Filipinos in South Korea

Huffington Post: Benigno Aquino; Transformational or Transitional Leadership?

How could you describe the leadership of the world famous Philippine leader President Benigno Simeon Cojuangco Aquino III?

  • (A) Transformational Leadership?
  • (B) Transitional Leadership?
  • (C) None of the above?
  • (D) No Comment

This Article is written by Richard Javad Heydarian, and published in Huffington Post. The author described Mr. Aquino as more of a transitional rather than a transformational leader. The world want to know your point of view to Mr. Aquino. 

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Without a doubt, the Philippines is finally on the move -- and well on its way to regain its long-sought place of pride among Asian nations. After decades of stagnation, political uncertainties, and anemic economic performance, the country has emerged from the ashes of despair, confidently riding on a wave of cautious optimism.

Today, the country has one of the world's fastest growing economies, one of Asia's most bullish stock markets, a constantly improving credit rating, a booming real estate, and a strong currency that is helping an increasingly mobile and confident consumer class.

Despite its reputation as Asia's 'sickman,' or even a regional basket case as others have suggested, the Philippines hasn't been a stranger to success -- definitely far from being a lifetime laggard. Back in the '50s, the country was one of the world's fastest growing economies, relishing Asia's second highest per capita income after Japan. Manila's soft power lied in its status as a regional hub of fashion, commerce, travel, and culture. It was a beacon of democratic capitalism in the whole Asia -- reflecting the relatively benign colonial legacy of America.

However, over succeeding decades, the Philippines found itself steadily falling behind its regional peers. First came the Newly Industrialized Countries (NICs) of South Korea, Taiwan, and Singapore. Then, the Philippines watched with much envy the likes of Malaysia and Thailand overtaking it. By the early 21st century, Vietnam and Indonesia -- to Manila's horror -- began outdoing their Filipino counterpart. With Myanmar opening up its economy, some commentators have sardonically suggested a new competition for the Philippines.

There is nothing romantic about a former high school jockey watching all his classmates cruising past him.

So, why has the Philippines -- a former regional leader -- fallen behind its Asian peers? Why does it suffer from one of the highest rates of underemployment, malnutrition, inequality, and poverty in Asia? Well, basically because of a lethal cocktail of bad policies, cultural complacency, and weak (if not bad) leadership.

The issue of culture is a tricky one. In his award-winning essay, 'A Damaged Culture,' veteran journalist James Fallows suggested that a culture of dependence, complacency, corruption and ineptitude lies behind Philippines' dramatic decline in the latter half of the 21st century. Yet, the problem with 'culture arguments' is that they have a static analytic approach, failing to understand the dynamic and mutually constitutive interaction between culture, on one hand, and the broader political economy, on the other.

Modern history is replete with examples of how so-called 'backward societies' -- described as lazy and savage by status quo powers -- have been transformed into one of the world's most innovative and progressive nations. After all, at the beginning of the 19th century, who would have thought that the feudal-agricultural Japan would rise -- thanks to the 'Meiji Restoration' -- as a global industrial power? Or, at the beginning of the 20th century, who would have imagined that relatively isolated Scandinavian states such as Sweden and Finland or resource-poor Northeast Asian countries such as Singapore, South Korea, and Taiwan would leapfrog to the top of global indices, in terms of infrastructure, innovation, science, and technology? This is where policy and leadership come into the picture.

In Southeast Asia alone, if there is one thing that the likes of Malaysia's Mahathir or Singapore's Lee Kwan Yu could teach the Philippines, it is the fact that culture is malleable; it can change and be shaped along a particular vision -- thanks to information technology, universal education, and varying forms of state indoctrination and/or mainstreaming.

The very concept of 'nation-state' is in itself a construct, so when we say 'national culture,' we are also describing a specific construct. Thus, I find it a bit 'orientalist' to ascribe an essential cultural trait to a particular country, especially one as globalized and cosmopolitan as the Philippines.

In short, the maladies of Philippine society could be traced back to decades of bad leadership and wrong polices, which have failed to create the conditions for sustainable economic growth and political stability along democratic lines. For decades, a combination of corrupt leadership and technocratic incompetence has given birth to crony capitalism, oligarchic politics, and concentrated economic growth.

