An Objective Approach to Economic Growth

Opinion / Ethics and Responsibility

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An Objective Approach to Economic Growth
Arnold Collado, Member, Professor, Philippines

Efficient and Effective Utilization of Resources

It is claimed that the Philippines is one of the richest countries in the world. Indeed, it is if only the political leaders and economists are aware of these resources. Political leaders have so much money in their coffers to squander on luxury. This would be ethically considered if only they buy local goods for this would benefit the constituents. When they bring the money out of the country, these expenditures decrease the dollar reserves of the economy. These cash outlays are not cost efficient. If only these political leaders collectively put together these outlays for investigatory projects, the unveiled natural resources would be productively utilized for economic development.

To name a few, there are a lot of uncultivated mountain sides. The water reserves coming from the mountain tops are not efficiently utilized to irrigate these uplands. This inability of the government to make use of the mountain rivers makes the people indolent and unproductive. Such attitude drives the rural folks flock into the urban cities and contribute to the problem of congestion.

The presence of the deuterium deposit in the Philippine area of responsibility is scientifically proven. If only there is a political will to uncover this potential, this resource could be the ultimate solution of pollution brought about by gas and oil. This alternative will make the Philippines the center of great economy. The deuterium reserve will be more than enough to supply the world's energy consumption

A Social Responsibility Cooperative Banking (SRCB) is another concept. This concept allows each citizen to deposit an affordable daily deposit which will qualify him to have an equal chance of winning Millions of pesos from a scheduled draw. This program will be at the same time a Pension plan endeavor for every member to be secured after retirement age.

Note* If anyone is interested, I have a conceptual framework of this possibility.

Please share with me your time. I will make myself available to discuss these concepts with you. If you have a friend who could help me with the implementation of this ideas, please share them these concepts.

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