Could The Philippines Predict Our Next Decade?
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- Опубліковано 11 вер 2024
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Discover the hidden gem of Southeast Asia! The Philippines is rapidly growing into a global economic powerhouse, leveraging its vibrant workforce and unique strategies. Uncover the fascinating influence of its complex history with the USA and dive into the challenges it faces, from corruption to inequality. Join us on an exciting journey as we rank the Philippines on the Economics Explained Leaderboard!
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Philippines is practically surviving on remittances from foreign workers. Most Filipinos here in Qatar don't see a future in the Philippines and more and more of them are desperate to go abroad.
That gunman you mentioned got a lower sentence, because he confessed. For murder, it's 20.1 to 40 years in the Philippines. For manslaughter, 12.1 to 20 years.
Please make a video on Bulgaria, I think many would love to see your take on Balkan countries
Dear Economics Explained, can you please make a video on the economy of Malaysia. That way, you can talk about the country's GLCs (government-linked companies), ethnic-based politics as well as the country's ethnic-based affirmative action policies. Please accept my request.
my college professors ask me to leave the country because i won't get anything in here philippines
when the college professors recommend you to leave the country as soon as you graduate , brain drain was inevitable.
True. When I entered college, one of the things they mentioned in the orientation is how easy it will be for us to go abroad because of our ABET accreditation.
Unfortunately, Philippine Education isn't great. Some Filipinos do get good education but outside Philippines. Under World University Ranking Systems, Philippines doesn't have a World Top 300 University where it's worse than Singapore, Mainland China, HK, Japan, S Korea, Malaysia, Taiwan, Saudi Arabia, India, Qatar, Kazakhstan, UAE, Indonesia, Israel, Thailand, Macau, Lebanon, Turkey, Pakistan within Asia itself
Many had go abroad in singapore europe and etc bec of the harsh and poor job level wasting potentials of the applicants
Take PISA Assessments too, Philippines ranks at Bottom for Mathematics, Reading Comprehension + Sciences where 21st Century Innovations needs STREAM Education + Skills of Humanities, Arts, Social Sciences, Natural Sciences + Formal Sciences. Philippines ranks 56th in the World under the Global Innovation Index Rankings behind its BPO or Remittance Challengers of China, India, etc due to being behind in STEM Education + Skills mostly
@@rmot2911the ranking mean nothing when it's enough for Filipinos to work abroad. I worked in Singapore, China, HK and Mexico. I have seen the graduates of NUS, Fudan and UNAM. They are not smarter.
Manilla has Cyberpunk tier inequality.
You have malls in BGC that have world class luxury and futuristic highrises and just a few minutes in Makati or any other area you see extreme poverty, people living in makeshift shacks and you have a wet market on the roads.
Worse is how many people in the Philippines just take inequality as a fact of life.
Agree with what you're saying but also note that: inequality IS a fact of life. Accept it.
@@stevemattero1471 True, but inequality within one region is also a massive driver of crime.
@@stevemattero1471it is not a fact of life. In an age of industrialization and technology we can rapidly build homes, sewage lines and power plants with much more ease.
These people have a right to a higher quality of life and only suffer because of the few who hoard land and resources.
@@stevemattero1471 There's inequality and inequality. As long as humans exist, it's likely that one person is going to have a possession or an opportunity that the other one doesn't.
However. Having millions of people living in unimaginable luxury directly next to millions of their fellow citizens who live in poverty and disease? I don't think it's really good enough to just shrug your shoulders and say "that's the way it is."
So, just like São Paulo and Rio de Janeiro then.
Calling the Philippines "aggressively mid" might be the best and most appropriate thing I've ever heard of in my life.
right? it's right in the middle. in the tipping point. either the economy collapses or gets exponential economic growth. and only the government can decide which way we go.
i know
@@ohboii9373Its the people that will decide. When we realized our potential and stop normalizing these mediocre and corrupt government officials, we will rise. But in reality, I don’t see any hope. We have to experience regression or war first, before we wake up.
As a Filipino I can agree
@@thinkpctive8078It really is painful to see that we must experience suffering before we rise. As much as I hate to admit it, I do agree though. In my opinion, the country will only prosper after the people learn to love their own and learn from the lessons of the past. I reckon that would require generations of growth and education. As people of the nation, we must admit that we ourselves have been the fault of our economic blunders. If only we had as much unity against the corrupt and eagerness for knowledge to be innovative as a nation...
I grew up in the Philippines, and "aggressively mid" is the best description of the Philippines I've ever heard. I used to see that as a bad thing, but only in my adulthood have I seen the advantages
There are so many problems you avoid by being mid af, but there's a lot of basic improvements that just don't happen too.
Mid is good as a tactical move but if we stay stuck in there, we stuck
Hence the "MIDdle Income Trap"
As we like to say in this country, "pwede na". Literally "that will do", or perhaps "it's fine". This country, our culture, and economy is the very essence of "mid"!
That said, I do find it shocking how much the economy has grown. In my head we're a $300B economy (in the mid 2010's when my career took off), I didn't realize it was $471B now!
@@migspeculates Well you can look at Thailand or Indonesia for aspiration. They aren't so bad as a goal, economically speaking at least.
I just spent a month in hospital and like a quarter of the UK national health service staff were from the Philippines. Great English speakers and super hard working
Funny how we also have the same situation, we might as well call our countries London and Manila because everything else is only secondary aside from our Capitals.
Yes, unlike others from Africa and the Carribean the Filipinos have a huge work ethic. They are highly regarded in the Middle East too.
@davidjma7226 That's not fair. The 🇬🇧 health service had even more hard-working staff from Africa, but London is full of Africans and Indians I am used to seeing them. The hospital system is particularly popular with Filipinos they obviously specialise in health care
@@RobertHazard you both racist AF
@@RobertHazardnot my experience of the african nurses in the NHS Robert. Agree about the Filipino nurses being hardworking though.
“It’s More Mid in the Philippines!”
- proposed Philippine Chamber of Commerce slogan 🇵🇭
Agressively Mid. Its more fun in the Philippines.
Midippines
The Middle Islands (Not geographically, but that too!)
