Professional Documents
Culture Documents
The Philippine post war economic policy is said to have taken the trajectory of Import
Substitution Industrialization (ISI) which puts premium in strengthening the locally owned
industries catering to a huge domestic market to contain dollar outflow and encourage
domestic entrepreneurship (Kuruvilla, 1996). This strategy saw the rise of a new domesticindustrial capital elite; and expanded manufacturing sector which registered growth rates of
between 11% to 14% from the late 1940s to early 1960s (Toussaint, 2006). On the
downside, the dependence from imported capital and technology to sustain this strategy had
a negative impact on the balance of payments (BOP) in the 1960s and onwards (Ofreneo as
cited by Kuruvilla, 1996). The IMF-WB provided a short-lived solution (and imposition) to this
dilemma by extending stabilization loan on condition that the Philippine government adopts
an export- oriented industrialization (EOI) by deregulating and opening its economy to
unrestricted foreign investments (Bello, et. al. as cited by Kuruvalla, 1996).
The export oriented industrialization (EOI) is an imposition of the IMF-World Bank to the
Philippines. It is wedded in the antiquated Ricardian notion of industrialization based from the
comparative advantage of cheap labor. Under this scheme, the country became the agro
export base of Western democracies while suppressing the creation of industries of steel and
machine toolswhich are necessary for self-sustaining economy (Bello, 1981). This strategy
further pushed back the Philippine financial status under the Marcos dictatorship. Foreign
borrowings ballooned to unimaginable proportion just to keep the economy afloat, without
really contributing substantially to the vision of industrialization.
The Agriculture Sector has remained in the feudal age. It is necessary that meaningful
agrarian reform should take place. In addition, resources should be mobilized to pump in
technologies in terms of irrigation system, post-harvest facilities, and support infrastructure.
The peasants should have access to credit and financing institutions to increase productivity
and to encourage small to medium capital formation. As for the industries, direct investments
both local and foreign are still needed to spur industrial activity.
In terms of labor and employment creation, the economy must have the capacity to create
high quality sustainable jobs in all sectors. In addition, the government should promote
industrial harmony for two reasons 1. regular dialogues between labor and management to
encourage long term investment and increased productivity; and 2. it promotes settlement of
disputes thru arbitration and conciliation
On top of all of these is the key role of Government and its institutions in ensuring better
governance. Better governance where people has the capacity to enjoy life and government
output of Public Goods which include economic sustainability, law and order, public
infrastructure, and basic services.
3. Explain the essential components of a project report.
It is impossible to efficiently finalize a project without having developed a comprehensive and
informative report. Using project report templates helps project managers to communicate
necessary information on project development, implementation and completion to the key
stakeholders that have an interest or concern in the project. The following Project Report
Template is designed to help managers with developing a complete structure for their
reports.
Report Structure: The Key Sections
Abstract. The Abstract section of a typical project report template usually contains around
500-600 words covering the chosen project implementation methodology and providing
insight into various components of the project implementation process.
1.
2.
3.
4.
5.
Background.
Methodology and Design.
Findings.
Evaluation and Analysis.
Results.
Conclusion. The Conclusion section of the reporting template gives the main cause(s) of the
problem or opportunity highlighted by the project. It provides a summary of the discussions
made in the Key Chapters, outlines the main findings, and gives a reference to the
Recommendations report section.
Recommendations. The Recommendations section of a sample projector report is designed
to call people to action based on the findings, analyses and results that have achieved upon
project completion. It should be written with actionable and specific sentences and give a
solution for the problem investigated by the project. Often itemized and bulleted lists are
used to specify recommendations in the more convenient and readable manner.
Appendices. The Appendices section of a typical project reporting document includes feedback forms, maps, photographs, mathematical procedures, statistical calculations, diagrams
and raw data, any other material in support of project findings. For instance, in your formal
report template you can add such information as Sample Survey Form, Results of Statistical
Analysis, Gantt Charts, Resource Usage Diagrams, Project Schedule Template, and Issue Log.
References. The final section of your template for project reporting covers all the sources of
information used to make the research and develop the document. The References section is
usually designed as a list of books, journals, articles, research papers, formal documents and
reports, websites and online resources, and any other material used for preparation of the
project report template.
4. Examine the role of industrial estates in the economic development of a country
Industrial Estates are widely accepted as effective instruments for promoting development of
manufacturing industries especially in the medium and small scale sector. Industrial Estates
programmes are also being increasingly relied upon for promoting economic development of
Rural and backward areas.
Industrial Estate is defined as a tract of land development and sub-divided into plots
according to a comprehensive plan with provision for roads, transports and public utilities
with or without built up factories, sometimes with common facilities and sometimes without
them for the use of a community of industrialists
The primary objective of an industrial estate is to provide basic integral infrastructure to
medium and small scale industries, which have high value, but not enough resources to set
up facilities. Industrial estates help promote socio-economic development by pulling
investment resources, creating employment opportunities and amplifying raw material and
manpower resources. Moreover, it improves health care facilities, educational facilities and
social infrastructure too.
They have lead to the growth of urban areas by promoting all types of industries and
Industrial Township in the place. They provide all the necessary amenities to high-precision
industries like pharmaceuticals, software, etc. Furthermore, they also help in the
development of Special Industrial Parks that involve private industrial participation.
The private participation helps have a better location and design of industries that generate
high revenues. A perfect location has a great role towards success. The major factors to be
considered for the location is the advantage of the location with regard to the successful
running of small and medium scale industries, economic viabilities, transportation facilities,
presence of technological establishments, research and training facilities, proximities to
airports and railway terminal, etc.
The economic infrastructure facilities of industrial estates help promote industrialization and
no doubt, they act as a catalyst for the economic development of a country. The industrial
estates act as a pillar of strength paving way to the economic development of the country.
They accommodate workshops, factories and even slaughter houses with sufficient amenities
far from residential areas and urban areas. They help get rid of health hazards and accidents
caused by the industries. No wonder, they also help keep the cities clean and tidy by reducing
wastes and pollution.
An Industrial estate can bring in plenty of benefits like preventing groundwater pollution,
improved sewage treatment plants, employment, private business sector development, and
many more. No wonder, these industrial estates that are properly maintained, safe and within
a clear legal framework bring growth and development to the country.