Mc Charlie D.

Ugay 11/18/21

The Contemporary World

Midterm Task Performance

As a citizen of the Philippine Republic, write a journal about how you see the Philippines in the next
twenty (20) years as an Asian country and a third world country as well. You may also include
comparisons among Philippines and other Asian and Latin American countries.

- The Philippine economy has been one of the most active in the East Asia Pacific area. The
Philippines' economic vitality is anchored on a strong consumer demand backed by a lively labor market
and substantial remittances, thanks to increasing urbanization, a growing middle class, and a huge and
young population. Our country is continually developing as time passes, and our country's poverty is
decreasing. In 2015, the poverty deduction was reduced by 7%. Despite the fact that a pandemic began in
the Philippines in the year 2020, the country has just recently begun to grow its poverty rate. As a result,
we had to borrow money to meet our basic needs. The epidemic had a significant influence on our society,
particularly on laborers and employees. The pandemic had a significant impact on large enterprises and
corporations. This causes us to develop a new normal and adapt to our unfavorable situation.

According to the theme, the Philippines is expected to become a developed country during the next
20 years. Since the economy is expected to expand at least 6-7 percent every year, we would have gained
a considerable amount of Gross Domestic Product (GDP). Filipinos are expected to have a very high living
standard. This scenario would transpire if the Philippines began to implement massive reforms in our
historically weak governance system in attempt to optimize administrative effectiveness and minimize
corruption. Filipinos must abandon the existing system of patronage and family royalty in favor of a
meritocracy similar to that of Singapore.

Economic reforms are also critical, such as continued investment in infrastructure to improve
transportation, easing the process of establishing businesses and encouraging people to start their own
ventures in all fields, lowering barriers to investment (particularly foreign), strengthening, and prioritizing
our manufacturing, creative, and technology sectors, making our agricultural sector more productive and
resilient to the predicted effects of climate change, and so on.

There is also a need for cultural reform, perhaps even revolution, among us Filipinos, such as
removing our laid-back attitude toward life, limiting the influence of Catholicism and Islam on our attitude
toward modern thinking, being more willing to take risks to improve our chances rather than being afraid
to do so, valuing secular education and intellectualism, and being willing to help those who struggle to
meet modern society's standards rather than punishing them.

But only if the Philippines is able to implement such sociological and administrative reforms while
maintaining its economic performance through economic reform and restructuring throughout this era
can I be convinced that the Philippines will be a developed nation by 2041.