Question

provide a set of recommendations you believe would enhance the Philippine ability to participate in the global economy. State the recommendation followed by your explanation of WHY this recommendation is of critical importance and the potential ramifications if the recommendation is not acted upon.

Answer 1

Following are the set of Recommendation could help and enhance the Philippine ability to participate in the global economy, those are as stated below:

• Improving the health conditions/ Health status and educational level, as these two factors can contribute maximum way to help Philippine to participate in the global economy, people become more conscious, aware on their health and improved their knowledge, skills, expertise, so they can achieve various level of success in their business, Job, and daily work, if such recommendation not improved, people will have more fear to change, and people will face many health related issues, thus, their daily work will get disrupted, all such could be barrier to economic growth,
• Increasing the quantity of natural resources has long impact on participating in the global economy, here, Philippine should do land management and take care for land, natural resources, which will help for economic growth of the country, the potential ramifications could include like significant financial loss, people engagement to their daily work and earning will get impacted in negative way,
• Treating human capital and labor staff resources in effective way is essential, here, as they can participate in the global economy, further, human capital always asset for organization, nation and others work, thus, they should be trained, hold sufficient skills and expertise to fulfill the job or project requirements and they can participate in global economy in effective way, the potential ramifications if such recommendation is not acted upon, then, there would be huge unemployment issues, people may be diverted, feel poorly motivated and lost their interest in doing good for the nation,
• Others recommendation like get more connected to technology, adaptive environment, could help them to participate in global economy, further they should be much aware on protecting environment and focus on patriotism, thus, with all such efforts economic growth can be brought and this recommendation help them to become more digitally updated and advanced, so they can feel part of first world movement, again, potential ramification could come if such recommendation not acted upon, then, they may face growth related issues and will also face much resistance to change, and people will not be updated with the changing and adaptive environment,