Basic Filipino.. EzPz
Lolol!!! Loving this thread 🤣
Adding "Aggressively mid" to the national motto.
aggressively mid not great no terrible
Personally adding it to my freshly-memorized “bagong pilipinas” oath
Its more mid in the philippines!
heck, I'll add this to my resume
An extension of the "puwede na iyan" motto many Filipinos love to use when approaching life in general! 🤣🤣🤣
Corruption is the number one problem in Philippines
So true. Another Marcos is the president.
True.
corruption of the government and deliberate ignorance & stupidity of the people
Things are just so different from my native region and Manila. In my opinion Manila looks like a dump in some areas. Like dystopian looking. As much as the tall and impressive building try to cover it up. Like there was no planning put into building it. Some places don't even have street lights or traffic enforcers. Tricycles among a sea of people.
@@70o07and poverty is spread throughout the country
my highschool teacher in junior year summed up the difference between China and Philippines "Chinese people send their kids out of the country to study and they come back to help their economy, Filipinos go to other countries to study and they choose not to come back" the Philippines has so much potential with its resources and people but sadly the government officials see that and chooses to use it for their own gains which makes its own people accept that living in other countries for a better life is the only option
Not enough patriots
@user-nl8me9lo3k Would you be patriotic if the government of the country you live in have been running the place to the ground for their own self-benefit?
@@user-nl8me9lo3k and too much corruption
@@user-nl8me9lo3k lots actually, sadly the problem is that part of being a patriotic Filipino here means romanticizing the current state of living and defending/worshipping the government that upholds that said status quo.
@@carlbonara602idk about what you are saying. But you can be a patriot without being all that. I am talking about the true patriots, not the extreme or toxic types.
it truly baffles the mind how a country could make such obscene amounts of money, yet have people live in such squalor
those in the ruling class really needed the money much more than the starving children forced to work in the streets 😔 im really praying that they get the money to afford to attend more of the f1 races in other countries they oh so need
Most of the money is kept in the ruling class. Sadly being free from colonialism does not free you from abusive rulers they only get replaced
Westerners are some of the least reflective people you'll ever meet on the planet. The USA has by far the greatest wealth on the entire globe but a few blocks from the White House people are living equivalently to the poorest people in the Philippines. Figure that one out bud.
It's religions. God and Christian cults.
the lengths greed can go is indescribable
You just summoned an entire nation.
Mga kababayan sugod
Filipinos are like Indians, whenever we see our countries name we flock to the video 🤌
Reminds me when a content creator that is not From Brazil mentions Brazil in any way and then The comments section end up being flooded by brasilians.
Couldn't be me 😂
(Vai Brasil!!)
@@kryptonite0018 ang difference kay 'rabid' kaayo mi, ang indiano kay flag-waving nya
You summoned me and my people
I really like it when a UA-cam video taught me more about my country compared to my actual classes
Because Filipino don’t like to hear the reality of truth .. dahil masyado mataas tingin sa sarili kaya nauuto ng manga politiko
@@cole8753 or the curriculum has some gaps or wrong focuses on history
It's sad that the main stream media here never promotes topics like this and is mostly focused around vanity
@@JA-bf9ph true and around celebs. 😅
When the education system still teach the youth that the Aquinos are saviors, it's no surprise the country's education is wack.
Visited a country and the airbnb I stayed in was the official residence of the Philippines ambassador 😂😂😂. Dude had rented out his official residence
how was it?
See again the corruption index.
The ambassador thought some extra income won't hurt lol it's legal income too!
Link
@@charmainebucco951 haha. Can’t be legal. It’s his official residence. That’s real government corruption
You failed to mention that for decades filipinos by the thousands trained in the nursing field, then went abroad and have sent millions of dollars back to their families in the Philippines. So not all 'brain drains' are a negative.
That said Filipinos are the most kind, generous people I've had the pleasure of knowing. I've been invited to dinners with families that are at the very top of the socio-economic ladder as well as some of the poorest. I ate once with a family that lived in a shack made up of cardboard and metal garbage with an open air sewer as their backyard. What i didn't know until leaving was that they felt so honored by having me a westerner visit them they spent what they'd saved all year for a Christmas dinner on me! I was struck by such guilt that they had sacrificed what would have been the means for them to have one good meal on me, some stranger. That's a level of generosity i will never forget even after all these years.
For all the pollution, poverty, etc. Filipinos have retained the most valuable thing in life, kindness and a generosity of spirit and there's no dollar signs attached to that. It's too bad most Americans have never experienced their culture. If they had maybe they'd not only rethink their priorities in life but would treat people better in their daily lives.
Maraming salamat!
What a lovely written account ; thank you for sharing it.
Blessings to you from our beautiful island chain !
That you said sir is the most beautiful thing I heard. God bless you!
Did you later give that extremely poor family some money?
I heard a few days ago that the government has made a point of celebrating those nurses who go abroad and send back remittances. I think there's even a national holiday dedicated to them
Nah just for their own political agenda hahahah. Our politicians tend to make it a hobby when it comes to election to gain empathy for the mass to earn votes. They only praised OFW as hero of remittances when in reality our gov't failed to protect them through by laws. For example: escalated cases of buttered domestic helper in Middle East and immigration malpractices to OFW aspirants. @@jeffbenton6183
As a filipino, I kinda agree with the aggressively mid label. We could be so much more but so many factors hinder the potential.
Let's face it, our people are mostly 🧠 dead
yep
Also another advantage is that their english is far more understandable than their competitors. This and the security matter are the real reasons.
Attitudes are different as well. Almost too nice, but they sure try hard to assisy. Back when India was still in competition for call centers. I called about support for high end PC’s. I can say 30 to 50% of the time, the Indian support raised their voices on me, and I had to hang up and called for another support person. When a woman called them, that probably raised to 80% of the time
@@cryptoronin3073 that's entirely true. Indians tend to be condescending as well
@@cryptoronin3073Filipinos have that hispanic/East Asian mixture of cultures.
Yeah I deal with a lot of Filipinos and Indians at work and I think a Filipino with a moderate accent is less noticeable then an Indian with a mild accent. I know an Indian and a Filipino who've both lived in the US for nearly 20 years each and the Indian can be hard to understand if you're not familiar with the accent while the Filipino is easier to understand then the Appalachian hillbilly i work with.
Its Sad, Tragic, and Funny on how filipinos would work very hard to achieve high only to migrate to another country causing massive harm as the Philippines needs seasoned experts to allow stable growth.
