Philippines: Export oriented-Import dependent Economy

All of us are hoping for a better year in fact anything that is introduced as lucky charms to attract good vibes and prosperous living is deliberately being adhered to for the hope that it will bring us positive result. Unfortunately, there are inevitable events which are not controlled by these lucky charms. These are events which are not perceived even by the toughest fortuneteller. One peep on the year ender reports from different Medias will attest to this fact because if not, thousand of people who were killed from so many calamities and wars might have been spared. Even the toughest and mighty countries were not spared from this. Their technology and forecasters never perceived that this economic turmoil would end up to economic downfall like a plague.

The Philippines alone has reduced its population by death tolls from sea vessel’s accidents, plane crash, storms, floods, massacres, death in Mindanao due to war, political killings and natural deaths. I guess we need another Merlin or the wizard of OZ for best predictions. Well, these are just the repercussions of men’s greed and neglect of environmental issues. You reap what you sow according to old saying and yes, it’s true.

The other day, as I walk home, I meet an old friend, my co-worker at the company where I used to work. According to her, IWSPC, a subsidiary of SWS Japan, has announced their recent work schedule. They are now working 6 hours/day and 3 days/week. I was stunned by that news. How will an employee survive with that scheme? She told me that her recent earning is only 800php or a measly $17 and she has to budget it for 15 days. How can she make both ends meet with that income? I guess she needs to enroll herself to Harry Potter’s school and aim for the wand. I can’t sympathize further for I, myself is suffering with the same grief. If we lost the court battle with demolition issue, we will be losing the roof on our head at the end of this month.

Despite GMA’s denial that Philippines is not affected by recession, the gleaming truth is slapped right in the face of many workers who are being hit by different inhumane labor schemes just to cope up with the economic turmoil. We all know that most industries and factories in the Philippines are run by Multi-National Corporation from Japan & the US and these countries are in the midst of recession. The final way out is thru retrenchment or at the maximum is to close the company and return to their homeland leaving the Filipino workers jobless with no separation pays.

This only proves that we can never achieve a genuine progress unless we change our economic system. An economy which remains to be an export oriented and import dependent will always ends up at the dumping area. We are more than 80 millions Filipinos, producing our own local products and selling it at the local market is the only way to move out from this dreadful situation. More than 70% of the products we used are being produced by other countries. Look, from the tip of your toe to the tip of your hair, you are using imported products. “Imported per se” is not just products available at Clark or PX stores, these are products produced by non-Filipino owned companies. Though their companies were erected at Philippine land, their sales and profits will be returned to their own countries. The only reason why they are here is not because they want to help us but because they want to take advantage of our cheap and docile labor.

Japanese will only buy cars made by Japanese corporations, but the local artists in the Philippines seldom uses beauty products made from the Philippines. Remember, each time we buy imported products, spend our vacation abroad, purchase property outside the Philippines, our money go out leaving our peso floats and drowned by inflation.

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Money Cycle

Thanks to the living heroes who untiringly take back the money we spent outside the Philippine territory, despite the loneliness, dangers and abuses, they remain meek because of the call of earnings for the sake of their families. Do you have an idea who are those people? They are the OFW workers who are unceasingly working to earn not only for their family but for the country’s economy as well.

And Kudos to online workers like us who are also earning dollar from home. You are helping our country to get the money back and return it to circulate here. And to those who are hoarding the money and investing it outside the Philippine territory, you are one of the reasons why the Philippines remain poor.

Gumising na sana tayo….

 

~Juliet Corpuz~

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Pinoy Entrepreneurs

Everyday we hear different stories about Economic problems. Oil price hikes, recession, depression, business foreclosure and now the flight of our fellow Pinoy OFWs coming home in batches because they lost their jobs due to economic turmoil.

The magnet of poverty line is getting stronger everyday pulling so many people down. Government is very diligent to sustain and increase the magnitude of the magnet energy reserve to further attract more people and so far, they are successful. And now they are keeping up with the latest trend in entertainment and fashion. They are on their feet practicing the latest step of Latin American dance of Cuban origin, Cha-Cha. Wow, this government just can’t get enough of us. They are like blood sucking creatures that will not stop until the last drop of our blood.

Thanks God, He give us beautiful minds to survive the cold. Despite the economic glitch, Pinoys are surviving within the underground economy wherein the circulating currency is by bulk of coins. The government, despite dancing to the tune of cha-cha is crippled in terms of providing employment and health care for the common “tao”. But my fellow Pinoys are innovative. They are embracing the beauty of Entrepreneurism. Despite the lack of capital, they are still coping up to run their business to support their daily needs. And I believe that these are the real entrepreneurs. The real survivors.

This is the clear picture of Pinoy Entrepreneurs and often times they are dislocated by dispersal because of “illegal operation” which according to the authority, they are hampering the traffic flow. During dispersal, their goods are sequestered by the police and because they have no money for fines, oftentimes, recovery of their products is impossible and of course their products would fall “in good hands”.

Masyadong brutal kahit maliliit walang patawad.

