Beruflich Dokumente
Kultur Dokumente
Swinton
BSA 2-9
The Duterte administration inherited a strong economy with high GDP growth and positive
ratings from the international community to the point that some renowned economists tagged the
Philippines as the rising tiger in Asia according to World Bank. Though the performance of the
Aquino administration was impressive, it actually fell short of the targets set in the PDP 2011-
2016. According to National Economic and Development Authority (NEDA), the country’s
gross domestic product grew at an average of 6.1 percent during the period 2010-2016, the
fastest 6-yearmoving average since 1978. In fact, the first quarter growth of 2013 is the highest
growth rate recorded under the Aquino administration and is faster than that of China’s,
Indonesia’s, Thailand’s, and Vietnam’s for the same period. Unfortunately, this was still below
the target. It is due to this that in his first few months as president of a new rising tiger in Asia,
president Duterte ordered the National Economic and Development Authority (NEDA) to craft a
The Philippine Development Plan (PDP) for 2017-2022 tackles the long-term vision of the
government which is to sustain the aim of every Filipino family by 2040 and that is to live with a
with a stable family and well developed and resilient communities. With these aspirations of the
people as the basis of development plan, President Rodrigo Duterte signed Executive Order No.
5, s. 2016 approving and adopting the 25-year long-term vision entitled “AmBisyonNatin 2040”
as a guide for development planning. It focuses on the four areas for strategic policies, programs,
and projects that will help them reach the same promoting vision namely: a) building a
prosperous, predominantly middle-class society where no one is poor; b) a long and healthy life;
In my opinion, the problem flaw of this plan is that avoids correcting the severe asset
inequities and income imbalances that keep millions of Filipinos marginalized from meaningful
economic activity. This means that all the plan's rhetoric about creating economic opportunities
will really just mean greater profitable opportunities for the few who have the accumulated assets
and incomes to begin with. Free market economics exalts asset accumulation as proof of
poorly executed, will fail however a lousy plan, well executed, is often successful. Just like what
a famous person said,” leaders have three fundamental responsibilities: They craft a vision, they
References
https://www.officialgazette.gov.ph/aquino-administration/economic-development/
http://pdp.neda.gov.ph/wp-content/uploads/2017/01/Chapter-04.pdf