OFW remitance is a double edged sword, Its basically free money for the govt but also drains high skill labour.
The reason for migration is that it just seems hopeless to stay with how corrupt the gov't. is.
@@keianpena9635and those money goes to the politicians pockets
No opportunities means the brightest will go elsewhere. Also a backwards culture thats way behind on education and equality doesn’t help. Duterte set the country back at least a decade and the current administration has long historical ties to corruption. But ask the average Philippino how the country is doing and they’ll tell you 20 million people eating pagpag is normal.
Well, when your choices are:
A. Move to a foreign country like the US, Canada, Australia, or the UK, where your skills both in English and in the course you specialised in are highly valued and receive adequate pay, supplemented by good public infrastructure that takes you to work efficiently, and a justice system and culture that puts the rule of law, individualism, and equality above all else
B. Stay in the Philippines where your skills are practically ubiquitous meaning you have a LOT of competition in the best workplaces who only offer 1/8th of the salary of workers abroad, with a horrendous public transport system and infrastructure, coupled with a corrupt government, a culture which chastises the truly intelligent and praises the cunning who get through life with their "diskarte" or whatever, and a nation that cannot provide even the most basic of services like power, water, and healthcare consistently
Yeah, I'd understand why.
It has a massive brain drain because of the salary
Don’t oversimplify things. There are many other reasons such as lack of competitiveness, corruption, long migration history, colonial mentality, etc.
Real
in my region $1 an hour is considered a luxury😂
Low salary is due to economic restrictions written on its highest law, the constitution. Which is the reason why it lagged behind countries that has no economic restrictions on their constitution. Its been there since the US, since they want to have a monopoly along their haciendero partners on Philippines natural resources. And restrictions negatively impact industries that doesn't revolve conflict minerals such as retail, software development, you get the idea. Hence the salary is low, compared to Singapore which has more jobs than manpower hence the demand is reflected on the salary.
Most middle class families are supported by relatives from overseas. If your a middle or even a upper-lower class family chances are you have relatives working overseas.
The term "aggressively mid economy" corresponds well with the local Filipino mentality called "Bahala Na"
Nah, "Bahala Na" is being mid for the sake of being mid. "Aggressively mid" can be a temporary advantage for a better long term future. Still, hoping "aggro mid" doesn't sour to "bahala na"
@@migspeculates The "Bahala Na" mindset should be dropped in favor of something better; it is very detrimental.
@@cossacktwofive4974 hope so, i think if we changed that mindset tho, lots of filipinos might commit suicide from all the stress and problems they encounter without that 'bahala na' mindset
@@cossacktwofive4974 that, and "pwede na yan!"
Kahit papano meron is more apt. My mom used to say that a lot. Annoyed the heck out of me. I still hate this Pinoy 🇵🇭 mindset
Around the 10 minute mark, you had a graphic describing imports and exports. This is a very good chart and it would be interesting to see this for every country. Good work!
It's from the Observatory of Economic Complexity. Look it up. I'm sure you'll find it interesting. :)
Noted!
Just google image them, for example "Malaysia export"
This article isn’t worth watching, corporations haven’t located there due to labor hours by calendar year average is thirty two. Why locating to other places than there. There’s good people there , for many, due to means do more to make ends meet and have my respect.
Happy for 🇵🇭. It's great to see fellow Asian country prosper. Love from 🇮🇳.
India ❤❤❤❤❤❤❤
We can only dream of a military industry like yours.
Love from Philippines 🇵🇭❣️❣️
We have a long way to go.
thank you india!,you truely is a brother neighbor!
There are lot of indians here doing business and lots of medical students. They are very respectful and kind. I'm happy that you choose our country. We love you more than the chinese who treats us like an inferior human being in our own country.
This is awesome work! I am from Philippines and I can say -- well done on your extensive research on several aspects of the Philippine economy, culture and politics. Appreciate your hard work! Made me realise that I trust EE's same level of research on other countries too. 👏
EE has made some mistakes in the past (EE himself would recommend the response videos that Money & Macro made), but this one seemed nuanced enough to me to seem plausibly accurate. Not being Filipino myself, I wouldn't have any way of knowing
These are just guesses that are made. The Philippine economy has been steadily growing as is almost all of East/SE Asia, yet all these economics video will make you believe that in a week's time, China's economy will collapse or some other great economic disaster is just looming around the corner. Its all nonsense, they're made for fun and not to be taken serious at all.
*sees title*
「We have been called」
😂😂😂
With this video I summon-
PINOIGHEGHEGHEGHESITOES DON'T DESERVE SPLENDOROUS PINAIGHESITARGHES
Mein sechs Zoll groß AMPHIBIENFAHRZEUG gebeschneident SAMENZELLE KANONE Liebe EINZIGE ZUBEISCHLAF JUNGFRAU MOCHTE FOCHTE schlicht schön SCHEIDE
*Horde has been alerted*
Very Happy for our Philippines Brothers!
Let's grow together.
Love from India!
Thank you india you have good heart people than china
If Filipinos keep on voting those corrupt politician or never change the political system of PH. it would remain poor.
I’m literally confused why 30M people voted for BBM 😭😭
It probably won't stop soon. Our country has oligarchial families with the same generational families gaining power in the government. Unless we can somehow vote politicians with no connections with powerful family oligarchies then I can't see a future where new ideas and policies will be able to flourish in the government.
@@spearuneko They probably voted in Marcos because they wanted a "Golden Age" when his father was in power with the Martial Law although it helped the country it's cons outweighs the pros or they don't want a woman to be president when Leni was running and that was what my mom said to me when she voted for Marcos 😅
@@Thatcher_Adiffrentone oh
@@spearuneko ask INC
Filipinos are always hospitable to foreigners but when it comes to their own countrymen they're always holding a grudge towards each other. And people wonder why so many people want to leave the country.
It's been years since the last Philippines video. Great to see an in-depth analysis of our country. Cheers
Singapore: Done
Indonesia: Done
Brunei: Done
Philippines: Done
Still waiting for Malaysia or Thailand
Yes. Some African and Middle Eastern countries as well.
Who are the Earthlicans really working for??
Keep waiting
Don't forget Myanmar... maybe he'll do it once the Civil War is over.