This is where the second question comes in: So, why is the Philippines re-emerging? Well, largely because of the new leadership of President Benigno Aquino III. When one starts from a relatively low base -- high rates of poverty, corruption, cronyism and political indifference -- it simply takes a clean, credible, and sincere leader such as Aquino himself to a) restore a measure of trust in state institutions and b) calm nervous markets.

Banking on his larger-than-life pedigree, Aquino's main focus has been to rid his country of corruption, especially in the upper echelons of the state. Staying true to his campaign promises, he has successfully pushed for the impeachment of leading magistrates (tied to the previous administration), who have been accused of public misconduct and corruption -- paving the way for the execution of Aquino's ultimate plan: to put former President Gloria Arroyo in jail for good.

Since President's Aquino's economic policies are not significantly different from his predecessors, the current economic resurgence is largely a reflection of growing market confidence in the leadership's ability to maintain political stability, shun draconian regulatory reforms, and provide a measure of macroeconomic predictability, especially in terms of interest rates and inflation.

Even rebel groups such as the Moro Islamic Liberation Front (MILF) have been encouraged by Aquino's sincere leadership, precipitating a historic 'framework peace agreement' that was signed between the rebels and the Philippine government -- potentially ending decades of conflict in southern Philippines. Overall, the Philippines' resurgence is not so much about Aquino's technical expertise as it is the good will expressed in his actions.

However, Aquino is yet to propose an economic agenda that will reverse Philippines' highly unequal, unsustainable, and concentrated patterns of growth. He has also been criticized for his lack of support for important transparency-boosting measures such as the Freedom of Information (FOI) bill.

This is why Aquino is perhaps more of a transitional rather than a transformational leader.

Written by Richard Javad Heydarian, Published in Huffington Post

Huffington post 

Philippines’ Investments in economic zones rise 10% to ₱138 Billion — PEZA

Commercial hub of Embarcadero, the ₱1.8-billion IT Park Promenade which will be the very first IT ecozone in the Bicol region

The Philippine Economic Zone Authority reports a 10.30-percent jump in investment commitments in the country's economic zones for the first 10 months of 2012 to 137.992 billion.

The total comes from 480 projects, 6 percent fewer than last year's 510, but the amount is 12.988 billion more than last year's 125.104 billion.

As of September, actual exports went down 6 percent year-on-year to $29.785 billion from $31.624 billion, as the country continues to experience the slowdown in global demand for electronics products in particular.

However, the data showed that actual direct employment increased 8 percent to 884,510 from 822,147 a year ago.

The agency said earlier that despite the decline in electronic shipments, investment commitments still grew, with other sectors remaining bullish about better export numbers in the coming months.

However, the data showed that actual direct employment increased 8 percent to 884,510 from 822,147 a year ago.

The agency said earlier that despite the decline in electronic shipments, investment commitments still grew, with other sectors remaining bullish about better export numbers in the coming months.

An official said PEZA remains optimistic of meeting its target this year of a 12-percent growth for all investments, exports and employments amounting to 323 billion.

PEZA has been aggressively conducting marketing and investment missions overseas, just like what its counterpart Board of Investments has been doing for the past months.

GMA News

President Obama wins 2nd term: 'The best is yet to come' – US-Philippines as usual

U.S. President Barack Obama delivered a blistering victory speech to a cheering crowd of supporters in Chicago early Wednesday morning after winning another four years in the White House.

After walking on stage with his family to Stevie Wonder's "Signed, Sealed, Delivered," Obama waited for the crowd to finish chanting "four more years," before promising them that "the best is yet to come."

After trailing in both Electoral College votes and the popular vote to Republican challenger Mitt Romney, Obama surged ahead with victories in key battleground states of Ohio and Virginia to win the election.

He told supporters that, "Tonight, more than 200 years after a former colony won the right to determine its own destiny, the task of perfecting our union moves forward, it moves forward because of you."

Obama said the election result reflects "the belief that while each of us will pursue our own individual dreams, we are an American family and we rise and fall together as one nation and as one people."

Obama thanked campaign workers and voters, and praised the nation's teachers, soldiers, workers, and vowed not to squander the opportunity given to him to continue his work for a second term.

"I believe we can build on the progress we've made and continue to fight for new jobs and new opportunities and new security for the middle class," Obama said.

"I believe we can keep the promise of our founding, the idea that if you're willing to work hard, it doesn't matter who you are or where you come from or what you look like or where you love. It doesn't matter whether you're black or white or Hispanic or Asian or Native American or young or old or rich or poor, abled, disabled, gay or straight. You can make it here in America if you're willing to try."

