Once again the nation is beset with another political
drama depicting two opposing protagonists. Supreme Court Chief Justice Renato Corona
is being tried at the Senate impeachment court for several allegations. These
allegations include, among others, his supposed protection of embattled former
president Gloria Arroyo and his inability to declare all his properties in his
statement of assets, liabilities, and net worth.
The House of Representatives, acting as prosecutor of the case and with the
tremendous support of the Aquino administration, is seeking the removal of the Chief
Justice.
One cannot appreciate less the efforts of the Aquino administration in making sure
that its government is free of any graft and corruption acts. PNoy believes that
once our country got rid of the problems on graft and corruption, as he depicted is
his vague slogan, “Matuwid na daan,” there will be real economic
progress. This is the reason why right from the very start of his administration, it
also started to make people accountable for their shenanigans in the past.
However, while the Aquino administration is at it, one cannot help but ask,
“What about the economy?” With the executive and legislative branches of
the government engrossed with the impeachment proceedings, chances are, they will be
compromising time and effort that should be devoted to our economy. Although people
from the business community have voiced out their optimism that the trial will not
have any effect on the country’s economy, it may create deeper divisiveness in
the government and among the people which may not be helpful to our economy.
The entire nation, especially those from the lower income class which forms majority
of the population, would like to see a more intensified effort from the current
administration to uplift the economy. Given its ability to move heaven and earth to
impeach Corona and put Arroyo to jail, the Aquino administration must also do the
same for the economy. We have seen how swiftly the House of Representatives acted on
the impeachment of Corona, yet when it comes to crafting economic policies and
programs, it seems that is takes them a longer time.
At the end of the day, whatever happens to the impeachment trial or whether Arroyo
is convicted or not, what matters most to the people would be their economic well
being. People are wanting of more income, a lot of people are unemployed while more
are underemployed, people are eager to have greater access to basic service such as
education and health, and people are aspiring to have a better way of living.
All these can be addressed once the economy has jumpstarted and growth is achieved.
There are a lot of things that the Aquino administration can do. Some of which were
actually part of its economic programs, however, there has been no substantial
effort given to them and these programs have not created any valuable impact to the
people. One of these is the PPP (public-private partnership) program. This aims to
improve infrastructure in the country through creation of ties with the private
sectors in constructing highways, airports, seaports and other infrastructure needs
of the country. However, almost two years into the Aquino administration, the
program has not fully started.
Another area that the Aquino administration must concentrate on is the potential of
the country to become a top tourist destination. Although there is an initiative of
the government to grab the opportunity, all that has been done is to come up with a
slogan program to promote tourism in the country. Such slogan has even raised few
negative issues such as it is not original and the words just don’t rhyme.
However the boom of tourism does not rest only on a slogan, no matter how good it
may sound. What matters is what the country can really offer. Just recently, the
Ninoy Aquino International Airport was judged to be second worst airport in the
world. Add to this the fact there is lack of infrastructure that would support the
tourism industry.
Further, if we look into the international setting, many business and economic
analysts are saying that this is the opportune time for the country to acquire
foreign direct investments. Given the events transpiring in the global economy, the
US economic recovery, the European debt crisis and the Arab rising to name a few,
experts are saying the investment would flow towards this side of the world. The
biggest market now, both for investment and consumption, is Asia. The Aquino
administration must be opportunistic in perspective so that the country will reap
the benefit brought about these events in the world economy. The entry of abundant
foreign direct investments will be beneficial to our country.
All these initiatives, infrastructure, tourism and foreign direct investments would
create a rather direct impact to the people in terms of employment and higher
income. Complement these with the proposal of Bangko Sentral ng Pilipinas Governor
Amando Tetangco Jr. that the government must increase its expenditure to boost the
consumption and production of the country. If all these will happen then there is a
great chance that the economy will jumpstart under the Aquino administration.
What PNoy is doing is not wrong. In fact it is good for the country, only, it is
not enough. There must also be more focus on the economy. As said by Gerardo
Sicat, a noted economist and book author, “The preoccupation with improving
governance is good only up to a point,” thus, what would be good at all
times will be an improved economy. |