East Timor too probably. I do notice you're listing Southeast Asian nations
Better about China because Philippines only influence to be scared and ask people for help all the time. 🇨🇳💪
Yep, true about nurses leaving.
Australia is one of the places gobbling them up.
Philipines doesn't want to pay their nurses a decent wage
True and whats worse is that there's always pushback from the people whenever increase in nurse pay is in the conversation
It's also probably because there is just a lot of competition for nursing jobs.
@@chrisvonsolomon3180 yes, hugely.
In Aust our states advertise for nurses in other states.
TBH It is a good way for them to.see Aust too
Exactly. No wonder most nurses I encountered here in the Philippines always frown and look unapproachable.
A little background on US-Fillipino military infrastructure:
For most of the Cold War, the US maintained two massive bases in the Philippines - Subic Bay, a naval port, and Clarke Field, an airbase. Among other things, these bases were used as part of the logistics lifeline during the Vietnam War. Lots of money went into the Filipino economy because of this either directly (from US government payments/support) or indirectly (US servicemen on R&R). The bases developed quite a red light district around them, almost Bangkok levels of debauchery, and the Filipinos as a whole were never happy about that.
Right as the Cold War ended in 1991, this unhappiness combined with a shrinking US defense budget, plus the Mount Pinatubo volcano eruption partially destroying Clarke led to the US Navy/Air Force selling the bases back to the Filipinos and leaving. The Filipinos also put strict constitutional rules in place to regulate how many foreign troops could be on the islands at any one time. So the American presence was limited to training/counter-terror assistance for the last three decades.
It's only now, with China bullying everybody in their vicinity and building a real blue water navy the Filipinos can't possibly compete with (and hence lose economic development of its surrounding waters), that they have invited the Americans back.
Taiwan had a hunking big US military base too. The scale was insane. We (the US) are so fortunate to have gotten out of there more or less intact. I could tell you stories. Mt Pinatubo did US of A a HUGE favor when it took out Clark AFB in Pampanga.
@@jazzlover10000 What base was this and when did they stop using it? As far as I was aware, the US did not have much in the way of a permanent presence in Taiwan except for a little bit after WW2.
@@jazzlover10000 Also, they are re-opening Clarke to US/Filipino use again (as of last year). A hub is a hub.
Also, the Lease Contract for Clark was already expiring, so Pinatubo erupting just gave them incentive to not renew.
Yeah my dad was in the Vietnam war in the Navy and the two countries were so close he ended up under a Filipino commander (dad fluctuated between calling him an officer and sailor so idk the guys real rank). He loved the Phillipines and still talks about it. Hated the CO though, and apparently everyone did though because the guy was found dead in a drowning accident which nobody thought was an accident because how does a _Filipino sailor_ not know how to swim while working in a bigass _port?_
Sad. You forgot to mention the food industry. Food manufacturers/companies based in the PH are growing rapidly. Like literally buying up international companies and expanding to the entire ASEAN market. Crazy how fast they are growing since the food industry is very competitive.
I was surprised when I noticed it. Those fuckers are growing fast and consistently, and not a lot of people noticed.
Yeah, if you come across an international food chain in Asia, there's a pretty good chance Jollibee has a big investment in it!
Oishi
The Philippines seem to be quite good at supporting its big food conglomerates in a way due to it’s large population and it being generally difficult for foreign companies to set up shop there..
Like in Thailand for example Frito-Lays have a big share of their Crisps/Chips industry whilst in the Ph the major Crisps/Chips brands are still dominated by domestic companies.
@nunyabiznes33 Liwayway Marketing Corp. Bench ni Ben Chan.
Lumpia yung cheese flavor namamayagpag pa din hanggang ngayun
Philippines needs to fix high electricity cost and their infastructure. Until those are fixed, nothing will happen
They’d first need to fix the institutions that are too weak against official corruption and corporate backroom dealings, which allow for exploitative utility rates and artificial obstacles to transport development.
It's not that high.. My electricity bill is around $10..
@@varyyami-animenewscenter8237 Compared to its neighbors it is. And you have to remember, this isn't going to be small spaces that the big investors are going to be using. We're talking about factories that can potentially employ hundreds if not thousands of people.
It's already in a process cheap electricity will be felt in 2028 because most massive project related to electricity will be materialize in 2030
Go Nuclear? 🫣🤔
The video mostly focused on its political side and not the economic side. The fact that it didn’t focus on its local companies excelling and its strong agricultural and hospitality services. All i understood on this video is about War, Foreign Occupation, Politics and so on. While it’s good also to cover these, we forgot the main topic of this video and that is its Economic growth.
The Philippines deserves health wealth and prosperity to its people.
I visited the Philippines earlier this year and fell in love with the country and I'm glad you're doing a video on it. ❤
But why though??
I'm a filipino but I hate it here tbh
@@moodgorning9877There are Singaporeans who hate living in their own country despite tourists liking it. Let the non-Filipinos like our country. There are things we might have that we take for granted; we just have to advocate to be more economically progressive. This kind of cynicism is spreading among the young Filipino populace and it's getting alarming.
@@moodgorning9877 I may hate the heat, poverty, and the annual typhoon but I just can't see myself living somewhere else. It's a country where you could see the sea everyday from the hundreds of hills and mountains dotted through an island and culture that has the weirdest mixture of Spanish, English, and Native cultures and the different lifestyles you can find in on the same island is just too numerous to explore. Even I who has been traveling this from when I was a toddler country still have places that I have not been and things that still surprises me in 15 years of travel.
why? i hate living here as a filipino citizen it has poverty corruption and crime and.... oh i forgot you're a foreigner
@@70o07its better to stay away from the philippines because of corrupt government abd and dumb@ss dynasty families
I was just thinking a couple days ago that the Philippines reminds me of an Asian Mexico. Very reductive, but at least they got the same score.
We are legitimately Asian Mexico because we have many things that Mexico has, including drugs, cartels, corruption, and crazy cults...
It was part of Mexico (New Spain, actually). I beleive the Viceroyalty of New Spain ran the Philippines from afar. Something like that you can fact-check this if you want but it's in the ballpark.
Which is funny because at one point you can say we were literally Mexico. We were once part of the Viceroyalty of New Spain which is now Mexico.
Filipinos are the Mexicans of the world
Not far off! There's a joke back in the 80's and 90's that the Philippines is the only Latin American country in Southeast Asia.
