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Philippines Economics

Philippine economics are based on food, textiles and garments and electronics assembly. It is an emerging market with substantial growth in the past 24 years thanks in part to an increase modernization of management and production.

487 Questions

Domestic harvest in the Philippines?

The Philippines harvest many crops. Among them are rice, corn, bananas, coffee, tobacco, peanuts, coconut, garlic, cabbage, onions and pineapple.

Example in essential characteristics of taxation?

1. it is the exercise of a high act of sovereignty

2. it is a legislative prerogative

Why is the Philippines heavily in debt?

Probably because Ferdinand Marcos (ex-president) robbed the country blind in the 70's and it has never recovered ffffrom its national debt

What are the Rules and regulation on relay events?

In relay events, a competitor cannot move from their sport until the prior competitor has arrived. Also, a competitor has to stop and pick up the baton if it falls on the ground.

What can you say about the Philippine Government system and its performance?

The Philippine government is a democracy much like the United States. The government is divided into executive, legislative and judicial branches. Public approval is relatively high and the government seems to be performing well.

What is the political institution of the Philippines during the spanish period-heirarchical political set-up?

Spanish rule for the first 100 years was exercised in most areas through a type of tax farming imported from the Americas and known as the encomienda. But abusive treatment of the local tribute payers and neglect of religious instruction by encomenderos (collectors of the tribute), as well as frequent withholding of revenues from the crown, caused the Spanish to abandon the system by the end of the 17th century. The governor-general, himself appointed by the king, began to appoint his own civil and military governors to rule directly. Central government in Manila retained a medieval cast until the 19th century, and the governor-general was so powerful that he was often likened to an independent monarch. He dominated the Audiencia, or high court, was captain-general of the armed forces, and enjoyed the privilege of engaging in commerce for private profit. Manila dominated the islands not only as the political capital. The galleon trade with Acapulco, Mex., assured Manila's commercial primacy as well. The exchange of Chinese silks for Mexican silver not only kept in Manila those Spanish who were seeking quick profit, but it also attracted a large Chinese community. The Chinese, despite being the victims of periodic massacres at the hands of suspicious Spanish, persisted and soon established a dominance of commerce that survived through the centuries. Manila was also the ecclesiastical capital of the Philippines. The governor-general was civil head of the church in the islands, but the archbishop vied with him for political supremacy. In the late 17th and 18th centuries the archbishop, who also had the legal status of lieutenant governor, frequently won. Augmenting their political power, religious orders, Roman Catholic hospitals and schools, and bishops acquired great wealth, mostly in land. Royal grants and devises formed the core of their holdings, but many arbitrary extensions were made beyond the boundaries of the original grants. The power of the church derived not simply from wealth and official status. The priests and friars had a command of local languages rare among the lay Spanish, and in the provinces they outnumbered civil officials. Thus, they were an invaluable source of information to the colonial government. The cultural goal of the Spanish clergy was nothing less than the full Christianization and Hispanization of the Filipino. In the first decades of missionary work, local religions were vigorously suppressed; old practices were not tolerated. But as the Christian laity grew in number and the zeal of the clergy waned, it became increasingly difficult to prevent the preservation of ancient beliefs and customs under Roman Catholic garb. Thus, even in the area of religion, pre-Spanish Filipino culture was not entirely destroyed. Economic and political institutions were also altered under Spanish impact but perhaps less thoroughly than in the religious realm. The priests tried to move all the people into pueblos, or villages, surrounding the great stone churches. But the dispersed demographic patterns of the old barangays largely persisted. Nevertheless, the datu's once hereditary position became subject to Spanish appointment. Agricultural technology changed very slowly until the late 18th century, as shifting cultivation gradually gave way to more intensive sedentary farming, partly under the guidance of the friars. The socioeconomic consequences of the Spanish policies that accompanied this shift reinforced class differences. The datus and other representatives of the old noble class took advantage of the introduction of the Western concept of absolute ownership of land to claim as their own fields cultivated by their various retainers, even though traditional land rights had been limited to usufruct. These heirs of pre-Spanish nobility were known as the principalia and played an important role in the friar-dominated local government.

What happen to the political system that you have in the Philippines now Is there a problem in your system or the problem lies in the people running the system what do you think then should be done?

It is really hard to answer this question.However, it's a good one. The political system here in the Philippines, I think, is not applicable now to the country. The problem in the political system in the Philippines is that it cannot go with the changes in the country. For example, there are no laws that answer the problems in corrupt officials( if ever there is, it is not exercised properly). The people in the government also adds to the political turmoil in the country. There are many corrupt officials who are free to do what they want. I think both the political system and the people running the government should both be blamed. Both should be cleaned.

Who is the NHA secretary?

The National Housing Authority (NHA) of the Philippines secretary is Atty. Ma. Magdalena De Leon-Siacon. The office handles the housing projects of the government.

Importance of agriculture?

it helps you improved your knowledge farming and food production.

Economic status of the Philippines in year 2008-2009?

well when it comes to infrastructures, i do believe that there was an improvement.. bridges, roads, etc.. but i dont think it affects or improve our economic status..

Are dogs allowed in Cebu Pacific airplanes?

Seeing-eye dogs are allowed, as long as the airline has been notified upon booking. Dogs can also be transported via cargo, after the owner signs waivers.

History of marketing in the Philippines?

The history of marketing in the Philippines dates back to the olden days when trade started. The marketing trends have changed over the years but the concept remains the same; to persuade consumers to buy goods or services.

What are the controversies of Diosdado Macapagal?

From 1961 to 1965, Diosdado Macapagal served as president of the Philippines. During his presidency, Harry Stonehill, a $50 million business owner in the Philippines, was investigated for tax evasion, smuggling, and other corrupt deeds. Macapagal deported him rather than prosecuting him despite claims that he wished the campaign against corruption in the government.

Who were 10 economists and what were their contributions?

1. Fan Li is recognized in most circles as the earliest economist. He worked during the Chinese Spring and Autumn Period and used the concept of buying low and selling high in the feudal agrarian society of Ancient China.

2. Richard Cantillon lived in the 18th century and wrote Essai Sur la Nature du Commerce en Général, making him one of the first economic writers.

3. David Hume a Scottish historian and philosopher, was also an early founder of economic concepts and is considered to be one of the "classical economists"

4. John Stuart Mill a British political economist and philosopher, John Stuart Mill was a recognized contributor to political economy, social theory, and political theory.

5. Carl Menger is the founder of the Austrian School of Economics and was selected to lead a commission to change the Austrian monetary system.

6. John Maynard Keynes, a British economist, was the creator of Keynesian economics. He was also the founder of modern theoretical macroeconomics.

7. James Tobin, An American economist and Nobel Prize Laureate, James Tobin served on the Council of Economic Advisors and the Board of Governors of the Federal Reserve System.

8. Paul Krugman is a 2008 Nobel Memorial Prize in Economic Sciences winner and a supporter of modern liberal policies.

9. Fengbo Zhang, Dr. Zhang is a leading Chinese economist who introduced Western Economics to China, also the founder of China GDP and Macroeconomic Research.

10. Ludwig von Mises was a social philosopher who created a conclusive science of economics founded on the idea that individual human beings act on purpose in order to achieve goals.

Source: Wikipedia http://www.paidemployment.co.uk/Articles/AID00110.aspx