In the 1960s, the Philippines was the 2nd richest country in Asia (next only to Japan). It was on its way to being a WORLD SUPERPOWER! Imagine that! But where do we stand now? No thanks to Marcos, we are lagging behind our neighbors in Southeast Asia. We were almost there...
The weird thing is I've been reading a lot of researches done by various experts and almost every one of them is saying the same thing...in 2020, the Philippines would be a 1st world country. Whadda?!? Is this true? It has to be a joke, right? I mean look at the Philippines now: food crisis, graft & corruption, GAS PRICE and all!?! They've all probably miscalculated somewhere...
From what I've read on articles, the Philippine economy is the fastest growing in SEA and is comparative to that of India. And guess what? We're not a 3rd world country anymore. They categorize our country as a Newly Industrialized Country...yeah, whatever that means.
PriceWaterHouseCoopers estimated that by 2020, Metro Manila would be one of the richest cities in the world; 30th richest city to be exact. By 2020, Metro Manila would be richer than Sidney, Barcelona and Singapore! Whoah! Metro Manila will be the richest SE Asian city by 2020, richer than Jakarta(33rd), Singapore (40th), Bangkok (46th) and Ho Chi Min (78th). If that's really going to happen, Manila would belong in to a league with Miami, Toronto, Moscow, Madrid & Seattle. Sweet!
Foreign Direct Investment cited three Philippine cities as members of the Top Asian Cities of the Future. Quezon City, Cebu City and Davao City made the list. The magazine also said that Quezon city has the 5th best economic potential and 3rd most cost effective city. Cebu was recognized as the 4th most cost effective city while Davao was cited to have 5th best human resources. Bravo!
And lastly, the Philippines is among the NEXT ELEVEN by Goldman Sachs. The firm previously announced that Brazil, Russia, India & China (collectively known as BRIC), would be the future superpowers of the world. Then just a year after, they released their thesis on the Next Eleven saying that these countries have the highest potential of having the world's largest economy next to the BRIC. By 2025, Goldman Sachs estimated the Philippines to have the 19th largest economy in the world!
Wow! Well, I'm no expert on economics but these are three independent studies which all point to one thing: economist around the world are on crack. Kidding! They all agree that the Philippines has a really good potential of making it first world. Let's keep our fingers corssed 'til 2020!!!!
The weird thing is I've been reading a lot of researches done by various experts and almost every one of them is saying the same thing...in 2020, the Philippines would be a 1st world country. Whadda?!? Is this true? It has to be a joke, right? I mean look at the Philippines now: food crisis, graft & corruption, GAS PRICE and all!?! They've all probably miscalculated somewhere...
From what I've read on articles, the Philippine economy is the fastest growing in SEA and is comparative to that of India. And guess what? We're not a 3rd world country anymore. They categorize our country as a Newly Industrialized Country...yeah, whatever that means.
PriceWaterHouseCoopers estimated that by 2020, Metro Manila would be one of the richest cities in the world; 30th richest city to be exact. By 2020, Metro Manila would be richer than Sidney, Barcelona and Singapore! Whoah! Metro Manila will be the richest SE Asian city by 2020, richer than Jakarta(33rd), Singapore (40th), Bangkok (46th) and Ho Chi Min (78th). If that's really going to happen, Manila would belong in to a league with Miami, Toronto, Moscow, Madrid & Seattle. Sweet!
Foreign Direct Investment cited three Philippine cities as members of the Top Asian Cities of the Future. Quezon City, Cebu City and Davao City made the list. The magazine also said that Quezon city has the 5th best economic potential and 3rd most cost effective city. Cebu was recognized as the 4th most cost effective city while Davao was cited to have 5th best human resources. Bravo!And lastly, the Philippines is among the NEXT ELEVEN by Goldman Sachs. The firm previously announced that Brazil, Russia, India & China (collectively known as BRIC), would be the future superpowers of the world. Then just a year after, they released their thesis on the Next Eleven saying that these countries have the highest potential of having the world's largest economy next to the BRIC. By 2025, Goldman Sachs estimated the Philippines to have the 19th largest economy in the world!