We've had visitors from the Americas come here and say that it's basically Mexico except all the signs are in English lol.
EE elaborated something that local media is incompetent to deal with its people.
In addition that protectionist rules of old money rich who where also foreigners to land has been in placed for so long a time.
Foreign tourist enjoys staying in the country because cost of living in PH is set to be affordable for people with foreign income but not for its locals whose wages were attrociously low like a massive wage theft. Yet locals are unaware of that situation.
Nice content.
Love how wholesome the comment section is
Filipinos need to stand up to their government and DEMAND and fight for better work opportunities and education. Western business aren’t employing filipinos out of the kindness of their hearts; it’s purely because Filipinos don’t fight for fair pay or workers rights and so are easy to take advantage of. In the West we call that “modern day slavery”. Unless you all like being slaves to the west, you all need to start fighting more for yourselves.
Filipino here.
What I HATE is Philippine culture is Non-confrontational. If you complain, most filipinos will hate you. Filipinos love excessive obedience and excessive resiliency!
I've heard VAs say that they should be paid the same as American assistants are, since they are doing the same job.
But if they are paid the same, why wouldn't companies just hire American assistants?
Filipinos working for less is the only reason they are hired by companies outside of the Philippines.
And this is true for ALL countries.
NOBODY would use Chinese manufacturers if their own countrymen could/would work as cheaply.
It’s not slavery when you’re making more than what you make on average in your country by getting Western leftovers. Slaves don’t get paid more than the national average.
These outsourcing companies pay more then the local companies and have no problems filling their job openings.
The problem is not foreign companies, its the corruption, terrible infrastructure and investment laws.
We do fight, but we don't do it haphazardly. We don't just fulfill higher wages out of nowhere then cry when people get laid off when employers can't keep up with the labor cost (case in point California). If we want higher wages (thus better life), then the money is gonna come from somewhere. Be it from foreign investors or improved domestic opportunities. Both are rather complicated can of worms.
Take Foreign investment. From my limited economics knowledge, Philippine laws dictate that companies should be predominantly Filipino owned (more than 50%) when doing business in the Philippines. This means support for local businesses and prevent foreign interests (good and bad) from investing. This is a very pro-Filipino law, but it's a huge deterrent to foreign investors. Also, from what I know, only a limited set of Filipino conglomerates can benefit from this so smaller Filipinos are at a disadvantage. The current administration wants to change this law, but is quite the unpopular move for good reason. Yet this stalemate prevents work opportunities from pouring in.
It's a cultural problem. Filipinos are quite satisfied with substandard... everything. Wretched infrastructure, tragically poor education system, notoriously corrupt and inpet government, and a constant brain drain are all making the Philippines weaker by the day.
South Africa, Venezuela and the Philippines have one thing in common; they once were developed economies.
Couldn't agree more. Until the corrupt and power hungry officials came in.
Lol, they were never developed, ever!
Apartheid South Africa only provided opportunities and government services to white people and black folks who suck up to their overlords.
Venezuela failed to reinvest their oil revenue and develop a diversified economy when time were good.
The Marcos regime failed to modernize the Philippines the same way South Korea did because of rampant uncontrolled corruption. Most of the loans the Philippines took that was supposed to be sued to give grants to private entities so they could build factories, banks and provide other services, were pocketed by their owners.
It was a culture of incompetence that wrecked these countries. Always was, always will be.
Idk about the philippines being in this list but if you switched it with argentina, then I would definitely agree
@@PapiDawg its true mate it was a far more developed nation back then
@@PapiDawg Yeah but Argentina hasn't gone that far up and fell that far down as these three though.
I've always wanted an external analysis of Philippines's economy from a reputable economics channel. Now I've got it. ❤
Its not really that extensive tbh. But he was able to point out the issues though. And i agree with all of them. Specifically the industry that can compete/can lead globally. Once we break that barrier. Im about 80 to 90 sure, Philippines would be a stone away to be considered as developed country.
There's a lot missing in this video. It is the reader's digest version without the important bits regarding expulsion from the US.
here in philippines, minimum wage is so low 9.71 USD but so are the local goods. the problem is that we can't afford imported goods, like computer parts for example. what other countries and all reviewers consider as ultra budget parts are considered mid-high end in this country.
Thats why dont married unless you have capacity to have a family simple as that!!
It’s always blown my mind that the Philippines hasn’t developed way faster than it has! Obv corrupt government has played a huge part but they are a country of hard working people who mostly speak English (better than most Indians re call centres imho) and as a former American protectorate/colony it’s training systems mean they produce many nurses and mechanics/engineers who can easily fit into western systems! I truly hope they catch up to Japan/South Korea they are a great people and deserve to prosper!
Doesn't help that the basic drivers of growth like energy, water, telecom, transportation have been lagging in development. Administration after administration have not been able to solve these.
“It’s doing this by leveraging it’s people as much as the resources it can dig out the dirt.”
We can’t tell you enough how deep a dig this truly is. 😢
As a Filipino, i hate how dumb we can be, especially in our choice of politicians
Just like any other country 🙂↕️
Yes Thabk god We vote marcos not pinklawan for sure our country will be back at Cory time trash everywhere, sell all goverment companies to private bussiness man, High crime rate
Philippine politics reminds me a lot of south africas
Philippine is one of most unequal countries I’ve ever visited
that a positive claim my dude. care to substantiate then?
@@echidnaralsei1473Known fact. They release the gini coefficient for measurement. Available data online.
@@echidnaralsei1473class and rsvisl discrimination rampant in the philippines
@@echidnaralsei1473 as someone who lives in the phillipines I agree with this comment.
Come to South Africa, my friend. Ironically, I know a girl who moved with her family to the Philippines
As Japanese and Filipino you summoned me here ☺️
im curious, how many times have you been called jalapeno and how tiring is it?
@@xen9581lololol
Another former Spanish colony kept poor by a culture that "normalizes" corruption... Glad to see that it´s not only a Latin American problem.
Corruption is basically "non-Anglo" because the concept of good governance and sound economic performance was created by Anglos and cultures of the Hanseatic League (Scandinavia, Low Countries, Germany). You'll be surprised to see countries such as SoKor and Japan have their own brand of corruptions and inefficiencies, while bright spots such as Singapore have all the lucky factors that mitigates corruption within their system.
