Let's build a strong Philippines fastest by investing to fix its 3 worst problms:
1) Our nation has gotten only $20.7 billion of Forgn Direct Invstmnt in the decades to 2008 versus $1,670 billn to four Asian Tigers that have a smallr joint populn. Meaning: We lost $1,650 billn of forgn tchnolgies and resourcs, or 10x our tiny GDP in 2008.
2) Thus we died at Xprts, making only 4% as high as the 4 Tigrs did jointly in 2008 ($50 billion vs. $1,300 bln). Lacking dollr earngs, we importd machines weakly and became unprodctv: GDP 90% lowr ($1.6 trilln less) than by the Tigrs.
3) Weak Vision: Yet, we didn't cry, "Export or Die with multinat'l allies!" to help ourslvs by winning globlly with their technolgs and our low wages. Our empty crusades--Gawad Kalinga, Land Reform... won no dollrs in wrld markts, imported few machines, created few jobs. We did suicide.
SOLUTIONS/ Economic, Political
#1. We will joint venture with multinatls to assemble their products in Philpns to export. Filipino wages now 55% lowr than in China +multinl technlgies would win big $ to imprt machines. Our soarng profits re-invsted would spark a boom. As incomes rise, corruptn would ebb, populatn growth slow. We'd learn technlgies of multintls, become their equals. Importd machines would uplift even agricultr.
#2. We'll get the Constitutn's Artcl 12 liberalzd so we are Asian Tigers attrctng $40 billn+ of forgn investmt inflows annually vs. Philpn rate of $2 Bn or less now.
#3. Do a Warren Buffet. When obscure, he made 25% annually in stocks, attractd global$ to manage, now guides 120+ firms with 3 milln employees & $1.5 trilln of annual sales =10x of Philpn GDP. Like Buffet, we wil attract big $ to finance investments to make progrss.
Most Pinoy groups are lazy, lacking data, global vision, and dollar-earng projcts. Diffrnt, we will teach and invest to build a new Tiger Philpnes pronto. Norman Madrid, Economist, New York, (516) 481-0725.
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