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Mobile Refreshment

tusok-tusok-industry

Mobile Barbeque

tinapa2

Mobile Smoked Fish

 

refreshment

Refreshment Stand

sweets

Hand Carried Delicacies

tinapa

Mobile "Tinapa"

saging-industry2

Mobile Banana Industry

saging-industry

Banana Stand

toy-and-accesories

Mobile Botique

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Mobile Natural Coconut Juice

pusit-suka

Mobile Dried Squid with Vinegar

junkies

Snacks and junkies

mani-industry

Mobile "Mani" Store

mais-industry

Mobile Corn Store

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Pinoy Chicken Barbeque

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in short, Lechong Manok

ice-candy

Ice Candy for Sale

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Mobile Fast Food Chain

fruitstand

Mobile Fruit Store

fried-industry

Mobile Quick Meals

burger

Mobile Burger Machine

assorted

Mobile Token Store

bibingka-industry

Mobile Rice Cake Store

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in short Bibingka

The Entrepreneur

OCTOBER 23, 2008

I received an email from WAYN regarding Global Entrepreneurship Week. In response to this letter, I wrote an article about Entrepreneurship in my own views.

THE ENTREPRENEUR

Money, Fame, Freedom and Power – 4 major aspirations of every breathing individual in this planet. Are you one of them? If we you will be honest and true to yourself, then the answer would simply be YES.

Who wouldn’t want money anyway? In fact money alone can give you freedom, fame and power. These needs and wants are traces and manifestations of entrepreneurial spirit in us. The drive to make it happen is a clear instinct of an Entrepreneur. The definition per se may vary but I am digging deeper into the essence of the word.

Class Struggle

The dream of every man to have money, fame, freedom and power in his possession gave birth to a society divided by class struggles. Prior to this, we were living in a classless society with equal opportunity to all resources around us. But man is a born warrior and so his whims and caprices brought him to pedestal, wars & chaos and the rest is history.

The era of classifying people by what he is through what is in his mind and in his pocket opened us to the world of governance and economy. Every people have been classified as worker, farmer, businessman, artist, politician and so on. The name is vast and broad but one thing is definite, in every man’s heart dwells the aspirations for Money, Fame, Freedom and Power. Politics has been a swift way to achieve these dream. Politicians have easy access to many businesses, news and justice.

The Birth of the Entrepreneurs

For a common man who has the same dream but has no chance to walk in the arena of governance and politics made his way to the business world. They started out as simple merchants in early times and now tagged a new name; “The Entrepreneur “

We are all entrepreneur. Each and everyone of us has been an entrepreneur in our own odd ways. The drive to have that money land in our hand and to have a decent living is entrepreneurial. When a common factory worker allocates a little amount of money and capitalizes it to sell something so he can extend his budget is doing an entrepreneurial stuff thus making him an entrepreneur.

Classifications of Entrepreneurs

Entrepreneurs can be classified as small time, big time, successful, risk taker or even a loser.

Of course this is how we handle our entrepreneurial skill. Business is a vast world of competition and only the mighty and the wise will reign. This arena has put many entrepreneurs in fame, freedom and power. Some even made it bigger than the government itself. They are the fulfilled and powerful entrepreneurs and we start to call them as Businessman to give distinction from the rest.

Do you have what it takes to be an entrepreneur?

Yes. As I said earlier, we are all entrepreneur. But we are differed by our drives and performance. Put out 100 dollar from your pocket and buy a pack of onion. Repack it into 5 packs and start selling it at $25 per pack, at the end of the day, you are $25 dollar richer than when you are starting. Duplicate this process everyday, add some lists, targets or buy a cart as your first asset and Bingo! You are now a certified entrepreneur. The key to be a successful entrepreneur is simple. Be consistent and innovative. These two powerful characters have lead many people to success.

Okay, now you know that you have what it takes to be an entrepreneur, so what’s your plan now?

Of course you don’t have to rush to the department of trade to register your business. What will you do? For a positive start, go to a high location, maybe a second floor of a building, a field or any place where you could see the ground and the buildings around you. Look down, smile, stand firm and tell yourself: “Yes I have the Potential!” No, I’m not kidding, this is developing self confidence. You have to arm yourself with confidence so you will have the drive and strength to go beyond.

When you think you are ready to start, define what’s on your mind.

What do you want to do?

What do you want to sell?

What do you want to share?

Of course business and entrepreneurship is not all product selling. Look at yourself.

What are your skills?

Your strengths?

Your talents?

You can offer these as services without monetary capitalization. Yes, we can always be entrepreneurs minus the financial capital. I am writing and earning decent money from thinking and writing and sharing these secrets to you. I may not be a powerful entrepreneur but I have the freedom to work and earn in my pajamas.

My objective in writing this article is to waken your entrepreneurial being which maybe drowning from a lot of frustrations and disappointments.

Com’on, you’re an entrepreneur man! Go find the right product and services for you and start earning. There simply no boundary for the word called: Success.

That’s all for now readers, I hope my writing has awaken your entrepreneurial spirit 🙂

For further info about Global Entrepreneurship Week click here or google it 🙂

Til my next post! Kita-kits! 🙂