It appears that the Yolanda tragedy, which is feared to have killed over 10,000 locals in the Eastern Visayas region, has been very effective in bringing in foreign aid instead of the most needed foreign investment that could have helped Filipinos build safer and stronger homes, buildings and infrastructures. To date the Philippine government received nearly two billion pesos in foreign aid from industrialized countries, which include United Kingdom (P710 million), United Arab Emirates (P424), Norway (P141 million), Canada (P206 million), and the European Union (P173). The United States government also pledged $20 million in aid (P860 million), apart from deploying U.S. troops to help in the release of relief goods and relocation of typhoon victims. Its quite interesting that these donor nations are not just the worlds freest and most open economies; theyre also the major OFW destinations. They are willing to help the Philippines despite the bitter fact that the countrys laws unfairly limits and discriminates against foreign professionals and investors, particularly the nationals of the afore-mentioned generous countries, to protect Filipino oligarchs against foreign competition. vincenton.wordpress/2013/11/12/mr-president-its-time-to-tear-down-rps-protectionist-walls/
Posted on: Tue, 12 Nov 2013 21:01:10 +0000
Trending Topics
Recently Viewed Topics
© 2015