10 SCENARIOS

ON HOW ECONOMIC SECTORS

AFFECT THE PHILIPPINES’ GDP

ENTREPRENEURIAL MIND
MIDTERM-PROJECT

Francis P. Garcia
BS in Civil Engineering
 1. WAR
SCENARIO: The war between Palestine and Israel can have some indirect effects on the GDP of the

Philippines. Even though the Philippines is far away from the conflict, what happens in other parts of the

world can still influence our country's economy. The conflict could also make things more expensive for

us. The Middle East is a big supplier of oil, and if there are problems there, the prices of oil might go up.

Since the Philippines buys a lot of oil, this could increase the cost of making things and transportation.

When the costs go up, it can make everything from food to gadgets more expensive for us.

2. GLOBAL PANDEMIC
SCENARIO: These past few years, the COVID-19 pandemic has become a worldwide health crisis.

Many people lost their jobs or had to work less because of the pandemic. It's like a lot of families

suddenly had less money coming in. That means less money moving around in our economy, and it

affects businesses, especially the small ones that are like the heartbeat of our communities.

3. GOVERNMENT CORRUPTION
SCENARIO: Firstly, when government officials are corrupt, they might take money that's supposed to be

used for important things like building schools, hospitals, and roads. If the money doesn't go where it's

supposed to, these projects might not happen, or they might not be as good as they could be. Second, it

affects our daily lives because we might not have good schools or hospitals that are necessary for

economic growth and lastly, our roads might be bumpy and not safe that’s why I want to become a Civil

Engineer to lessen the corruption in building project allocations.

4. NATURAL DISASTERS
SCENARIO: Like the ants that are busy making soil houses (Anthills), we, people the destroyer; a

natural disaster in their perspective. Imagine if our room suddenly gets hit by a storm, and things get

damaged or lost. It's a mess, and we have to spend time and money to fix everything. That's kind of

what happens to a country when there's a natural disaster strike that can massively impact the GDP.

5. TRADE BARRIERS
SCENARIO: China makes so many things, and they sell them at really low prices. It's like having a

friend who has the coolest toys and clothes, but they sell them super cheap. That might sound

awesome, but it's not so great for us trying to sell our own stuff. People see the cool Chinese things, and

they buy those instead of ours. So, it's like our local businesses can't compete, and that's a bit tough.
 6. INFRASTRUCTURE DEVELOPMENT
SCENARIO: Imagine building a strong foundation for a tree. The stronger the foundation, the taller the

tree can grow. Similarly, good infrastructure is like a strong foundation for our country. Having reliable

electricity, clean water, and good internet. These are all part of the infrastructure. When we have these

things, life becomes easier. Businesses can operate smoothly, and students can study better. It's like

having good tools to do homework or play a game.

7. AGRICULTURAL TECHNOLOGY
SCENARIO: Technology in agriculture is like giving our farmers superhero tools. It's not just about

growing more food; it's about growing the country's wealth. Technology helps farmers grow more food.

Imagine if our farmers had a magical tablet/device that told them exactly when to plant and how much

water each plant needed. That's kind of what technology does for farmers. They use cool gadgets and

apps to know the best times to plant and harvest. This means more crops, and when there's more food,

the more resources we have to sell or export which greatly impacts our GDP.

8. IMPROVEMENT OF EDUCATION SECTOR

SCENARIO: When we talk about making our country stronger and wealthier, ‘Education’ is like the

secret weapon we all have. It's not just about books and classrooms; it's about shaping the future of our

whole country and making it rich in more ways than one. When we get a good education, it's like

unlocking our superpowers. We learn skills that can help us get better jobs when we grow up. Imagine if

everyone in our country had really awesome jobs. That means more people working, making money,

and adding to our country’s GDP.

9. RENEWABLE ENERGY INVESTMENT

SCENARIO: Think about if we didn't have to depend so much on expensive imported fuel. With

renewable energy, it's like having our own power plants powered by the sun, wind, and water. That

means less money going out of the country to buy fuel and more money can save for our GDP.

10. PUBLIC ART INSTALLATIONS

SCENARIO: Public art installations are like magnets for tourists. Imagine someone visiting our country

and being drawn to those amazing and unique art pieces scattered across cities and towns. Tourists

spend money on accommodations, local transportation, food, and souvenirs, and buy expensive

paintings based only on our skill set contributing directly to the economy.