TERM PAPER

2
THINK PIECE

Gerard John T. Cabantog

GED103_A40_1Q2021
 The country witnessed continued development and high-speed business and
commercial systems during the post years of the Third Philippine Republic, especially
during the early term of President Marcos especially in terms of installed numerous
facilities. Due to questionable building programs with a lot of fatalities, the Philippines
began to encounter turning point in economic stability at the end of President Marcos
early term. For industrialization and building programs, Marcos managed to take out
international loans. The national debt sky-rocketed by the close of Martial Law. Not long
after that, the world endured an economic recession. The value of the peso has sink
compare and against the US dollar. By that time, the housewife of Ninoy Aquino, Cory
Aquino assumed the presidency, the nation and the Filipinos had been left in the
miserable situation because of the last administration 's incompetence. The Philippines
was one of Asia's first tier and most outstanding states in the ‘50s, but unfortunately in
the last few decades, several people from its neighboring countries have surpassed it.
The processes of economic development are not being properly reached and
accomplished. But most of the times this is not occurring but it worsens when our
country start accepting the different kinds of industrialization with the neighboring
countries that makes our native farmers and agricultural workers suffer the
consequences. It prevents them accessing their land freely and causes conflict between
them. The legal corruption that is occurring around the world is another concern.
Personally speaking, I will find all leaders in the country as unethical. You can never
really tell if anyone is being fake in the workplace or has as pure heart anymore, and
that says a lot about the question. Many land deals and improvements have been
enforced, but an equitable scheme of sharing is a re-occurring challenge. Land tenants
complain that in owning the resources, the landlords exercise their different types of
dominance. The importance of agriculture should be the number one priority of our
government because the Filipino community relies on it and its worth should not be
ignored. We will remember the possible elements that caused the foul label, in order for
us to be gradually taught why our country was named the Sick Man of Asia. We will
separately acknowledge the concerns relating to agrarian reform, reforms and reforms
in our constitutions, and tax assessment.
Despite the visible years, the Philippines has really suffered in its agrarian and
land shifts. At that time, during the pre-pilgrim era, there was an unfair dispersal of land
among the Filipinos. Individuals of the world class were only those who were favored to
buy a land parcel that would be run by individuals of the lower class. This kind of
deceitful act persisted until our country became a republic where pioneers were
appointed to provide an administration condition. As of not long ago, from past
President Quezon, the issues of land acquisition are still a noteworthy topic in our
country. As a whole, we recognize that the Philippines is a rural country, so our property
assumes an excellent job in our financial position. As the material given to us shows,
our nation's underdevelopment was profoundly affected by the dilemmas of our agrarian
rules. In order to advance our economy, entrepreneurs relied more on industrialization
than the traditional process. In comparison, the Philippines has hit its highest point in
economic standing, in the middle of the routine of former President Ferdinand Marcos.
Through one way or another, the inexpensive position of the nation bound its
neighboring nations to Asia, and even to the western part of the world. As named by the
faultfinders, this developing and dictatorship era helped the country to regain the regard
we used to have in the early occasions when we ended up one of Asia's best and most
outstanding nations. When the nation reverted to a fair kind of government, dilemmas
arose in the middle of the Cory Aquino organization. The way of handling our kindred
Filipinos also shifted when there were changes in our constitution. With this, the
government seemed to feel once more about the modifications. This culminated in the
nation's underdevelopment in relation with other nations. Currently there are a lot of
ways to lessen poverty. Next, the Law on Agrarian Reforms. We have the Policy of
Systematic Agrarian Reform or C.A.R.P. According to some reports that back then,
when Ferdinand Marcos is the president of the Republic of the Philippines, he forms a
system and a plan that all farmers that don’t have a land to grow crops and natural
resources is will be given and can access it freely. Today, rural land is being turned into
subdivisions. Currently our agricultural land is being abused and turned into an urban
area that unfortunately makes the farmers in that particular area to move out and find
jobs in different industries and sadly left the farming industry. We now have the Rice
Tariffication Act as well, which lifts the restrictions on rice imports. Still, our farmers are
left in the dumps, and this causes against the Filipino rule favors foreign rice growers.
The Tax Reform for Acceleration and Inclusion Act, also known as the TRAIN law, is
one of the initiatives that is said and proclaim by the government to have a beneficial
effect on the economy and financial status of Filipinos. The reduction in income tax,
which is claimed to benefit the poor Filipinos. A tariff was charge on petroleum products
with yearly adjustments in return for this. But the reduction in tariff is too good to be true,
what is going to happen to those who do not earn a regular income, particularly the
urban poor? Now that the price of gas has increased as a result of the excise tax, based
on basic economics, there is no question that the costs of all goods will sky-rocket.
What's going to happen to Filipinos who don't have to pay a lot?
Finally, it also generated an enormous effect on the underdevelopment of our
nation in the previous years as of not long ago, with regard to the problem of tax
collection in our region. In fact, back in the day, the tax charge on neighborhood goods
was usually higher than manufactured imported goods. This resulted in the loss of the
neighborhood administrations and merchandise against the global administrations and
goods imported in those days by our country. Be that as it might, today, as suggested
by the Asean guidelines, tax charges for non-horticultural products hit the midpoint of
6.7 percent. The Philippines Levy Commission has developed a web-based interface to
provide dealers with assistance. The Philippines Traditions circulated an estimation that
included expenditures of 12 percent for imported goods. In spite of the tax collection
factors that affected our nation's underdevelopment, a notable explanation is the
present legislation in the approach to tax assessment. On the nineteenth day of
December 2017, TRAIN law is the fundamental arrangement of the extensive
assessment change program branded into law and developed by President Duterte.
This led to the sudden rise in the rate of expansion of each Filipino individual's basic
necessities. A few critics have charged and blamed this legislation for why Filipinos
undergo, as well as our economy. The only way to get out of this wretched economic
struggle is to pick our leaders well. We have adequate resources, but they are not use
properly because the government's direction is not for the country and the people to
change, but for the people to make their personal achievement. This is the primary
reason why, on a negative scale of prosperity, our nation is stuck and people are
suffering. The government has a choice to do something about it, but we also turn a
blind eye and do not even see the end of the line to stop this suffering. (Word
Count:1307)