the Philippines has been plagued by
regional instability disunity and
corruption which has long been a
hindrance for economic growth
in order to solve this we must look for
a solution in the long term as a
problems already at its roots with
already in exorbitant taxes it must be
properly allocated firstly we disregard
unnecessary  expenditures as our
country is notoriously known for graft
and mishandling government budget firstly
every peso must be accounted for and used
efficiently and effectively in every
project whether it be investments in our
technology infrastructure or
agriculture as we must restore public
trust furthermore taxes as the lifeblood
of the government must add we uselessly
wasted as it is what gives growth
economy maximizing the skills and
efficiency of the labor force and
realizing less honor methods based
economy which sends most of our skilled
workers and a professional school abroad
must be prioritized next step will be
reducing debt which will make our
country less reliant on foreign bankers
which has repercussions like lenient
foreign policies and higher interest
rates also monetary policies including a
country's central bank and its reserves
can have a long lasting impact on a
country's economy with commercial banks
and  public trust and interest
the deregulation of free market is one way
to help inflation the regulation of the
market will help us to balance the
market
if this happens there will be more
competition and when there is more
competition it means low price the
consumers will always be practically no
matter what happens they always want the
price of the products to be low this
will promote consumerism and it will be
good for the economy if the consumers
will know that consumerism is happening
they will have this mindset that let's
get this product now while it's still
cheap because maybe one day the price
will be high and there goes the velocity
of money if the rotation of the money
will be fast the transactions will be
more frequent and if this happens this
will leave our hands with much more
productivity next step is putting the
tax in the place where it should be
being transparent in our expenditures
and more efficient we should increase
the rates through the central bank with
that we taxpayers are paying the tax
properly and I think the government
should also use the money directly the
efficiency in spending for the
government will also have to solve the
issue for inflation loaning is not bad
if it is controlled but if it is not
managed properly
things might not end well the
Philippines have a big debt to China and
I think this is one of the main reason
for causing the inflation if you come to
think of it but the Philippines does not
have debt or control the debt
we can be free and there is no need to
increase the tax we should know how to
control debt and this will be a big help
for the poor in our country especially
the current issue
with the advent of globalization the
world's become a smaller and more
unified place the Philippines was
therefore adapt and we were active in
the global community
international trade being one of the
primary sources of the country's economy
must be taken to account the Philippines
must reposition itself as a global
trader as an agricultural country we
have a plethora of products offer the
world with cash crops such as mango
cocoa and other exotic fruits loosening
tariffs would encourage traders to deal
with the country rather than its
competitors furthermore modernization
and investment of its merchant fleet
would be advisable further cooperation
with its exclusive economic zone
partners in asean should be considered
like partnerships and trading and
technology development friendly
bilateral relationships with the
countries like japan should be invested
in while maintaining neutrality in
disputes reducing debt in the country
should be taken into account as this
will hinder foreign exchange rate
industrial zones of the country we take
into account tourism being one of the
primary sources of its revenue should be
rehabilitated with locals being educated
to preserve the pristine beauty of their
homes they should also be invested in
with the intention of growing the
industry
poverty is the worst form of violence as
Mahatma Gandhi once said as dominant
issues not military action in a
staggering 21.6 of the population living
below the poverty overpopulation and
lack of resources and employment is the
root cause with a financial gap between
the rich and the poor becoming wider and
wider with this being said it is
important for the government to take
steps one of which would be the
improvement in the public education
system which will provide those who
cannot afford means or access to a
better future and a chance to study and
join the workforce second would be the
welfare programs which is to reduce
those who are homeless and living a life
of crime just to feed their families
giving them jobs honest jobs and
livelihoods
additionally educating the people or the
population especially those living below
the poverty line about the family
planning can be  local government
units must be active in platforms about
family planning increase the minimum
wage would be a grade of help as this
would provide low-income earners
the means to feed the families and go up
the social ladder through means of
starting their own small businesses as
such also improvement on Social
Security's Phil health pag-ibig and
other benefits would benefit greatly as
this would secure their basic needs and
future useless taxes should be removed
as this is a burden to the public
unemployment will always be evident in
every country especially here in the
Philippines since it's a third-world
nation this greatly affects the economy
of the Philippines as well because it
basically means that people are not
contributing anything to society since
they are unemployed however this does
not mean that there is no hope to change
this reality if a proper economic
development plan for unemployment is
thought through then there may be a
chance for the economy to rise there are
several ways on how to come up with this
kind of economic development plan
through the improvement of education and
for this education to be free to those
who cannot afford it
since the Philippines is known as a
third world country poverty is another
known challenge meaning most families
cannot afford education however if this
becomes more available to people it will
be easier for them to finish their
studies and be able to contribute to the
economy by pursuing a job they would
want to do another way is this helps a
country because first they will be able
to open up jobs for those who are
unemployed decreasing the unemployment
rates of the Philippines second there
will be more ways for money to go
through the money cycle or the economic
development plan can also work around
increasing wages to give the employees
so that money can revolve properly in
the economy they can also work with
opening up loans that may do the same
thing since it will drive productivity
from people to be able to pay back their
loans however looking at this there must
be a way
also to have a debt control in case
things go out of hand in conclusion
 
unemployment is a big problem that
conscious faced however they're always
solution for this
