Tags: Satisfaction Comes From Helping Others ThesisColleges With Good Creative Writing ProgramsMy Family Essay In Sanskrit LanguageLast Day Of School EssayWhat Are Some Critical Thinking Tools And TechniquesThesis Editors Los AngelesBusiness Plan Vs Business ModelLiberal Arts Colleges With Creative Writing MajorEmpirical DissertationWater Pollution Essay In Bengali
Ramos says the study commissioned by the ADB should serve as a wake-up call for the Philippine government and the private sector to address pressing problems that continue preventing the country from catching up with its neighbors.War against poverty Ramos says the country, first and foremost, has to address the problem of poverty—adding that population management is a prudent way to do it—if it is to become one of the most progressive economies.
Total investments, including those of locals, stood at only 15.6 percent of the Philippines’ gross domestic product in 2010.
This figure was inferior compared with Cambodia’s 17.2 percent, Malaysia’s 21 percent, Thailand’s 26 percent, Indonesia’s 32 percent, and Vietnam’s 39 percent.
The study—titled “The World in 2050” and authored by Karen Ward, Nick Robins, and Zoe Knight of HSBC—has refueled the debate over whether the country’s growing population is really an advantage or a drag on the Philippines’ quest to becoming a developed economy over the long run.
The release of the study came amid ongoing talks on the Reproductive Health (RH) bill, which is both being strongly pushed by supporters and ardently blocked by critics. Pernia, an economics professor from the University of the Philippines and a former economist from the Asian Development Bank, says a growing population serves as an advantage for an economy only if it meets the quality of labor required by businesses.
Former president’s doubts The HSBC study has caused not only an economist but also a former president to express his doubts. Ramos, who says he regretted that the administrations that came after his did not make a strong follow-through on the population program during his term, says the projection of the HSBC study was pleasing, but stressed that it was a fallacy.
“It is not the quantity but the quality of the labor force that counts,” Ramos says.Pernia also notes the drag caused by poverty on tourism, which many consider to have a great income potential if the country’s natural resources were the sole factor to be considered.The UP economist says the picture of poverty is a turnoff for some tourists.Educated workforce While other Southeast Asian countries were able to trim their poor populations over the years, the Philippines has seen its poverty incidence rise.Latest government statistics show that the number of poor Filipinos stood at 26.5 percent of the Philippine population in 2009, up from 26.4 percent in 2006 and 24.4 percent in 2003.De Vera opines that the problem of poverty, although a heavy burden, is easier to solve than the problem of not having enough people.He says controlling population growth poses the serious threat of population aging and dwindling number of human resources, which many advanced economies now face.This trend leads to the problem of inter-generational poverty, he says.‘Shoddy’ “It seems that HSBC, in drawing its conclusion, just considered the size of the population, completely ignoring the fact that for a labor force to become an asset, it must be educated,” Pernia says, describing the conclusion of the HSBC study as “shoddy.” Pernia says policymakers should acknowledge that resources—both of private households and the government—are just not enough to educate all Filipino children.This point is substantiated both by the significant number of out-of-school youths who belong to households that cannot support them, and the insufficiency of public schools, classrooms, and other facilities needed to provide good-quality education to all the country’s school-aged children.The problem of poverty has been cited by many international institutions, including the ADB and the World Bank, as one of the biggest challenges that the Philippines has to overcome.