Sunday, September 27, 2015
Philippine External Debt by Julie Ann C. Dy
According to the book, Sociology and Anthropology: Fundamental Concepts of Society and Man written by our very own teacher, Sir Glenn Trajano, the Philippine External Debt refers to the amount of money capital and interest- booriwed by Filipinos from international banking institutions like Asian Development Bank, World Bank, and International Monetary Fund as well as country creditors.Throughout the years, as we take a look at the number of debts that the Philippines borrowed from other countries, it makes you question, "Where did the money go?". Each president that we've been under has borrowed billions of dollars but why is the economy of the Philippines still not improving as much? This just shows how corrupt our country is. I'm not saying that all the presidents didn't help in making the economy of the Philippines improve but I am confident that they didn't give their all. In my opinion, the Philippine External Debt is an eye opener to me that none of our leaders are trustworthy. To prove it, an example would be how the Philippines is still dealing with a major problem- YOLANDA. Up until now the citizens in Tacloban City are still suffering. Although it has its improvements, it hasn't risen up to its full potentiality. And to think that foreign countries have already donated billions to trillions of dollars for the Yolanda victims. WHERE IS THE MONEY?. If only the money was not corrupted, I believe that we could rise up to be a better economy. Take for an example, Japan had experienced a scenario far worst the ours- the earthquake and tsunami in the year 2011. However, after a year, Japan has risen up to become a better economy. To me, they were able to rise up not because Japan is richer than the Philippines but because the money given was not corrupted. It saddens me to see that the Philippines is still suffering with the Yolanda tragedy and is having to deal with poverty and loan problems. This is all in the hands of our leaders, the president and the government. So, where did the money go?
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Poverty is indeed the root cause of corruption. - Mia Russell
ReplyDeleteThe least the government can do is have a little mercy and think about our country before their own benefits.
ReplyDeleteThe government displays corruption at its finest
ReplyDeleteThe actions of our officials contribute to our state of society. Seeing as to how our society is like, it is safe to say that we are not under good hands.
ReplyDelete-Paul Beltran
Money being collected from us are used in the most unnecessary things like renewal of roads (even the fine roads are being renewed instead of the rocky roads), construction sites which is just ruining the environment and etc. Why not use it for the ones who need it the most like Victims of calamities, the poor, workers who doesn't get enough payment and etc.?
ReplyDeleteTo think that the Philippines is the only Roman Catholic country in Southeast Asia yet we have the highest rates of corruption, really disgusts me.
ReplyDelete"Absolute power corrupts absolutely."
ReplyDeletePeople are easily blinded by money, even the kindest and the most honest man can be tempted by it. So it will be very hard for us to choose who is really the right man to lead without corruption.
ReplyDeleteIt is very discouraging to know how easy a lot of people are manipulated by greed. To the point that it clouds their judgement on what is right and wrong.If it continues to go on like this i dont think we will ever see a bright future for our country.
ReplyDelete-Marc Lim
If there is no corruption, their is no such thing as poverty. For the government, the politicians should to their job that requires aid and help from the citizens give the future generation a better life as they too help themselves rise.
ReplyDeleteWhen political leaders lie, cheat and steal, when public offices become a common public curse especially in terms of graft and corruption, when public funds go to private pockets, then we begin to realize that corruption is the gravest threat to Philippine democracy and society today. We must stop graft and corruption in our country in order for us to pay our external debts.
ReplyDeleteFrances Bosque BSOT 1-B
It's just sad to see the Philippines suffering from so much corruption and poverty. If we actually had responsible, open-minded and not blinded by money leaders, then our country would be in a MUCH better state than it is now. Then again, it is safe to say that the present economy is not in good hands.
ReplyDelete-Therese Alcoseba BS OT 1-B :D