The Philippines is labeled to be export- oriented, import- dependent and foreign dominated since the day it started living

in the arms of foreign countries for the so called "growth" of its economy. The country's economy flows through exportation of the best local goods we could offer, both raw and finished goods. This pushes the economy to further develop key export industries more than other locally consumed products from certain industries leaving the country import dependent. And as the country continues to move further into the globalization and trade of its products through massive exportation, and at the same time sustaining its needs through importation, its economy gets dragged into a very vulnerable situation in which changes and shifts of other economies pose great risk to our economy as a whole. Not to mention, becoming an import-dependent country kills the local industries which further aggravates the situation of our local entrepreneurs who are struggling to make their business survive amidst the tight competition from transnational corporations who are supported and encouraged by the governments incentives. The government is wrong for thinking that the economy will sustain its growth by heavily depending on export production and importation whilst forgetting to properly set its limits and priorities.