Which makes me think all of our political problems, from corruption, to the padrino system, to the political butterfly, to the rise of dictatorships once in a while, to the landed economic elite, was in some way taught to us by Spain in colonial times 🤔
its worse because its actually criminals and hooligans of spain that gets to colonize the country.
@@jeffgumawid7554Mostly we're still a low iq tribal society exactly like Indonesia 🇮🇩 or Thailand 🇹🇭 which don't have Latin influence
@@migspeculates This is bull there's also corruption in northern europe they only hide it well, also they "export" a lot of their corrupt practices to another countries for instance by using irregular labor outside their country of origin but keeping hiding it from their costumers. Look at how many western european countries and "anglo" countries were involved with the scandal of the Panama Papers. Also most fiscal paradises are in european countries or "anglo" controlled territories like Guernsey, Cayman Islands, etc.
He definitely knows what he’s reporting. I’m currently watching this now after I moved here in the US a year ago to seek for better opportunities
Talks so much about the philippines but not about the phillipcedars
Ha. Get out.
You stole the words out of my mouth! Not even a mention of phillipspruces!
I'm filipino and I find this disgusting.
I love it.
Those trees are all in the wrong climate , but you'll find philippalms there
@@306316let them get a hold of these Philippalms! ✋🌴
Sana gumanda at lumago pa ang Pilipinas.
it's not a matter of if-- only when.
Masyado naman corrupt ang politiko dito, tapos may road project naman pero hindi naman maganda and resulta o palagi naman sira kasi hindi maganda at maayos ang pagkagawa o hindi naman kailangan pero may road project pa, para lang may Pera at project
With BBM? Doubt it.
because it's all tagalog people's fault. it's always the tagalog politicians and their people doing the same centuries old routine of corruptions, discrimination, and abuses. the rests of the non-tagalog people has been saving and tolerating such useless people. no more tagalog government, give it to someone else. tagalog people thinks they're the filipino or the philippines. no. you are not.
Without charter change to remove economic restrictions, it won't.
We will be forever sakoku japan economy with oligarch monopoly if we continue to have restrictions on our highest law.
Can you review economy Uzbekistan and Kazakhstan?
He has done Kazakhstan
The great nation of Uzbekistan.
Inferior potassium. 5.5/10
I love what I've seen of all Central Asian countries, especially Kazakhstan and Uzbekistan from youtube videos, especially the food. I wonder if it's easy for someone from the Philippines to visit them.
@@iraqlobster7678 It might happen if they their government will also visit the Philippines for foreign investment and also with the help of Overseas Filipino Workers (OFWs) that are contributing to our national economy to financially support their families here in the Philippines.
As a foreigner that has been coming and going to the PI since the 80s, the PI is changing for the better each and every time I go back.
Adding "Philippines" to YT videos basically summons an entire nation of Adobo consumers
same with India.
Philipines have long been mired in corruption and region inequality. Having said that, Philipines will have to overcome intractable adversities in order to prosper.
It is not just the inequality or "traditional" corruption, it is the clan system too. Basically important people favor their extended family members and try to get ther kids to marry members of other important families to keep the influence and so on. People are divided into important people and less important people based on who their family is. It is not only on national level, but also on local.
magalit ka sa dilaw/pinklaw. kasalanan nila
no matter, the reds and greens are here to fix all that
The same here in Indonesia
@@echidnaralsei1473 kaya naman pala naghiwalay na Uniteam mo no? Hahahaha 😂😂😂
@@XpecialistEh, sa tingin ko kailangan na ng mas seryosong oposisyon. Ngayon eh, kahit yung mga dilawan, parang walang balak maging oposisyon. Kahit si Bam Aquino pabor sa economic cha-cha.
Just make sure they equip bumpers on their boats with the Chinese nearby
Everything the mainland does in or around our country seems to be like the reverse-Midas touch. It’s all bad/abusive/ illegal/fraudulent.
Replace them with Spikes!! Ala Mad Max 😂
Sorry we don't have budget for that. Maybe America help?🥺🥺🥺
I'm a fan from Latam but yay Philipines.
We relate a lot with you from being under heavy USA and Spanish influence to being mid but feeling and being kinda poor to first world standards.
Their politicians are always garbage, thanks to the CIA in the USA, just like latam. The CIA prefers governments that are authoritarian, so the USA can get cheap food, cheap bananas, cheap coffee, and when Latam gets tired of the corruption and stupid shtt, the USA leaves its borders open under joe biden so you can walk over here. Its a sick mf system.
Personally, it would be a fun time if the entirety of LATAM reaches out to the Philippines to form some economic bloc for the heck of it. Kinda like calling a relative who went away years ago for a family reunion.
Sincerely:
- A filipino that's bad at using Subjunctive Spanish.
Why don't you outsource some of your backoffice operations to us then? We have a growing base of Spanish language learners.
@@jaredenem it should the Philippines the one doing reaching out our cultural and historical brethrens in Spain and Latin America by reinstating the official language status of Spanish through constitutional amendment and make it a co-equal medium of instruction in basic and higher education and a working language in the civil service.
@@JosephSolisAlcaydeAlberici I did see some efforts being bridged to make those connections when I was younger (We had a native level spanish speaker for president around 2004).
Whichever side approaches these days, as long as it happens I'll be content.
No matter what people say againts this country, I still love my beloved Philippines.
Proud pinoys always proud for a wrong reason.
there are literally no comments "Proud to be Filipino" as of now
Proud Filipino here😂 Now, have I made your hackles raise?
@@migspeculates if u see any, it's mostly cuz a lot of filipinos are smooth brained
proud to be "mid"
Living here full time I can definitely agree with this video. There is a ridiculous amount of potential here, but policy and attitudes hold the country back.
One thing that was not mentioned among the challenges of Philippine economy is their constitution pretty much disallows foreigners to own majority ownership of any business or industry they set up in the country contrast that to other countries in the region like Singapore. Calls to reform their constitution have been there for decades but the local elite has a strong hold over the politics that any attempt has so far been a failure
because most of them has a chinese blood.. also the pure chinese can bypass the constitution to buy the pilipino family name and that makes them to own a business 100% pilipino owned yet the owned by chinese..
Imagine if foreigners could own everything, we'd just be like slaving in our own country. The poor don't benefit much from it regardless.
