Economic Charter change

Cha-cha ni Marcos Jr: Isa pang maling hakbang

February 16, 2024

PRAYMER

Akala yata ng mga nasa poder na uubra ang pangangako ng kaunlaran bilang pantabing sa pansarili nilang interes sa Cha-cha. Ang totoo, mismong ang pangangatwiran para sa ekonomiya ang magpapatingkad ng pagka-anti-mamamayan ng Cha-cha ni Marcos Jr.

Foreign investment doesn’t mean development

January 26, 2024

The Marcos Jr administration claims that relaxing the Philippine Constitution’s economic restrictions through charter change or Cha-cha will attract more foreign investments and bring development to the country. But will further investment liberalization do this or just worsen Filipinos’ economic woes?

Millions of Filipinos still poor despite foreign investments

March 23, 2023

Some politicians claim that more FDI after charter change will reduce poverty. However, poverty has stayed high over the years of increasing FDI.

Unemployment worsened even with more foreign investment

March 23, 2023

Proponents of charter change insist that more FDI from changing the Constitution’s economic provisions will create job opportunities and decrease unemployment. Has unemployment decreased as FDI increased?

Job creation weakened despite rapid FDI growth

March 23, 2023

One of the key arguments of charter change proponents is that liberalizing the economy to FDI will create more jobs. But job creation has actually weakened even as foreign direct investment inflows increased.

Trade deficit worsened as FDI increased

March 23, 2023

In the absence of Filipino industrialization, FDI dominates domestic manufacturing. Foreign manufacturers and foreign investors in general have very low local content and their import-intensive operations are fueling the country’s trade deficit. This has widened over the years reaching a record US$43.5 billion in 2018.