194 .
@@geoshindhaisuke4851 who cares? They prioritize useless crap like bridge to Samal, bridge to Cordova, etc., all useless, unimportant miserable places.
all this modernization is useless if corruption is still rampant in every government agencies.
If it never spearheaded by President Duterte, it would be same o, same o. Philippines got a long way to go before being called industrialized. Industrialization started by Ferdinand Marcos sr. but got waylaid by leftist and corrupt politicians. Thanks to Duterte who shamed corrupt government officials and oligarchs. Duterte aslo started the build build program but hopefully it will continue because way more to go on the new president. This is his chance to redeem the family's reputation.
Remove 60/40 provisions in the constitution, so that foreign investments can fully come in.
Philippines from the biggest GDP in Asean to become ranking 6
the boo service economy of the Philippines will probably be decimated in one to two years by ai. the Philippines should encourage its citizens to be more active in electronics and manufacturing. machine shops and smelting and vertically integrated manufacturing is the key. industrial design.
a defense industry will be key in accelerating manufacturing and technological research
Nah. Hrm and culinary courses ftw! 😀👍
Exactly. The World is probably heading to a WW3 scenario so developing our defence industry for Export will be great.
As if lol
Industrialization requires cheap energy as well as cheap labor. Energy needs to be cheap in the Philippines for industrialization to succeed. 😃😃😃😃😃😃😃
The Philippines is considered to be a laggard in Asia. So, it lagging behind its neighbors is not really that surprising
The Philippines needs to look at developing its coffee growing infrastructure, develop itself into a major growing and exporting hub, become the superpower of coffee in the region and who knows, maybe even the world. If you want to be farmers then use what you want to be and do if people don't want industrialization due to lack of skills or education. Utilize the students and universities agricultural programs for the brain power you need to develop these skills and programs. As for electricity to run the processing plants, bypass the grid and go solar direct with the grid only as a backup. Put together a business plan and go the IMF or World Bank for long term, low interest loans, especially if your local banks are not going to help you and work only to protect the oligarchs.
Yeah, I am agree with it....Philippine must focus on Manufacturing sector.
To sum up, local governance is what made the country unable to progress. Corrupt officials and oligarchy was the deciding factor that made the Philippines what it is today, a third world country that COULD have been a leading country with just it's geographic location alone. Sadly, it's just a pipe dream and it'll become worst.. MOST elected officials right now are either (1) once a actor/actress (2) a dynasty (3) drug-lord (4) finally, a con-artist meaning good with his mouth but incompetent and corrupt. Intellectuals are rare and can only do what limited support they have or worst case killed.
It's the fault of previous decades of self-serving politicians. Privatizing everything made everything expensive which made us lag behind from our neighboring country.
I hope this current admin can address all areas that were left behind due to political reasons.
I think the Philippines has overtaken India in BPO. But undeniably the AI bot is a future treat.
Than let us tell the government to Invest in AI.
This Technology is such a Dark Horse that if we are the some of the first to embrace it, heck even have more lax laws on AI development, we will be a superpower.
Our government to invest in AI?😂
It's struggling to tackle about major problems such as opening our economy what about AI investment.
@@wush7985 It will help with everything. Once we invest in AI, all other Problems can benefit from AI.
But I think India will manage the rise of AI better than we would!
Yeah only the dedicated can make it through finance career since in this country the education system is designed to create a labor/employee!
Agree
One reason is the land reform program. the program resulted to having small scale farmers who cannot invest in large scale production . Worse, some farmer beneficiaries only plant for their own consumption and send their children to work overseas. If we have large tracts of land owned by a rich farmer, this will lead to huge production using technology , Once the agriculture has prospered , industrialization follows.
Oligarch Land Lord Supporter
Our best investments is our politicians!!!!
We have a big industry of making people, we export them to lift our economy.
Same way you can't call a diet missing one of the major food groups a healthy diet, a healthy economy has to include a strong manufacturing component.
The pandemic has shown its importance. We need to learn that lesson.
Philippines has fluent English speaking people, that's probably why perform in services.
Some developped countries like France have almost no more industries and it's not a problem.
Also I'm finally not sure it's a good idea to replace agriculture by industry.
No, its mainly because of lack of choices for most people to work elsewhere (ex.manufacturing) There's not a lot of manufacturing companies that offer attractive compensation. The analysis in this video is accurate.
most of them fluent in english because they have US military bases there. that's why the people really idolized the west lifestyle. too bad, mostly it's on the negative side. drugs, guns, prostitution, high crime rate became more common. not to mention their infrastructure still need a serious upgrade if they want to go industrialized the country
There’s more than the ability to speak in English to be advantage. We have to move towards infrastructure, manufacturing, export, job creations, etc.