Wow! Well, I'm no expert on economics but these are three independent studies which all point to one thing: economist around the world are on crack. Kidding! They all agree that the Philippines has a really good potential of making it first world. Let's keep our fingers corssed 'til 2020!!!!
15 feedbacks:
Hmmmm... I've always thought that the Philippines has what it takes. I mean we've got the resources. Both natural and manpower. We don't really lack any of those "basic commodities". The need to import is really minimal (supposedly). but I do think that amidst all these factors, we are still slow moving...
I think it all boils down to bad management. Not to sound so much of an activist, but hey, what country needs to import rice when the supposed one of the main resources are the rice fields, heck, we were even able to teach vietnam to plant rice! And they're doing better than us! Considering we've got more land area for rice planting! What's the deal with that?
Oh well, I apologize for having my nationalism get the best of me.
Thanks for droppin by my site! i'll add you up and visit you more often once I get past my semi-hiatus state.
Take care man!
poy is right :)
c'mon, give your old mothaland a chance. lol
sure to xlinks. what do you mean with "im down if youre down"?
btw, where's your cbox located?
let me see, every article suggest that our country would become a first world in 2020 provided that what they were expecting did happen in the long run. But for sure there are things and other factors that they hadn't included in that study. More so they just had their forecast based primarily on what their statistical figure provides, which is what is happening in the current state of the country now.
So provided that their statistical findings are correct still no one can assure that our country can reach that stature within 12 years. 12 years is too long and drastic changes can take place like world wide recession, political instability, and the like that can affect the economic growth of the Philippines as a whole.
I think now is not the right time to rejoice for our country to be included in that list, since we still need to find a solution on every current problem our country is facing.
@ toilet thoughts: I dunno... I think GMA is on the right track. It is under her presidency that the Philippines went 2nd world. Politics is just screwing her plans to do better. Then again, I 'm no expert on this...
@ Dyilyan Dyosa: I love my Philippines! It just shocked me that our economy is improving when we are seeing otherwise. About the "I'm down if you're down" thing. It is like "I'm game ig you're game" So are down for a link exchange?
@ Jaycee: You have a very good point, dude! But I guess what they were trying to say is the Philippines has the potential, right? So yeah, let's keep our fingers crossed 'til 2020. I am!
sana magkatutuo... we have the resources, we have the potential.
Meron bang freely accessible online content yung mga na-cite mong sources? Would sure love to read the articles. Thanks!
@ anonymous: yup! may sources yan. yung sa next eleven thingie is on wikipedia. the other two just google it, amadali mong makikita. i've provided the names of the economic firms naman eh so you'll find it..
yeah, let's just hope and pray that this road leads to reality. pag nagkataon, uwi na lang ako sa pinas!
Hi, just informing I linked your blog to my post in a Davao thread to clarify some stuffs, thanks.
http://pinoyexchange.com/forums/showthread.php?p=30297762#post30297762
I love my country but I have some reservations, the findings could be just some cock-and-bull story.
All we have to do is to "believe" and we will achieve it. Even though we have problems but compared to the rest of the world we are not the least. There are more places who are having the worst situation than us. Mabuhay!
VERY POSSIBLE. 8% annual economic growth in the next 10 years = 2nd world RP. G20 perhaps... we need a DOUBLE INCOME PLAN similar to what Japan did in the 1960's.
Double RP's economy every 5 years... in 20 years, we're already RICH!
Why blame Marcos for the fall? Ask yourself when did the fall of our economy started, right after Cory took over. Philippine Peso was 2 - $1! Do some research man, use your brain and learn more about history.
that was not happened anymore look at the philippines now, i cant see any opportunity to fly .. its just a dreaming ..!!! we should know that.. and i know that we all know that just dreaming .. dont believe its just wast ur time .. guys .. any reply..?
You know... the reason why Philippine was "rich" was because every nation in Asia were very poor after the war lol... so not absolute but rather it was a relatively rich nation COMPARED to other nations that saw economic downfall with war... those sino war korean war vietnam war and those along with WWII and WWI many nations in Asia... so being honest... it was nowhere near being a superpower.
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