UP profs Magno and Punongbayan apply economics to traffic, tuition, and corruption
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- เผยแพร่เมื่อ 6 ธ.ค. 2023
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Economists JC Punongbayan and Cielo Magno discusses the significance of applying fundamental economic principles when formulating the nation's laws, underscoring the pivotal role of economic understanding in effective policymaking. Why is it essential to apply fundamental economic principles in shaping the country's policies? | #LongConversation
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They're public intellectuals. We need more of them to clarify our public discourse.
Cielo & Punongbayan are excellent in translating difficult economic concepts to more comprehensive ideas. Listening to this discussion gives peple better perspective why present situations do exist and how economics can help improve human social and financial conditions.
Napakahusay na mga ekonomista! It’s definitely a must watch video if you wanna learn the importance of economics in our society esp in Philippine setting! 🙌
SALAMATt. ! KAILANGAN NAMIN ITO. ! EDUCATE NIYO KAMI BAYAN. !!!! 👍👍👍❤
Agree, economics is everywhere. Not limited to purchasing power and money. It has relevance and implications in our daily lives.
if there is no system to pay a tuition fee at UP and you can afford to pay for your children to study there, then I suggest that you donate your money to UP PGH.
Ang galing. Ganda ng conversation.
Great discussion
Very informative haaay. ❤🎉
Why not bring back the practice of Socialized Tuition Fee for Tertiary Education.
Gcash na corruption …
8:49 - Iyong tungkol sa 'mining' na binanggit ni Madam Cielo bilang isang halimbawa ng 'economics', yung sinasabi nya na hindi pinag-uusapan ng gobyerno, 'media' at madla ay yung maling hatian ng kita sa pagmi-mina. Tama sya na dapat 60% (gobyerno) 40% (kumpanya) ang hatian sa kita kasi dapat tayo ang makikinabang ng lubusan hindi ang kumpanya dahil ito nga ay isang "natural resource" pag-aari ng ating bansa. Ganu'n ang ginawa ng bansang Norway nu'ng simula nang matuklasan nila na may krudo sa kanilang bansa na agad nilang ipinatupad ang ganyang hatian. Ngayon mayaman ang bansa nila.
Yung tungkol naman sa kasabihang "natural resource curse" ay totoo iyon. Kasi ganun ang nangyari sa bansang Venezuela. Kung matatandaan ninyo na natuklasan din nila na mayaman din pala sila sa krudo pero nauwi lang sa "mismanagement" ang yaman na kinita nila sa pagbungkal ng krudo. Huwag sana tayo matulad sa bansa nila.
I have high respect for both Prof Cielo and Prof JC… but I’m not sure if they were able to provide examples that are very “real” for an ordinary Pinoy citizen.( I think that was what the interviewer was hoping to achieve)
I get your sentiment. Both of them didn't provided a tangible answer to some of the questions. Like on those questions related to the benefits of Economics in the Philippine Society as a whole. But we can still say that they sufficiently expounded on the fact that Economics can help policy-makers to make Data-Driven decisions, the type that the next generation will truly appreciate. Di lang Basta Basta policy making in the end may negative unintended effects pala.
Goodness - Wrong answers for the wrong questions -
where? which part? state the wrong questions & answers & give us the timestamp when it happened.
These are pygmies compared to Mareng Winnie -
Tanong lng gaa travel expenses 2023 congress 2.066billion tapos 39million plus na spend december na..do you think its good economics?
Those travels are encouraged by the system because hopefully they will bring back foreign investments to create employment which will generate money for the workers thus enable them to purchase goods that will make the economy go round, one of the potential benefits of those travels. You can think of those travel expenses as investments wiht the hope of earning returns over time. Pero bibigyan kita ng argumento laban sa mga magastos na foreign expeditions na yan ni BBM. Ang sasabihin mo lagi, "pano magpupunta sa Pinas ang investors kung MAHAL ANG KURYENTE, LAGI PA BROWN OUT; laging traffic, mabagal internet, matindi ang corruption, maraming walang pinag-aralan kaya no skills, mahal ang bilihin, walang matirahan ..." LOL
Congress tinutukoy hindi office ng pres. Hayaahhh ....
left leaning economics
The interviewer has to repeatedly ask questions because they are the typical academic that talks about theories.
Just imagine a talk show where the host is not asking questions, who do you think will watch that show? Ikaw? lol Or maybe you're hoping the guests will be the ones asking questions to the host? lol
@@WAN2TREE4 Huh? Seems like you did not understand my comment. Richard has to repeatedly ask the same question because they cant come up with specific practical answers. They cant come up with those kind of answers because they are from the academe. They lack the real world experience of managing money and economy. Look how stephen cuunjieng respond compared to these two.
@@gamingcentral2295 For one, read your initial comment again and see what kind of response you'll get. Stephen Cuunjieng is an investment professional so he knows his thing about money, similar but different area of concentration. Yung host mismo nangangapa kung pano ipe-phrase yung tanong nya so he has to try and try again. Lastly, I am sure they have many answers to the question (professors) but in the process of choosing the exact scenario they ended up unclear to you.
@@WAN2TREE4 richard wanted to ask specific answers to problems. They cant come up with specific answers because their experience is in the classroom. Thats a typical academic. They cant come up with practical answers/policies that work.
As a market participant, we get frustrated when these jokers comment on the economy based only on economic theories. I believe those people that have created value from something. They don’t get their political affinity to cloud their business decisions. At the end of the day money doesn’t have a flag.
When we overthrow the Marcos Sr. regime we also throw the government capability to care about industry, when steel company is losing in international scene, the government can rescue and cut a deal to certain industry in the end just like the saying " we throw the baby out with the bathwater" we should bring back the government capability to build care and rescue industry just like VietNam, communist sila pero nakapagbuild sila ng industry thru this method.
Sayang yung season na yun na na reset ni Cory,nag back to zero tayo.
@@MarioValentinoTV hard reset nga bro, naging open market lahat hinayaan sila. kasi takot daw sa "corruption" wala na naging maintaining saka regulators nalang yung gobyerno di na kaya mag taguyod ng industriya, dati kasi pag malugi nirerescue ng gobyerno e or kung kakasimula palang may tulong talaga kung umayos na binibitawan na from there tamang guide nalang sila kung ano dapat ang gawin, gaya ngayon wala na guide yung mga billionaire kung saan nalang kikita doon mag invest sa pag kain yung Thailand CPfoods corp sa VietNam VinaFood Indonesia may PTPNXIV nung nawala yung ganong method nawala din industries Manufacturing sa marikina tubuhan sa negros/iloilo nawala din steel making nawala din TADECO nwala lahat ng pang balancer sa free market. I believe marcos Sr. has the right prints of nation building in an Industrialist POV. pero during that day andami rin namang corruption pero gaya nga ng sabi ko sana inalis nalang yung corrupt ipinagpatuloy yung industry building.
Sbi nga ni tabako... Hnd dw business ang gobyerno. Kya bnbenta nsc
@@MarioValentinoTV You don't know what you're talking about.
Wow lumabas ang tunay na kulay 😅😅😅pink na pink 😅😅😅😅
Hula ko hindi mo naintindihan yung usapan LOL Kung naintindihan mo sigurado iba ang sasabihin mo at hindi ka matatawag na TANGA.