From a cursory review of certain macroeconomic figures taken from The Economist, the following can be summarized:
Discusses why more personal and parental responsibility, more competition, less politics, less taxes and less coercion will bring more peace and prosperity in society.
For starters, there are three other investment grade status that the Philippine economy and Philippine-based companies can aspire to reach: A, AA and AAA, with the latter as the most stable, most reliable status. There are intermediates of +/- between these grades, like A-, A, A+.
The less import-dependent service exports like business process outsourcing (BPOs) tend to create more local jobs and more local support businesses. Thus, an economy must aspire to ramp up its exports capability as there is unlimited number of consumers in the global market.
There are two main reasons why a person is unemployed. One is that he is rejected due to under-qualification or over-qualification (may demand higher pay later on), and two, he chose not to be hired at a particular job description and pay. The first is involuntary unemployment, outside the control of the job applicant while the latter can be considered as voluntary unemployment, within the control of the job applicant.
There are at least two good news for the Philippines in this report. One, its average score in the three indexes is slightly higher than the global average. Meaning we have more personal and economic freedom compared to many people and countries around the world.
Under socialism, if the average per capita income of the very poor was $1 per day and that of communist party officials and their cronies was $100 per day, then that’s a 1:100 income gap between the two extreme income groups.
UHC is attained if at least 85 percent of the total Philippine population is covered by the Philippine Health Insurance Corporation (PHIC or PhilHealth). Since its creation in 1995 and despite various schemes from various administrations (Ramos, Estrada, Arroyo, Aquino), PhilHealth has not attained that 85 percent beneficiary coverage. Last year though, PhilHealth reported that it has finally achieved the UHC coverage.
There are two problems that I see. One, there is insufficient branding of taxi. Unlike airlines, shipping lines and bus lines, there are no clear taxi brands that people can easily find or recommend, except the yellow and “Bayan ko” white airport taxi whose routes are restricted to and from the airports.