Reform of constitution is not the solution the solution is to fix high electricity cost and this will make the Philippines good manufacturing hub and connect LUZON, VISAYAS and MINDANAO to reduce a high cost of goods in market
@@SunShine_sublime You're saying as if Singapore have been slaving in their own country lol
@@yuwi1783 Well, just tell me, what will you get from it? Unless you're the foreigner owning the business.
I lived in the Philippines' and in all my life i underestimated how good my country are lol it's not the best but compare to other countries it's pretty stable
What do you mean, it's probably one of the most volatile countries in Southeast Asia bro, Timor Leste level stuff
This was surprisingly well researched and concise. Usually other youtubers leave out a lot of nuiance and information about our economy. Thank you for this.
When the "Pwede na" mentality becomes an economic problem
Filipinos who fought for their independence would be so disappointed with the current state of the Philippines right now, it’s sad.
can you shut up about that please? everyone knows that. now name all the other factors that contribute to the massive pitfalls in the philippine economy. you guys are a bunch of illiterates that point to a single factor when in reality, it isn't.
I still love the philippines no matter what. Us filipinos were given better options cuz 1st world countries believe in our capabilities, we learn easily, adapt to changes fast, and resilience to hardships and difficulties. We are commendable when it comes to workforce. This coŕruption is our not genuine culture, this stems from different colonial invasion that disrupted our true values. Its true we are a developing country, we have strong and steady phase when it comes to progress, i know we will get there, just give the phils. A chance to better itself.
Get to what? Better what? Empty pride as always.
"1st world countries believe in our capabilities", You mean foreign CHEAPSKATE employers and agencies believe in the discount they can get because as what pinoys always says "pwede na" or "pasalamat ka na lang meron kesa wala".
In three different workplaces in Canada we’ve had offshore employees working night tech support from the Philippines. I can’t imagine it’s easy to work nights your whole career.
Philippines is in a different time zone. Night time in Canada is probably daytime over there.
The phone support folks constantly have USicans screaming at them on the phone and then go home completely stressed out.
@@AlanJames-oy4bj He explained it wrong, I am guessing. They are working day shift for Canada and nights in the Philippines
@@fanglethorpeworking the graveyard shift your whole working life hahahaha #pinoys
as a person from the philippines who likes night shift, i blame it on the hot temperatures of day time and the daytime traffic because everybody taking up the roads on the traditional day time schedules.
Accenture is MASSIVE in the Philippines. If you're a college educated white collar professional, it's either you (have) work(ed) there or know someone who does.
Used to work in Accenture in Sg. I think MASSIVE in Philippines is an overstatement. It's bigger in other developing economies like India. Over 40% of Accenture employees are in India if I remember properly. Indians do the main work in Accenture like coding, data analysis etc. In Philippines, it's mostly low-level and less important work like call centers and tech support for employees. That's what the video talked about - Philippines cant be next Japan because all of the things they are good at can be automated by AI very easily in near future
@@TheDonMan97 Accenture in the Philippines is in the exact same areas India is, not just call center work. IT outsourcing is huge in PH and Accenture is just as much into that. Yes India is (way) bigger but proportionally speaking, IT outsourcing is a large part of the work being done in the Philippines. And only India is bigger than PH in this area - "other developing countries" don't compare.
my classmate was hired by accenture after we graduated last year, while numerous accenture recruiters have reached out to me via LinkedIn even before I graduate. I decided not to take their offers and instead work for another company (an overseas company, but I work remotely). To say the least, Accenture is truly MASSIVE in the Philippines given their reach to our population
worked in Accenture... it's way bigger in india...however since Philippines has 1/10 population of india Accenture ppl r much more visible in philippines.
@@NoOne-kx7zs yes, exactly. :)
Love it when you mention and highlight China in the map you didn’t include Taiwan, thank you
Good points! For me, my country, needs brains first before emotions (personally).
Spawning in Philippines, is like gaming on hard mode.
But if you make it there you can make it anywhere
Hard Mode:
-50% Resource Boost
-75% Money Gain
-10% Strength and Intellect
+50% Corruption
how about north korea though
Most underrated comment on the board
@@daxondelly2141 special mode
Started to see , how's things going in philippines, suddenly saw ACCENTURE in the middle,
BTW I work in Accenture in India, nice work, hope we get hike we deserve as philippines and India was denied hike last year from Accenture.
The Philippines is on the right track... Philippines investment on cheap electricity in the future is a game changer to make Philippines as a manufacturing hub and independent to import... Philippines building massive of solar power plant and nuclear energy that will be materialize in 2030...If the government will consider to connect LUZON, VISAYAS and MINDANAO this will increa the Philippines economic growth by up to 20%. Imagine Philippines has a high cost of electricity and rely more on import about goods but still growing and scored as a top economic growth in whole southeast asia.
waging war against china is also a game changer.
Really proud of the Philippines 🇵🇭 don’t get bullied by china!
Fun fact, divorce does not exist in the Philippines.
Yes. Sad Part is 15% Filipinos are Single Parents out of 115 Million+ Filipinos while 14% of the 115 Million+ Filipinos are Single Moms, Worse than China, India, Indonesia in % Terms (Philippines is the 13th Largest Populated Nation). America, many European Nations are amongst World Leaders for Single Moms Worse than Philippines Too but many have Governmental Help. Most Single Moms Worldwide are in Poverty while Just Some Succeed
Thank God for that. No to Divorce.
Based
How about the percentage in the USA, Canada, and Western Europe?
Praise be to God for that, we have legal separation and annulment for that.
No to cheapening marriage by allowing divorce
"aggressively mid" really good way to describe this country like living here is not that bad but its all the smaller inconveniences really stack up makes living here a little bit worse than everywhere else
The Philippine people love the USA and Americans. I have travelled extensively and lived there and my wife is from the Philippines so I have a lot of experience with them.
The funny thing is.. Filippinos think that anyone white who comes there is American.. When I say that I am from my home country there, they look often a bit confused and then I have had quite many of them ask me what par of USA it is in? 😂
@@luvirini 😂🤣 Yes, I have seen that. 😄
@@luviriniTo be fair, Americans have been deeply rooted in Philippine culture that grandads pass to their son who become dads then to their sons that any white foreinger looking man is an American and if so we should be greeting them and welcoming them with open arms because we are friendly that way 🥰.
how much did you pay for her and where in Angeles city did you find her.
