Economy

Economy·Foreign Relations·Institutions·Politics

Foreign investment hasn’t done much to develop the Philippine economy

The Philippines has steadily opened up to foreign investment since the Marcos dictatorship started opening it up in the 1970s. Annual foreign direct investment (FDI) inflows were negative US$4.1 million in 1970 and US$22 million in 1971. Welcoming the economic policies under

March 17, 2023

Alternative media·Economy·Peasantry

35 years after CARP, farmers still call for genuine agrarian reform remain

By ANNE MARXZE D. UMIL Bulatlat.com MANILA – Farmers groups along with other sectors held a protest in front of the Department of Agrarian Reform then marched to Malacañang in Mendiola on Friday, June 9, to ask Ferdinand Marcos Jr. to address

June 13, 2023

Agriculture·Economy·Institutions

Agriculture weakened despite capital inflows in sector

Charter change advocates in Congress claim changing the constitution to favor foreign direct investment (FDI) will develop the economy. Yet while foreign capital poured into the agriculture, forestry and fisheries sector over the years, its share in the economy has plunged. The

March 23, 2023

Economy·Institutions

Trade deficit worsened as FDI increased

Charter change advocates hype FDI as a way to strengthen the economy, particularly the manufacturing sector. Manufacturing already overwhelmingly dominates the country’s exports. However, in the absence of Filipino industrialization, FDI dominates domestic manufacturing. Foreign manufacturers and foreign investors in general have

March 23, 2023

Economy·Employment·Institutions·Labor

Job creation weakened despite rapid FDI growth

One of the key arguments of charter change proponents is that liberalizing the economy to FDI will create more jobs. But job creation has actually weakened even as foreign direct investment inflows increased. In the past two decades, annual FDI inflows increased

March 23, 2023

Economy·Employment·Institutions·Labor

Unemployment worsened even with more foreign investment

Proponents of charter change insist that more FDI from changing the Constitution’s economic provisions will create job opportunities and decrease unemployment. Has unemployment decreased as FDI increased? Annual FDI inflows increased from an average of US$1.6 billion annually in the decade 2000-2009

March 23, 2023

Economy·Institutions·People

Millions of Filipinos still poor despite foreign investments

Some politicians claim that more FDI after charter change will reduce poverty. However, poverty has stayed high over the years of increasing FDI. Annual FDI flows have been increasing and especially rapidly after 2010 to reach historic highs. In the past two

March 23, 2023

Economy·Institutions·Labor

Worker wages not keeping up with their productivity

Worker productivity constantly increases, but workers don’t feel this with higher wages. NCR worker productivity increased by 42% over 2012-2021, measured as gross regional domestic product divided by employment. But the minimum wage only went up by 18%, so the productivity increases

March 17, 2023

Economy·Institutions·People

The right size for development?

The use of propagandistic language to push undesirable policies is very much alive under the Marcos Jr administration – arguably even more alive than ever. The economy, for instance, is always glowingly described despite how difficult things are for the majority of

March 17, 2023

Economy·Labor·Revolutionary movement

Kawalang trabaho, tumindi noong Enero

Tulad ng inaasahan, dumami ang bilang ng mga manggagawang Pilipino na walang trabaho noong Enero. Pinatingkad nito ang kahungkagan ng mga pahayag ng mga upisyal sa ekonomya ng rehimeng Marcos na “bumabawi na” ang ekonomya. Pinasisinungalingan din nito pahayag ni NEDA Sec.

March 17, 2023

Agriculture·Economy·Peasantry·People·Women

Celebrate and recognize women farmers’ vital role in agriculture and economic development

Today on International Working Women’s Day (2023), we march together with women from various sectors, including labor unions, human rights organizations, to call for equal rights and opportunities for Filipino women. Today’s women’s march also aims to raise awareness and demand action

March 8, 2023

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