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9/30/2018 8
Recommended Solutions
• Countryside development and regional
development
• Moratorium on payment of foreign debts
repudiation on those debts which were not used
for public welfare.
• Intensive and more efficient tax collection
especially among big-time tax evaders and erring
corporations.
• Political will to stop graft and corruption in
government
Recommended Solutions
• Protectionism policy and governmental
regulations on prices of commodities.
• Campaigns on Filipino First Policy, patronizing
local goods and product, and pride in being a
Filipino.
• Strict adherence to the constitutional provision
on the exploitation of our natural resources.
• A realistic appraisal of the costs and benefits of
dealing with MNC’s in a pragmatic context and
where these are advantageous to both.
Recommended Solutions
• For the Philippines to be truly self-reliant the
government should enact foolproof laws against the
abuses of the MNC’s and TNC’s and recognizing only
legitimate and fair foreign trade.
• A planned economy based on a grand strategy as to
which industries should be supported and which to be
abandoned and involving close control over the
standards of living, employment and minimal inflation.
• Genuine land reform
• More trade and commercial relations with Asian
neighboring countries.