Narrative Report
Narrative Report
Narrative Report
AC4a
decision. We have lost our national identity and had mostly relied on what these companies offer
us. Our economy is highly dependent on them.
Second, improper use of natural resources. We provide the rich nations with natural
resources, cheap labor, and a destination for their technological industries that I think have made
their lives easier and enjoyable. For me, other country invest to us so they could gain money and
power.
Third, the drastic population density that leads to various implications like poverty which
is the main symptoms of having overpopulation and every countrys problem that almost all
cannot resolved. In effect, it makes rich get richer and poor get poorer because our natural
resources are exhausted but the wants and most especially the needs of Filipinos are not satisfy
by our government. This is where corruption comes in.
Philippines economy had been very unstable despite the advantages of the state. Our
country is endowed with natural resources but still remains to be left behind by other countries
that happened to be in the same spot long ago.
There are some causes why Philippines is not developing until now. But the main
reason of those things rely on our GOVERNMENT GOVERNANCE. As long as there is
rampant corruption from public officials, colonial mentality also blocks progression which
results from low market acceptance which forces the local firms to withdraw from doing
business, there will be no a DEVELOPED PHILIPPINES.
I hope that industrialization will come into view to our corrupt officials someday. We
have higher tax rate than Singapore but Philippines is left behind by Singapore in terms of
economic stability. All things possess by our country would be useless if theres no proper
governance of it. Every small personal gain to officials is a big loss of all Filipinos.