Mr. Henry Byroade, former U.S. Ambassador to the Philippines once said "Money is power anywhere in the world but particularly in the Philippines". In spite of the past and present administrations' considerable efforts to curb black markets, they continue to this day unabated. This could be atributable to the close proximation of the Philippines to Hong Kong, long considered to be something of "a smuggler's paradise".
Two of the most common black market activities revolve around sex and drugs. Sexual activities are not limited merely to prostitution. Child prostitution, of both sexes, is common. Also, throughout much of Southeast Asia one can readily find astounding transvestite (male)prostitutes. Pedophiles come to Manila, the capitol city, from as far away as Europe, Australia, and the United States. One former American military personnel dubbed the Philippines a "Disneyland for grown-ups".
Drug use is quite commonplace throughout the Philippines. Most of the substances which are abused in countries like the United States are not readily available in the Philippines, but rest assured they have plenty of their own narcotic substances available, most popular of which is "shabu".
Shortly after World War II, political and economic conditions in the Philippines were ripe for smugglers, particularly to-and-from neighboring countries like Malaysia and Singapore. In a war-ravaged economy, many staple needs were in short supply. Smugglers had a field day. Common items like liquor and cigarettes were profitable commodities for smugglers but even sundry items such as onions and garlic lined the pockets of many smugglers before the police eventually caught up with them, often resulting in bloodshed.
If you would like a good broad overview of the black maket situation in the Philippines, I suggest you try to rent the movie "Cavite" at your local library or video store. It will provide you with a very frank and sometimes unsettling picture of what life is really like in "the Pearl of the Orient".
market xtine In short, the economic activities in the Philippines are both free of intervention and with government regulations. It may be regared as mixed economy.
capitalism is a type of economic system in which property resources are privately owned and markets and prices are used to direct and coordinate economic activities. Free market means that there is no government influence impeding upon market activities
A country's currency flunctuates due to the country's economic activities
The circular flow of economic activity is a model showing the basic economic relationships within a market economy.
they determine what goods and services are produced
market xtine In short, the economic activities in the Philippines are both free of intervention and with government regulations. It may be regared as mixed economy.
Yes. By definition, black market activities are those that are dealing in illegal goods.
prostitution illicit weapons
capitalism is a type of economic system in which property resources are privately owned and markets and prices are used to direct and coordinate economic activities. Free market means that there is no government influence impeding upon market activities
A country's currency flunctuates due to the country's economic activities
The circular flow of economic activity is a model showing the basic economic relationships within a market economy.
In 2017, there were around 50 billionaires in the Philippines. This number fluctuates over time due to various factors such as economic conditions and market performance.
an economic market is when people distrubte
The black market is, by definition, illegal. The term black market is slang for illegal market. It can refer to the trade of illegal items, such as drugs, or it can refer to an illegal method of trading items, such as the black market distribution of human organs.
The black market is illegal because it involves the trading of illegal goods or services, evading taxes and regulations, and often contributing to criminal activities. It undermines the legal economy and poses risks to public safety and security.
Black Market Activities was created in 2003.
what is the federal partcipation in open market activities??