@@bantay747 sunset industries from USA transferred to mainland China then wanting to be transferred to impoverished authoritarian governments like the Philippines is what this channel is highlighting.
But that's obviously a big advantage.
All of you that answered here, just tell me how many billion would be lost every year if filipino could only speak tagalog, taking into account Call Centers, OFW, etc.
You will be surprised.
What some of the problem of the Philippines is its social problem
Filipinos only want to hear "good and positive" news but disregard and attacks all those anyone who points out the problem of the country and a critic to the government if they are going on the wrong path
We manufature our own slingshots, isnt it enough?
One of the reasons for this low manufacturing in PH is the high electricity costs in the country which drive companies to other ASEAN countries like Vietnam, Thailand, etc. with low electricity costs. Developing the vast oil and gas reserves in PH would solve this and other problems.
Another cause is that the oligarchs and powerful elites would not want to open up the country simply because of their own vested interests. The government has to do more to solve the latter problem. Some of your statistics are old like 2016. Leaping from agriculture to services faster, keeps PH ahead, compared to Vietnam, Thailand, etc. Other industrialized countries in Europe have low or non-existent manufacturing sectors. Overseas remittances and BPO revenues of PH should be included in the balance of payments calculations.
Europe is useless. It's dependent on German 🇩🇪 cars to feed them.
It was actually Wikipedia which named PH as one of the Newly Industrialized Countries ( NIC’s ) which also included Indonesia, Malaysia, Thailand, China, India, South Africa, Brazil, Mexico and Turkey.
Wikipedia defines NIC’s in the socio-economic sense, and less on the manufacturing side. It also defines NIC’s as Middle Income countries ( not yet fully developed ) which are fast growing economies compared to other developing countries, …..and with rapid urbanization which is reorganizing the whole of their societies. So check with Wikipedia also.
@@artz8929 2007 pa yata mga entry na yan. 15 years later nganga pa rin
Are these oil and gas reserve located on the South China Sea being in dispute with China?
@@konraddomowicz2528 PH has a number of oil reserves around the country. There is the Reed bank and the Malampaya oil field in the WPS EEZ. There is the Liguasan marsh in the Cotabato basi. The the new oil find in the Sulu sea. There oil reserves in the Cagayan valley basin Bicol region and the Agusan basin.
I wonder who's Behind Asia based and who owns or behind them; although I agree with most of thier assessments; why suddenly be so negatively critical when one month ago all was mostly positive about the country.
It's all part of the narrative. Do not trust any news organization. They are part of the deep state rooted in Washington, Beijing, the UN, the EU, etc. The only thing they want from you is your wallet, not your well-being.
And what's wrong with that?
You are being denial if all you want to hear is "positive" even if it's a lie, a false comfort zone
If the critic is "negative" and hurts you even though its true, you should accept it
@@Shiroya_Rumika no denial here, be consistent; did the the country suddenly changed from favorable to other side in a span of a few weeks. I like constructive criticism but be consistent.
The thing with economics is... it's not about transitioning from agri to industrial to service sectors... it's all about the HOW.. how resources are utilized and the Philippines has a vast human resource.. so service sector it is! 👊
That’s why it’s so rare to see products that are Made in the Philippines. I remember our colored Samsung TV which lasted for decades. I didn’t know it was Made in the Philippines until I read its product label when it finally got broken.
Friends that lived near McArthur say the power is not reliable. Need power for well water and internet.
That is good of the Philippines still means is more to develop and it means more coming projects .
2 words! Bribes and Corruption!!
All should continue and innovate..Just add industrialisaton or other areas still not tap by other countries ..
most work here in philipines is retailer or reselling goods that are made in china, reselling agriculrural crops thats why when it came into the market it will become very expensive like from ₱5 original price it will become ₱100 now in the market
This was very informative.
Can we have a South African breakdown too ❤.
Manufacturing is indeed a necessary step to be considered industrialized. While the government may offer incentives to foreign investments, local and national corruption must be rooted out and punished. If we can convince our leaders to put Philippine national economic interests first, then Philippine industrialization may finally get off the ground.
Asian manufacturing now are manual system --- to be competitive Philippines should go to Robotics --- like 3D printing and Lithography --- even farming should be using hydroponics.
