Restoring the Dignity of the Filipino (Part Two) |
![]() |
![]() |
![]() |
Columns - Reinventing the Philippines | |||
Tuesday, 15 May 2007 01:51 | |||
Restoring the Dignity in the Filipino Mind (Part Two of "Reinventing the Filipino Psyche" Series)
Many citizens and former citizens of the Philippines think that it may be impossible to undertake socioeconomic reforms in the country, which indeed seems to be mired in perpetual poverty, endemic corruption in government circles and even in religious organizations, rebellions from Muslim separatists and communist insurgents and what not. And the national policy since the 1960s was to finance government spending with foreign borrowings and depend on the remittances of its foreign workers and expatriates to pay for the foreign debts. Alas, the various Philippine administrations simply mortgaged the future of the coming generations by getting foreign loans that now estimate to exceed $70 billion. Right now the first six to seven billion dollars of Philippine exports simply go to servicing the foreign debts (payment of interest alone). In short, had the Philippines been a household in America, it would have filed for bankruptcy protection a long time ago. Nevertheless, countries cannot resort to the protection of bankruptcy courts.
Moreover, the Filipino Americans have proven that they can do better if given the opportunity to perform. In the fields of health care, nursing homes and the hospital industry, more than 700,000 Filipino-American professionals work as top-rated nurses, physicians, dentists, radiologists, medical technicians, dietitians, accountants and highly-skilled workers. The medical workers are some of the highest-paid and well-admired employees in the United States. In fact some of them become the deans and doyens of their respective offices, wards, emergency rooms and/or surgical or intensive-care units. To read the next article of this series, please click on this hyperlink:
Newer news items:
Older news items:
|
|||
Last Updated on Friday, 30 May 2014 13:40 |
Please consider supporting the "ReVOTElution of Hope" for Sorsogon as the Pilot Province. Please see "ReVOTElution" Banner on this page for details.