KATE NICOLE PAR ECONOMICS DEVELOPMENT

BSMA 2-9

Under the PDP, the government aimed to reduce the poverty rate to and to
become an upper-middle income economy by 2022. The goal of the PDP 2017-2022 is to
enable Filipinos to attain a matatag, maginhawa at panatag na buhay. It acknowledges the
accomplishments of the previous administrations, adopts the good practices and carefully
considers the lessons gleaned from these experiences. The Philippine Development Plan
(PDP) 2017-2022 has been formulated to lay down the foundation for inclusive growth, a high-
trust and resilient society, and a globally competitive knowledge economy. The view
development and quantity living for Filipinos is much look good because it will decrease the
rate of poverty in our country, it can aime that we live in matatag (strong) people in our country
to fight poverty after that we can enable the maginhawang pamumuhay that everyone will no
longer hungry and thirst because the poverty rate decrease with the help of this development
and last we can achieve the panatag that means our country is enable to give what filipinos
need. Policies that support employment and workers, raise education quality and improve
access, boost rural development, and strengthen social protection can reduce inequality, thus
enhancing Filipino peoples' chances for improving their well-being. Poverty reduction can be
attained by stimulating economic growth to increase incomes and expand employment
opportunities for the poor; undertaking economic and institutional reforms to enhance
efficiency and improve the utilization of resources; prioritizing the basic needs of the poor in
national development policies; promoting microfinance programs to remove constraints to
innovation, entrepreneurship, and small scale business; developing and improving marketing
systems to improve production; providing incentives to the private sector; and, implementing
affirmative actions such as targeted cash transfers to ensure that the social and economic
benefits of poverty reduction initiatives reach the demographics that might otherwise be
excluded. Base on what i have learned in class we shoul frame our development plan by
building reflective practice of government and people by stopping work periodically and
encouraging them to record their thoughts about what they can share to improve our country
to lessen the rate of poverty in our country and to achieve the growth and development that
we aime. Economic development cannot take a nation forward on its own. We need a society
and economy which complement each other. We need to take care of the poor, deprived and
left behind sections of society.
As the topic discuss we learn about the different theories in growth and development how it
helps to our economics at first I cant understand the topic because a lot of theories,
graph,calculation, advantage and disadvantage they have and my brain is not that fast to
process all of it but when i start to analyze the topic and start little by little i understand that
Economic growth increases state capacity and the supply of public goods. When economies
grow, states can tax that revenue and gain the capacity and resources needed to provide the
public goods and services that their citizens need, like healthcare, education, social protection
and basic public services. Economic development is a critical component that drives
economic growth in an economy, creating new job opportunities and facilitating an improved
quality of life that includes increased access to opportunities created by economic growth for
existing and future residents, with the help of the different theories we can identify if our
country have a progress and i would like to congratulate the reporter they did a good job, the
topic that assign is they discuss in a way that the class will listen and understand the lesson.