The Vietnamese government will do its best to balance among China, Russia, and US. But the heart and mind of the Vietnamese people lean heavily toward America
To what degree are Vietnamese favourable towards US? And what about Vietnam-India relations?
a government funded national industrialization based on steel upline and downline would be very interesting start.
At the time of Marcos the Phils. is decently Industrialized but things begin to deteriorate when the roman church led oligarchs took over all govt. Owned corps. & Enrich themselves more at the expense of the Filipinos & mostly enthnic Chinese Industrialists
Most PH elites which were originally foreign ancestry is in business of taking home their generated wealth to their country of origin and not in the venture of investing heavily into the country. Hope that pure locals will rise to top replacing these unworthy elites of the current times so the homeland can move forward. Locals should realize the value of love for the homeland as it defines the health of PH as a nation and society.
Our local capitalist will move to Singapore or Malaysia this country is run like shit.
Her latest policy means she will have to sell most of her agricultural produces to USA. Example , her pineapples have to compete with Hawaii. She will continue to export her workers instead of goods!
stfu. Our pineapples go to Japan 🇯🇵 🗾, China 🇨🇳 New Zealand, etc. And PH 🇵🇭 earns $200 billion from abroad.
AI will soon compete with our Export of Workers.
Industry is lagging behind but is growing slowly compared to Asean neighbors.
The government always have their faith on those privatization move, like the steel manufacturing the government could had improved it to a huge industry, really I don’t know when are they going to be serious on the subject of the economy?
I don't believe A.I can replace call center services Industry because Artificial Intelligence don't know the feeling of it's customer.
Absence of robust competition.
phil economy remain stagnant unless they ease foreign investment to do business there,,,
Talaga🎉🎉🎉
Poor infrastructure, water and electrical shortage ,govt labor protective policy , red tapes and etc
Because alot of context is left out of this amazing presentation 😊
True
The Philippines will forge it's own path.
It will handily prefer to develop a service economy rather than industrial production that entails low wages and ecological hazards. Tourism is underdeveloped but petty crime is a hindrance. As I see it, how to address government corruption is the most pressing question. Yes, growth may be slow but growth is growth by any other name.
The Philippines is a politically stable country. Observe that it has not have had a military government since it's independence in 1945. It has strong democratic institutions, an educated populace and wealth in natural resources. While it tries to protect it's national interests, it also abides by international rules and honors it's international commitments.
We don’t have a manufacturing giants like cars even in agriculture we don’t have high tech equipment that’s why our yields are very low.
Exporting people's services are not bad (remittances). I just want to change it to professional and higher educated - engineers, IT and tech industry, doctors, nurses, finance and banking, consultants (white collar) than domestic helpers, construction workers, factory workers and other professions (blue collar). 50:50 ratio is desired. So better educational system is needed. I don't mind if they migrate to greener pastures as long as they keep their Filipino identity alive. No to too much industrialization and foreign ownership as they would endanger our natural resources and foreign companies tend to most of the time take advantage of the local laws and no desire to protect our natural resources and environment, they would just transfer to another area with better business climate and resources they can deplete. The fact that they would own our lands would one day result yo them owning the majority of it and we will be answering to them as the new land owners who got richer from exploiting us. Foreign companies owning our land can inflate the real estate prices like what happened to most countries (US, China, Europe). It will create a bubble that will eventually burst. Cutting off corruption will also help a lot as government expenditures tend to balloon because of it. I hope Filipinos realize that before commenting any bs here about changes that should be done.
Sadly with AI Technology potentially threatening High level
Blue collar Jobs. White collar jobs will be safe from AI for now.
The current biggest export product of the Philippines: Human workers !
What? On going 😮😮😮
Philippines year after year is like the NBA top drafts who had high expectations but never delivers
Not newly industrialized but its a developing country...geez
Mabuhay mga OFW
The Philippines has been and will forever be known as 'The Sick Man of Asia' due to our 1987 Philippine Constitution, which were authored by the CPP-NPA-NDF and their fellow close friends, "Philippine Oligarchs".
Its the uneducated voters who kept on electing corrupt officials. They sell their votes and can easily be deceived by misinformation used by crook politicians in order for them to stay in power. So much for the greedy political dynasties in Ph that anomalies can't be easily detected when those in power are all relatives.
So trueeeeeee!!!!
True, this constitution is absolute filth written by the dirty hands of the globohomo Tagalog elite in Manila. We were doing fine with the groundwork the Spanish and the Americans laid out for us, until the Tagalogs ruined all of it, even bastardizing the once beautiful city of Manila.
