philippines could succeed like Singapore

Jack, your points are quite valid, but one "deal killer" issue that no one had addressed is the foreign ownership issues. Why would any foreign investor want to bring large sums in to build factories or infrastructure when they cant own them??? A lack of resources in a Country is not a bar to building a robust economy, it is simply a matter of making the Country "business-friendly"---something the Philippines is definitely NOT! The "Dude"may be right, they will figure it out in their own time---until then, the majority of each years crop of college grads can be either unemployed, underemployed or become OFW's, a sad waste of human capital.

 

Well here in the US we may have set a precedence by allowing a foreigner to be president.

 

The Church needs to stop it's propaganda program. Just read an article from a priest in a local paper stating that there is no difference between contraception and abortion. WTF? Filipinos are not motivated like the Chinese. You see Chinese every where in dumaguete. They are aggressive and motivated when it comes to business. Oh, they are tight wads too.

Ed Lee, owner of the Lee Supermarket chain, shows up at resto where I go all the time. He's there with his two security dudes. To make a long story short, he uses his loyalty card to get his 10% discount and leaves no tip. There you go.

The filipino mindset needs to change, if they want to be like Singapore, but don't see that happening, because you have populace that is uneducated, the Church brainwashing it's flock, and you have the same schmucks being elected to office.


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Check out getrealphilippines.com


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That new building next going up near Why Not belongs to Ed Lee. Yellow Cab Pizza will be there with other resto.

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"To lift the Philippines out of poverty, economist Antonio Meloto, founder of Gawad Kalinga, believes the next generation of Filipinos needs to create jobs at home rather than seeking jobs abroad." I thought this was an interesting and true statement. This video from PBS is thought provoking and I believe well done.

Video: Social Entrepreneurship in the Philippines | Watch Religion & Ethics NewsWeekly Online | PBS Video

 

Very true and I said as much in another Thread on Local businesses but they never seem to progress and sustain a business and that is going to be a Big, Big factor in any Progression.

JMHO
JP

 

I think the problems in the Philippines are far too complicated for us to resolve or even understand. Corruption, attitude, lack of personal responsibility, bureaucracy the list is endless. Perhaps one day they will join the other Asean countries in becoming successful, but I think I shall be long dead before that happens.

 

It is just as much the pay scale as it is the jobs. In 1999 in Hong Kong my Filipina helper had a nursing degree from Iloilo but made much more ($500 mo.) in Hong Kong than she could as a nurse in the Philippines. The U.S. creates jobs in the Philippines with their call centers but the wages they pay are too low so the smart ones become OFW's. I guess it is a third world phenomena.