Corruption in the government.

The people are charged with taxes but we end up

having inefficient implementation of road and traffic rules, lack of a flood control
system, and "road constructions" (They destroy some roads then immediately "fix"
it, as a tactic for kickback). Even if, let's say, we have a good president, it would still
be difficult for him to implement good governance practices nationwide because the
rest of the politicians would not support something that has nothing in it for them.
This problem is passed from generation to generation, more so considering the fact
that the strongest politicians form dynasties. The problems in the government,
collectively, is the primary reason for the rest of the problems.

Poverty. Poverty has always remained a critical social problem that calls to be
addressed in the Philippines. The increase in poverty has been rapid and uneven,
unevenness of the decline has been attributed to a large range of income brackets
across regions and sectors, and unmanaged population growth. Hight
unemployment rate of the country is mainly the cause of this, the innablity of the
government to secure jobs to the unemployed persons, this caused the Philippines
to collapse from being the second most progressive country in Southeast Asia to a
third-world country havinging billions of debt in the course of a couple of decades.

Unemployment. The number of graduates have been increasing over the years.
Getting a degree is all too common nowadays. However, the labour force does not
require so many graduates. Another is the shift in demand for jobs, supply for the
jobs that were previously high in demand outstrips the demand for these jobs. As a
result, many people become unemployed until market equilibrium is reached, where
supply equals demand. Moreover, the jobs that are now high in demand may require
skills that the unemployed do not possess. Unless they invest in re-training, which is
time consuming, they will find it difficult to find a place for themselves in these jobs
because firms prefer employees with the necessary skills and experience.

Colonial Mentality. Colonial mentality is a mental processes largely attributed to

colonized people or people with colonial history. While the Philippines is an
independent country, it has a rich history of colonialism, from the Spanish to the
Americans. While the effects of Spanish colonialism are etched in the Filipino
language, religion and cultural values, the American culture influence on the
Filipinos should also be considered. Having been said, the Filipinos rely much on
imported products and forget the local brands that is the main source of income of
our economy.

Heavy dependence on remittances. Simply put the countrys economy is saved from
eventual collapse by the remittances of Filipinos working and residing overseas. This
is a stark reality that all Presidents and their different sets of economic managers
know for a fact, and take pains to hide from the general public. These remittances

are the dollar reserves that the Philippine government uses as part of its collateral
in getting new loans. The government cannot do without the remittances that go
through banking channels. It would mean the loss of investor confidence and
worsen the government long-term incapacity of possibly fully paying its
international debts.