True.... Economic provisions do affect plus plus our centralized political structure (presidential system) and centralized territorial administration (unitary system)
Eh hawak po tayo ng mga Intsik sila nagpapatakbo sa Bansa alipin nila tayo sa sariling bansa natin kagagawan yan ng mga angkan ni Cory At ng komunistang China, pinagawayaway tayo para hindi tayo umunlad at hindi mapakinabangan ang sariling Lupa sa mga probinsiya dahil takot ang mga pilipino mag saka dahil kinakaltasan Lang ng Mga kumonista ang kinikita ng malilit na magsasaka sa pangunguton ng revolutionary tax At paghindi ka nagbigay papatayin ka ng mga animal na yan sana itong mga susunod na henerasyon tulad ng mga Millennials At gen Z eh malaman nila na hindi dapat matakot na I sumbong ang mga pahirap sa bayan ng masaka At mapakinabangan ang mga lupain sa probinsiya At I-boto niyo yun hindi suportado ng mga billyonaryong Mga Chinese na hawak sa leeg Ang Mga politicians leaders ng Pilipinas
Yes Philippine is growing because we had geothermal power 10000 megawatts no need fuel, it is 45 % total power consumption, malampaya natural gas give 45 % total power consumption and hydro electric plant is 25 % .now you know why Philippine is growing hahaha 100% no problems in energy
its time to focus the education curiculum into technologies. our philipine country is an importing country all the things here is made in china, japan, korea taiwan etc. we are buying buying buying in other countries we do not have even a single thing to export
There is no perfect country. Just look around and you’ll see imperfections even in developed countries. Either you focus on one thing and neglect the others. Highly industrialized countries are being called out for global warming contributions. Nowadays, food security is very important and depending on other countries for food is no longer sustainable. Some developed countries are now experiencing food shortage because they prioritized industrialization over agriculture. You also have to consider geography when comparing country to country. Philippines is an archipelago, in terms of logistics alone, it is at a disadvantage from the very start. So obviously it has to rely on other factors. Plus, industrialization is the main form of capitalism, it is not sustainable. Soon, countries will go back to basic.
Used land must be confiscated and leased out at low rent.
Main reason is fuel and electricity prices..
culturally has always been a top heavy economy ... due to corruption😢
You're not taking geography into account. The Phillipines is a set of seperated islands, hampered by insurrectionists for hundreds of years. It also never developed a formalized economy due to it's gropgraphic difficulties.
Jungle is a very difficult obstacle to overcome. They however, have a young work force that is now coming of age, they speak English and have grown up in a world free from trauma. Jungle is a big expense.
Im from Philippines. This is TRUE
Giginhawa lang ang pilipinas pag ang nakaupo sa malacañang hindi businessman na politician pa at lalong walang dynasties lalo na sa politika.
Thanks to overcentralization, the Philippines not just experience industrial disaster but disaster in almost all fields
Yup! And we are only starting to correct this now (see the PH Supreme Court upholding the Mandanas Ruling, which gives LGUs a bigger share of the national budget as well as more autonomy in terms of governance)!
The succes of the services sector is why the Philippines will never industrialize. Filipinos are looking abroad to make a career for themselves. The best and brightest go work abroad which is reducing the local talent pool.
The poor and unemployed are not interested in low wage factory jobs. Most of them have family working abroad or in the cities that will support the family. There is a lot of hidden unemployment: people running a small store or farm that are supported by family.
I also cannot stress enough how inefficient the government is. When government agency A wants information that is kept by government agency B, they cannot look it up in a computer. I have to go to agency B, pay a fee and come back a few months later to pick up my printed piece of paper. Then I go back to agency A, pay another fee and they will type the information into their own computer system. It's more about creating government jobs than getting things done.
Philippines gov should get rid of that 60/40 rule,
which ban foreigners from investing in Philippines,
and foreigners can only invest in Philippines in companies,
where the foreigner control only 40% of the shares in the company.
This law turn away 99.9999999 % of all foreign investors who initially thought of investment in Philippines,
and this law is reason for not enough investment in Philippines,
which result in not enough jobs in Philippines,
which result in huge brain drain away from Philippines,
as many filipinos work overseas and eventually settle down overseas,
and become citizens in other countries,
while the Philippines billionaires who have monopoly over the Philippines economy ,
provide high cost services with very bad and inefficient service,
for eg Philippines internet is most expensive and slowest in world,
due to lack of competition from overseas,
caused by that 60/40 law,