Economic, Political or Social?By Randell Tiongson on July 3rd, 2009
Without a doubt, the biggest problem of the Philippines is poverty. I doubt if anyone can debate the fact that poverty in this country is alarming.
Why is it so? Our country is not lacking in resources, both natural and human. Our lands are fertile, we have good supply of water, our seas are bountiful and we have our good share of minerals… plus more. Our labor force is really good– too good that we are end up ‘exporting’ them and adding the term ‘Diaspora’ into our culture.
So what is the problem? When I was much younger and being a student of Economics, I thought that our problems were economic in nature – distribution of wealth, stagflation, sustainability of economic growth, fiscal and monetary policies, etc.
As I got a little older and was exposed to the ‘real world’, I thought that the cause of our problems were political in nature. Too much corruption, poor service, inconsistent policies, self-serving officials, etc.
To a great degree, I still think our problems are economic in nature and yes, political in nature. However, after all these years, I would like to believe that our problems are largely ‘social’ in nature.
I’ll write about why I think so … soon.