Beruflich Dokumente
Kultur Dokumente
In Partial Fulfillment
Of the requirements
In The degree of Bachelor
of Science in Business
Administration
Proposed by :
Reyes, Gian Anamae
BSBA-2E
ACKNOWLEDGEMENT
I am grateful to my thesis adviser Prof. Emmanuel Ogbac, for his guidance and support.
His expertise in order to improve my research skills and prepared me for future
challenges. I thank my relatives and friends for their helpful suggestions and comments
during my study. I also thank to my cousin Mark Ian Magallano for his assistance in
reconstructing my research paper. And specially to my parents and others who in one
way for another shared their support, either morally, financially and physically, thank
you. Above all, to the Great Almighty, the author of knowledge and wisdom, for his
countless love.
I-
Background
of
the
study
...................1
A.
Topic
History
...............................2
B.
Sub
topic...........................
.........3
C.
Terms
to
be
defined...............4
D.
Current
Issues
and
Concerns....7
II-
Economic
Implication.................
...8
A. Importance
of
the
topic.9
Research
IIISummary....
..........................10
Conclusion.
...............................11
Recommendation................................................................................................
...............12
Philippines saw the period of higher growth, but the Asian financial crisis triggered in
1997 slowed economic development in the Philippines once again. President Estrada
managed to continue some of the reforms begun by the Ramos administration.
Important laws to strengthen regulation and supervision of the banking system (General
Banking Act) and securities markets (Securities Regulation Code), to liberalize foreign
participation in the retail trade sector, and to promote and regulate electronic commerce
were enacted during his abbreviated term. Despite occasional challenges to her
presidency and resistance to pro-liberalization reforms by vested interests, President
Gloria Macapagal - Arroyo has made considerable progress in restoring macroeconomic
stability with the help of a well-regarded economic team. However, despite recent
progress, fiscal problems remain one of the economys weakest points and its biggest
vulnerability.
A. Topic History
The Marcos era and Martial Law (1965-1986) - Diosdado Macapagal ran for reelection in 1965, but was defeated by former party-mate, Senate President
Ferdinand E. Marcos who had switched to the Nationalista Party. Ferdinand E.
Marcos, who succeeded to the presidency after defeating Macapagal in the 1965
elections, inherited in the territorial dispute over Sabah: in 1968 he approved a
congressional bill annexing Sabah to the Philippines. In 1969, Marcos began a
major military campaign to control them. Civil war also threatened on Mindanao,
where group of Moros opposed Christian settlement. As president, Ferdinand
B. Sub-Topic
1970-1980 Growth Rates of GDP per capita (in %)
The GDP of the Philippines rose during the martial law, rising from 55 million to
193 million in about 8 years. This growth was spurred by massive lending from
commercial banks accounting for about 62% percent of external debt. As a
developing country, the Philippines during the martial law was one of the heaviest
borrowers. These aggressive moves were seen by critics as a means of
legitimizing martial law by purportedly enhancing the chances of the country in
the global market. Much of the money was spent on pump-priming to improve
infrastructure and promote tourism. However, despite the aggressive borrowing
and spending policies, the Philippines lagged behind its Southeast Asia
counterparts in GDP growth rate per capita. The country, in 1970-1980, only
registered an average 3.4 percent growth, while its counterpart like Thailand,
Malaysia, Singapore, and Indonesia garnered a mean growth of 5.4 percent. This
lag, which became very apparent at the end of the Marcos Regime, can be
attributed to the failures of economic management that was brought upon by
State-run monopolies, mismanaged exchange rates, imprudent monetary policy
and debt management, all underpinned by rampant corruption and cronyism
main characteristics distinguishing the Marcos years from other periods of our
history has been the hands of the government, and the use of the governmental
functions to dispense economic privileges to some small factions in the private
sector.
C. Terms to be defined
money.
Economics - can be defined as a social science that deals with the study
of allocation of scarce resources among unlimited and competing uses. To
satisfy human needs. Economic Growth - increase in real GDP.
Expansion of total output relative to population results in rising of real
citizens of economy.
Monopoly - complete control of the entire supply of goods or of a service
in a certain area or market. A large company that has a monopoly.
II - Economic Implication
Employment
Despite government efforts to pump-prime the economy to increase
income and encourage spending, unemployment and underemployment
grew. The unemployment rates rose from 5.2 to 5.9 percent from 1978-
from our good experiences and hopefully learn from our bad ones. If
history is taken with just dates and events then it is limited and may not
truly answer the "why". If history is taken with a multidisciplinary
approach then it can explain a lot as you are looking under different
lenses such as psychology, Political Science, Sociology, Economics
among others. In the context of Philippine History the answer is the
same. If we know and understand the reason behind the smalls events
that led to our current situation than we may know how to solve our
that situation.
III Summary
The Post-EDSA macroeconomic history of the Philippines covers the
period from 1986 to the present time, and takes off from the acclaimed
People Power Revolution in the EDSA Revolution of 1986 ( named
after Epifanio de los Santos Avenue in Manila) that brought democracy
and development potentials back to the country that was once in the
perils of the Martial Law Era. From days, months and even years of
economic and financial collapse towards the end of that Martial Law
Era came revolution, reform and sustenance spearheaded by the
Aquino, Ramos, Estrada, Arroyo administrations that saw the
Philippines get back on track and even through some of the wildest
financial and political crisis, such as the succeeding EDSA
Revolutions, the Asian Financial Crisis, and the most recent bubble
Conclusion
As the time goes by, The Philippines is considered a newly
industrialized country, which has an economy transitioning from one
based on agriculture to one based more on services and
manufacturing. In 2016, GDP by Purchasing power parity was
estimated to be at $811.726 billion. The Economy of the Philippines
is the 33rd largest in the world, according to 2016International
Monetary Fund statistics, and is also one of the emerging markets.
Primary exports include semiconductors and electronic products,
transport
equipment,
garments,
copper
products,
petroleum
products, coconut oil, and fruits. Major trading partners include the
United States, Japan, China, Singapore, South Korea, the
Netherlands, Hong Kong, Germany, Taiwan, and Thailand. The
Philippines has been named as one of the Tiger Cub Economies
together with Indonesia, and Thailand. It is currently one of Asia's
between
the
country's
different
regions
and
cost
of
airfare
to
promote
international
tourism.