Global Economic Crisis: Implications and Challenges to the Philippines Essay

This is a forum where we can wonder, what is actu anyy incident in our agricultural? Mr. W.D. Hilton our keynote speaker discussed the viable effects of the globose frugal Crisis in the Philippines. In this paper, I go forth write some of the highlights when we talked about globular Economic Crisis. The primary target of the express crisis is the people. There argon so numerous people suffering in crisis and cover by clouds of hopelessness. Is at that place any hope, hold for us to a b estimableer prospect of liveliness?There atomic number 18 so more problems that we ar experiencing remediate now. For our country Philippines, the global Economic Crisis genuinely instal our country at stake. There is a macroscopical probability that there atomic number 18 umteen fellow Filipinos leave be put to the test on how high be their faith and how strong they are in facing the Economic crisis as of now. As a citizen concern, there are so many questions that are b opp ositeing to me at this meter much(prenominal) as, what is international crisis exactly instrument? When will economic crisis end? How to debate with the global financial crisis? And, what would be the possible effects of Economic crisis in the Philippines?What is re on the wholey a orbiculate Economic Crisis fashion? Based on my own understanding, Global Economic Crisis is the situation where more than one country is affected by scarcity of resources to be needed enable to tolerate for all citizens globally. When you say crisis, as what the mental lexicon defined it as, a condition of mental unsoundness or danger in social, economic, political or international affairs trail to decisive change. This definition implies that our country is obviously affected by the so called Global Economic Crisis. As what the symposium explained and emphasized during the discussion, it is distinct to the eye that we are one of the most affected bythe crisis beca rehearse as a third world country, this is not unrealizable to happen.The expectantest question that crossed my mind was, when will economic crisis end? This would be a thorny question that the answer is simmer down unclear for us, Filipinos. Another question is, is the Philippine Economy ready to battle the Global Financial Hardship? In our office right now, we are serene attempt for some very broad reasons such as, corruptions, poor leaderships and rich in thievery wealth from others. If we still continue this event of system in our country, theres no hope for any survival in crisis. Our superior in the administration doesnt cast any rawness for the poor and the rich people are getting richer. As a classless country, how can we fight for what is right when all that we have is the left over of the government?Global economic Crisis touches the peoples lives negatively in some other ways. Here is some example of situations that is occurring right now. We cant stop the clip from approaching to us and will move us that one day there would be a downsizing in the organization. One of the main reasons of downsizing of employees is, the confederacy cannot establish to pay their salaries anymore delinquent to financial crisis. It is hard for the organization to strike their employees well because of lack benefits and expenses for their compensations would be budgeted that.For those who graduate recently, it would be difficult for them to get engage because there are no open jobs for them or the organizations are not until now ready for hiring new employees. It implies that there is no assurance even if you are retention a degree. Unfortunately, for the undergraduates are more difficult for them to find a job because of no vacancies for them available. For the prices of products or goods in the store, the consumer will taint it by bundles or dozens because they are aware or expecting that there is a price hiking because of high demand of goods. This is likewise the ti me that only few consumers because only few people can afford for the expensive price. Thats why they are taking the opportunity to buy the goods as many as possible. For our fellow Filipinos in other countries such as the OFW (Overseas Filipino Workers) they are in like manner affected by Economic Crisis in such way. lead you heard the news that there was a time that the OFWs were forced to bear down back to their respective countries due to poverty.Of course, the unusual country will prioritize frontmost their fellow countrymen before the other citizens plot of ground experiencing the crisis in their country. Lastly, for those who are my fellow students also got affected. Example of this, they are millions of students taking up Nursing because it is in demand this time. Without noticing it, that there so much rivals or competitors with that job, to the effect that they are only few of them got a vacant seat due to affluent of graduates with that course. Because of the cris is, they are hoping to go abroad, but unfortunately, they are only selected and rare people has the susceptibility or could meet the requirements in sack abroad. So, where are they going? It takes time to clasp for other demand from other countries.With these situations, it would really pull us down. We are most poor in everything even though we are rich in native resources. We just didnt know how to use our natural resources wisely. Even in make wise decisions are very hard for us. Poor in leadership, has a walloping impact in our country thats why we are suffering and experiencing these discarded state in life. We owe the States with a commodious amount. We are still hoping to pay for it but, if the occurring of corruptions in our country it would be difficult for us to get out up because if greediness ruling inside of us, with no hesitations, our country is slowly dying.To sum up everything, Global Economic Crisis is a big threat because we allow vulnerabilities and the threats to come. What would be the mitigating touchstone that we are going to use to cope up with the big crisis? I regain truth shall always prevail. Our politics has a big part in our crisis right now. We should stress what should be stress out. We have to overcome the crisis this time because we are all accountable for whatever may happen.