The Philippines' Problems And Possible Policies Essay

The Philippines Problems And Possible Policies - Essay ExampleRobert Babe (37) emphasized Economists, after all, are inclined to limit their professional attention to those human interactions or exchanges mediated by money, barter being a notable but minor exception. rambling Acts, in contrast, focuses on non-monetized, verbal, symbolic interactions, thereby calling attention to a bifurcation of the field of human interaction -- into the realms of the economic and the no economic (or what I provide term here the purely communicator). The quote clearly shows that the economy of, including the Philippine human relations, is grounded on economic factors, which includes gross domestic product.To resolve the inflation publish of the Philippines, Don Paarlberg (159) states A small group of economists, chiefly libertarians, propose taking the monetary system out of the hands of government and leaving it to private enterprise. Theoretically, the grocery would discipline the supply of mo ney to keep its value at a stable level. This proposal has won acclaim from only a few. Money cannot parcel out itself, said Bagehot, a nineteenth-century economist. The government has the power to reduce the inflation rate by increasing the supply of money into the economy. Inflation is the increase in the prices of goods and commodities. Microeconomics also states that a decline in the demand for the products will reduce the demand and price of the product. Second, the ethnic issues include a major portion of the countrys race wallowing in poverty. Only a small percentage of the ethnic population is living in rich levels. The Philippines ethical structure is 92 percent, Christian Malay, 4 percent Muslim Malay, 3 percent other ethnic groups, and 1% Chinese ethnic group. The economy is run by a majority of Christian Malays.Third, the political issues include a democracy that is filled with many contradicting forces. The government is beset by allocating its scarce financial resour ces. The democratic government is patterned on the United States political government. Elections are made for the President, Vice President, Senators, Congressmen, Mayors, Governors, and other political leaders for a fixed term. With the democratic government, some persons use goons to force the heap to elect the goon leaders as the elected government officials. Likewise, the democratic political system allows any person to use the money to buy votes from the people. several(prenominal) of the poor residents accept the tradition of accepting money for their votes. 2. Projections There are many positive prospects for this country and its economy. First, the countrys being a cause colony of the United States gives it the American educational and societal advantage. The Filipinos can apply for jobs in other countries where the main language is English. Many