"Aggressively mid" is perfect description to my country. That's why I silently disagree lately when we become overproud of our country for some random things. Migrating to a different country opened my eyes how much behind we are at home. We were raised to believe what our conditions in the country are good enough - but many have already developed to do it better. We are so behind that even studying a decade to be a doctor in the Philippines is still not enough to be a doctor on other countries - they have to study further here in the US or in Europe or Canada even if they did the same amount of years of education. Our college system is dated filled with filler subjects, political situation, lack of discipline, and our "anti-new things" mindset is pulling us back.
Wait till the AGRARIAN sector comes to life don’t forget that the PH.has an abundant supply of water annually and I’m sure that at the end of this decade the AGRARIAN sector will come strong locally and internationally and it doesn’t have threat to AI’s revolution and the food security of the country would surely play a vital role in the coming decades to come.
Poor governance made the PH so bad, that it can't even provide enough rice for its people. They need to import rice from communist Vietnam.
this just called me aggressively mid. i have never felt more seen. thank you so much. this genuinely made me happy and proud.
Loved working with Pilippinos, great, hardworking, kind, people. Wish you all the luck in the world. Good video. Doing lots of things pretty well is what most people can only aspirre to in life, not everyone is going to be the best at everything. Sound midterm strategy by the Phils. Hope you can sort out the corruption.
Remember cousins: they're still our friends and we'll help them out whenever they need us, regardless of whatever they say
Wew finally an EE video about the Philippines 🙌🏼
In the Philippines, one of the criteria in choosing your degree is it’s employability or scarcity abroad. Because living an 8-5 job here equals just living to get by. Some are able to secure high paying jobs, but that is the exception and not the norm.
What this video doesn't show is that even though the United States sort of recognized Philippine's "independence" they still haven't totally let go. The next few decades have seen the United States interfering with the Philippines' internal affairs with its countless C-I-A operatives in the country, allegedly funding insurgencies and bribing its politicians, and at worse instigating regime change every now and then as evidenced by its multiple EDSA revolutions throughout its recent history.
This foreign power-induced political instability has caused its economic potential to stagnate and left it behind the rest of Asian economies. But since the one making this video is a white guy living in Australia, a country who is a part of 5eyes alliance, we can clearly see which side of the argument this video heavily favors on.
thats the way the world works. we are mere pawns. without American influence we would be poorer and less secure.
The Philippines is also a top destination for passport bros. The economic impact is probably fairly small at this point, but it is there.
nah..they have very mnimal impact on the economy. the negative effect is greater.
It's actually Thailand that has a greater number of passport bros.
@@thatoneguyii5458 I said it was A top destination for passport bros, not THE top destination.
Just came from Bangkok. The expats in the Philippines are 110% more decent than the ones in Bangkok. Passport bros/sexpats in Thailand look so degenerate 🤮 disgusting! at least passport bros in Philippines come to find a wife and family.
you mean, Thailand..
FINALLY A PHILIPPINES EPISODE
Its not the first video though
ua-cam.com/video/B8aV--1TMpQ/v-deo.htmlsi=yIm4wrGkZHPB9MVr
I work with Accenture every day and they are extremely whiny. They aren’t proactive and have no real drive. They sit and wait to do what they are told and don’t do anything that great.
As a Filipino, your description of the Philippines is incredibly accurate.
I believe if we can somehow fix our corruption problem we really would be a first world country
When AI and automation truly takes off and becomes commonplace in business. The Philippines economy will tank HARD
This presentation is so on point! Well done.
With this video, I can finally confirm that we are so cooked.
Yippee
always has been cooked
Philippines
Indonesia
Vietnam
Malaysia
That's the future for the next 50 years.
😂
I've been to many countries and Philippines is the most friendliest country out of all them.
Philippines 🇵🇭 is the foundation of circumnavigation. Thus, the reason why we enjoy globalization so early in our age.
People die of natural disasters and hunger, yet the leader (literal son of a dictator) distracts constituents from reality by picking fights with the giant neighbor that's certainly gonna end well. What a classic
The problem is the son is not like the father. Though the father was a dictator and might be corrupt. But at least he was ambitious and had the vision of making the Philippines a regional power in Asia. Eh yung anak, ewan na lng. Tingnan natin pag abot ng 2028 kung nag improve ang pilipinas.
Chinese 🇨🇳 communist sympathizer
To be honest, this actually is a lot better than what I think the Philippines is doing.
BTW, the original thumbnail said "Not the next Japan". When I read this, I thought: "Yeah Filipinos like me have known this for a long time"
Anyone that knows PH, knows in PH this is very very rare
@@ronregnier2179 this is a very doomerist mindset the countries economy is growing at break neck pace to the point that surpassing south korea in economy is not only plausible its inevitable within the next decade depending on if you ask more moderate or optimistic economic organizations either a 1 trillion dollar economy is inevitable in the next decade or a 2 trillion one. Id say lets just focus on making sure we can have a nice future
@@augustuslunasol10thapostle i try to be cautiously optimistic, but then I see typical Ph voters on tv.
You forgot to include the fact that the Philippines does not allow foreign land ownership - one of the necessary factors of production.
How ironic. So foreigners even more are motivated to buy people off to get advantage and market share.
China, Vietnam and Thailand do not allow foreigners to own land yet these countries attracted many foreign investors. Philippine laws allow foreigners up to 40% own condo projects and that alone created a real estate bubble that priced many locals out of the market. Chinese mainlanders' buying spree drove Makati prices up to 200% in a few years. Imagine what allowing foreign ownership of all land will do to the country. There is no way ordinary Filipinos will be able to afford to own and maintain their land. Land ownership is not even a top concern for many foreign investors. They cite poor infrastructure, high power costs, slow internet, red tape, regulatory inconsistencies, corruption and judicial system as main concerns. Allowing them to own land will not fix those issues. Charter change is continually being pushed by local politicians who will probabaly benefit personally from it.
@@daxdizon4591 Are you sure there are a lot of foreign investors in China? Last I know all foreign investors were investing in depository receipts listed offshore and not direct ownership shares in China and Vietnam. Imagine what these countries could be if foreign ownership of land was allowed.
Love how well informed and balanced his view are.
Nothing here was false and it was said straight forward.