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ANALYZE: Analyze the specific strategies REMEMBER: What are the potential
mentioned in the plan to boost industry Understand challenges and obstacles the Philippines may
competitiveness. How do these strategies face in implementing the plan and achieving its
contribute to the overall goal of inclusive Remember objectives?.
growth?
Developing Planning Part I
The National Economic and Development Authority (NEDA) in
the Philippines, established in 1973, was responsible for economic
planning. It took over the roles of the National Economic Council
and Presidential Economic Staff. NEDA created plans for
economic growth, fiscal responsibility, and social services under
both the Marcos and Aquino administrations. The focus was on
infrastructure development and attracting private capital
investment to promote growth. This development plan’s primary
goal was to address social problems that were experienced in a
daily of the Filipinos particularly alleviating poverty, reduce
unemployment, and promotion of social justice and equity in order
to attain a sustainable growth in the economy.
Bloom’s Taxonomy Questions
CREATE: What action plan did the National Economic and APPLY: What were the themes of Aquino's Campaign in the
Development Authority conducted in order to address the year 1987-1992?
circumstances regarding with the national economy?
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ANALYZE: Why is growth encourage REMEMBER: Can you list some of the
largely through the provision of Understand goals to be achieved through the economic
infastractures and incentives for investment plans stated in the text?
Remember
by private capital?
Development Planning
Part II
In the late 1980s and early 1990s, the
Philippines faced economic challenges,
falling short of its growth targets due to
issues with exports and imports, internal
conflicts, and international creditor
relations. The government had a history of
encouraging investment, but policies faced
criticism and revisions.
Bloom’s Taxonomy Questions
CREATE: How could the Philippine government have APPLY: How did the Philippine government incentivize
improved its economic policies and planning to better achieve investment, and what changes were made to the incentive
its targets, considering the challenges mentioned? structure over time?
Create
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ANALYZE: What were the criticisms of REMEMBER: What were the key
the incentive structure in the late 1960s and Understand economic performance indicators?
1970s, and how did it affect the economy?
Remember