Protectionism: Is it morally right or wrong? ***Is protectionism is morally right or wrong. Will political intervention in economic processes such as trade be more beneficial to a country?*** In my own standpoint, protectionism is morally wrong in any case as this will be used for personal gain and not for the betterment of the country as a whole. It must be abolished as it has a great potential to breed corruption. Moreover, if a country wanted to have economic success, it…
@smojojwang in October 2022
Alternatives for Improving the Economy of the Philippines During this Pandemic The pandemic brought massive changes to every aspect of life and made it difficult to adapt and quickly recover from this unprecedented situation. One of the aspects that were greatly affected is the economy of every country around the world. Everyone is finding a way on how to survive and provide the necessities while not risking anything. In order to improve the economy of the Philippines during…
Classical, country-based international trade theories: Differences and how it evolve? International trade brings to light the exchanging of goods and services between countries. With that being the case, economists, researchers, and analysts study and debate the possibilities as well as the reasons why a country should be engaged in trading internationally. They based their arguments mainly on the theories that happened in the past. These international trade theories were…
Modern, Firm-based International Trade Theories As the economy progressed, the emergence of the modern economy is keeping up its pace and thus brought changes into international trading. In comparison to the classical theory, this addresses the expansion of trade between two countries that produce goods in the same industry. Moreover, to better understand the flows of trading, the researchers and economists of the modern theories incorporate other product and service…
How a business may use the trade theories to develop its business strategies In order for the countries and firms/businesses to have a sustainable competitive advantage, the first thing to consider is the importance of knowing the factor conditions or the local market resources capabilities of the industry to be able to import and export. They must have enough resources and allot factors of productions like skilled labor, investments in education, technology, and…
Why does the government create trade barriers? ***If trade barriers hurt the average worker in an economy (due to lower wages), why does the government create trade barriers?*** When a country imposes trade barriers, it’s either for the betterment or loss in exchange for something. In protectionism, countries just reshuffle jobs from different industries but do not create more jobs. In order to “save” jobs, countries will prioritize and specialize those industries that do…
Does protectionism breed corruption? Thank you to my first ever sponsor here in Read.cash @AnonSunamun it means a lot to me. With the concept of protectionism, countries place restrictions on imports into the economy. This seems like isolating the country from having neighboring countries enter and discourages competition. With this, there will be a decline in trade and countries’ reason to innovate and improve will be lessened as there are no other emerging markets within…
Reflection: Philippines Relationship with ASEAN and the benefits of ASEAN integration Globalization took a huge part in the economic success of countries all around the world and this includes the establishment of the Association of Southeast Asian Nations which is an organization that brings together disparate neighbors to address economic, security, and political issues. The Philippines, as one of the founding members of ASEAN, is also considered a middle-income ASEAN…
Importance of Obligation of Contracts An obligation is something that the person required to take while the contract is where there is an agreement between the parties; one is making an offer and another accepting. In these two terms, it is crucial in every field including business and even to everyday activities. A contract is nothing more than an agreement. There’s a mutual assent and both should meet the requirements stated. It’s like give and take situation, both will…
My Personal Experience in an Organization ***Disclaimer****: This is just an academically established organization. No actual organization was established.* It has been tough and a challenging project. At first, I was overwhelmed with a load of tasks given, and working in a group was also one of my concerns. I know to myself that I have poor verbal communication skills, and I excel more when I work alone. It brought me so much stress to the point where my body can't be…
Philippines: Pandemic, police power, and private contracts Due to the sharp increase of confirmed cases brought by the pandemic, the Congress decided to hold special session on March 2020 and enacted the Republic Act No. 11469 also known as the Bayanihan to Heal as One Act (Bayanihan Law). The said law granted the President additional power or authority to combat the COVID-19 pandemic in the Philippines. These powers includes urgent measures to meet the current national…
COVID-19 and Force Majeure: Managing Contract Crisis in the Philippines The Corona Virus Disease (COVID-19) outbreak brought a huge impact not only on the tourism of every country around the world but also on the economy in general and operations of different establishments as well as other business entities have been affected. There have been major layoffs due to the unavailability of providing the necessities of the manpower and on a global scale, various businesses…
Personal Experience: Team Work, Stress and Time Management *Importance of teamwork and the 5 components to achieve the best teamwork in an organization (household).* *How can Anger, Stress, and Time Management help you to achieve the goal of your PROJECT on time and deliver QUALITY results.* It may sound so cliche but the essence of being “No Man is an Island” never gets old and still timely especially in these trying times where everyone needs a strong support system in…
The Impact of the COVID-19 Pandemic on the Philippines In order to prevent the spread of the virus as well as for the safety of everyone, President Rodrigo Roa Duterte declared on the 16th of March 2020 during his address to the nation to put the entire island of Luzon under the enhanced community quarantine (ECQ) until midnight of April 13. During the imposition of the lockdown, there are changes as well as restrictions provided to prevent the contagion of the disease…
How my family communicate out needs during this time of pandemic, and last year's Lenten season During the first year of lockdown, it was really a tough time for everyone including my family especially the first weeks of lockdown. My father stopped working for weeks because of the strict protocols and checkpoints at that time. Thankfully, we still manage to have some savings and still provide for our daily necessities. No one expected the drastic changes brought by the…
Take 3 on Package 2 The Corporate Recovery and Tax Incentives for Enterprises (CREATE) bill was signed into law recently on the 26th of March 2021 which is now Republic Act No. 11534. Finance Secretary Carlos Dominguez III said in his speech "With CREATE, we are leaving money in the private sector's hands to revitalize their businesses...We trust that enterprises will re-invest their tax savings from CREATE back into the economy to spur domestic activity and create more jobs…
How the TRAIN law worsened poverty, inequality TRAIN Law or the Tax Reform for Acceleration and Inclusion was signed in 2017 to correct the drawbacks in the tax system of the Philippines. Through this law, various alterations in the different types of taxes were introduced including reform in personal income tax, estate tax, and even excise taxes on the sweetened beverages and tobacco products, etc. The government plans to use the generated funds/revenue from this reform to…
A Situational Analysis: POLICY NOR FALLACY **MAIN PROBLEM: DEVELOPING JOB DESCRIPTIONS OF STORE SUPERVISOR** During Nicole’s work at the company, she asked one of her supervisors, Jet, why he is violating a policy that is part of the company. He responded that he is not aware that the policy is part of his job. Nicole as a manager of the store, all major activities in the working life of a worker from the time the employee was hired or leave the company are under her duty.…
How important each position in the HR Department This is based only on my observation as well as my my own research. Anything cited were purely opinion. **Human Resource Relations Staff.** Even though employees in this rank and file position do not have great control over what they can do or decide for the company, they are still important because they are the backbone of the company. It will not function effectively and efficiently if there is no staff working for the…
Human Resource Department and Promotion ***How crucial is the HR Department in a company?*** People are the most important aspect and a great resource of the company. It will not utilize its resources if there are no people working as well as contributing to achieving the goals and strategies of the company. That’s why it is crucial to have an HR department in the company to be able to manage the development of the employees as well as the performance that at the same time…
Case Study: Human Resource Conflicts ***As head of HR, how are you going to handle the problem of the incumbent production manager, Analisa Rafol, considering she rose from the ranks because of her exceptional performance record? How can you constantly adhere to acknowledge moral standards of decision making and behavior in your personal, professional and organizational affairs by choosing your best be in the position?*** As Head of HR, we must encourage growth and…
Case Study: Keeping Up With I.t. ***Main Problem:*** Significant changes happened in the past 20 years that Samuel has worked for Andres Enterprises. In the past years, using computers was not much of his concern because these were not used before in any HR applications. However, with the discovery of new ways to cope with the fast-changing of technology, the field of HR decided to apply it to improve the responsiveness of the employees as well as the administrative…