Obama also touched on the divisiveness of the campaign, saying Americans "are not as divided as our politics suggests.

"We are not as cynical as the pundits believe. We are greater than the sum of our individual ambitions and we remain more than a collection of red states and blue states. We are, and forever will be, the United States of America."

The president thanked his wife, Michelle, his running mate, Vice President Joe Biden, and also congratulated his opponent on "a hard-fought campaign."

Obama pulled ahead late after Romney was ahead in Electoral College votes for much of the night. Romney also had a slight edge in the popular vote, but even that lead eventually slipped away and Obama led by nearly a million votes.

Hours after polls closed, Virginia was finally declared for Obama early Wednesday, which gave Obama 303 electoral votes to Romney's 206.

In the U.S., the popular vote does not decide who wins the election. Rather, the winner of each state gets that state's Electoral College votes, and 270 are needed to win.

Romney emerged shortly before 1 a.m. Wednesday to address his supporters at his campaign's headquarters in Boston.

"I have just called President Obama to congratulate him on his victory," Romney said.

"His supporters and his campaign also deserve congratulations. I wish all of them well."

Romney also thanked his wife, Ann, and his running mate, Paul Ryan.

"I believe in America. I believe in the people of America," Romney said to cheers and applause from the crowd.

"Paul and I have left everything on the field...I so wish that I had been able to fulfill your hopes and lead the country in a different direction, but the nation chose another leader." 

Obama's headquarters in Chicago erupted in wild cheers after he was declared the winner shortly before 11:30 p.m. ET Tuesday.

"This happened because of you," Obama tweeted. "Thank you."

Prime Minister Stephen Harper issued a statement early Wednesday to "congratulate President Barack Obama's re-election as President of the United States of America."

U.S. President Barack Obama, first lady Michelle Obama, Vice President Joe Biden and Jill Biden wave at his election night party in Chicago, Wednesday, Nov. 7, 2012. (AP / Chris Carlson)

Harper said he is looking forward to working with Obama over the next four years on the economy, jobs and border security issues.

Obama will once again face the challenge of leading the country with a divided Congress, as Democrats retained control of the Senate and Republicans maintained their hold over the House of Representatives.

Indeed, Obama will be tasked with turning around a sluggish economy and reining in a national debt that tops $16 trillion and a budget deficit that has reached $1 trillion.

When it comes to the issue of most concern to voters, a national exit poll found that 59 per cent of voters believe the economy is the top issue facing the nation.

Tuesday's exit poll of more than 19,000 voters conducted by Edison Research for The Associated Press and the major U.S. networks also found that:

Just under four in 10 voters said unemployment was the biggest economic problem they are facing.

Four in 10 voters said the economy is improving, while 3 in 10 said it is getting worse.

As voters headed to the polls earlier Tuesday, long lines at polling stations and concerns that some residents affected by Hurricane Sandy would be left disenfranchised raised the spectre of a protracted court battle like the one that marred the 2000 vote.

More than 45 million voters had cast ballots before Election Day in early voting. However, voters in several states complained of long lineups, while others encountered technical glitches, including one voting machine in Pennsylvania that indicated a vote had been cast for Romney when the Obama button was pressed.

In other precincts, voters complained of robocalls giving them false voting information.

Romney Took Early Lead

As polls began closing at the dinner hour on the East Coast, Romney took a handful of states, including Kentucky and its eight electoral votes, followed by West Virginia, Indiana and South Carolina.

Obama was quickly declared the winner in Vermont, taking its three electoral votes, and sat there until nine states came through for him, including his home state of Illinois and its 20 electoral votes.

Unlike Obama, Romney lost his home state, with Massachusetts' 11 electoral votes going to the president.

Romney had been ahead for much of the evening, bolstered by wins in Texas, Arizona and North Carolina, the latter being the only battleground state the GOP candidate ended up winning.

However, results posted shortly before 10 p.m. ET gave Obama Pennsylvania and its 20 electoral votes, shortly after he won Michigan and its 16 electoral votes, as well as New York and its 29 votes and New Jersey's 14 votes. Romney took Texas as expected and its 38 electoral votes.

Romney attended a last-minute rally in Pennsylvania Tuesday afternoon in what turned out to be a fruitless bid to appeal to undecided voters in the state.

But hours after polls closed, a victor had yet to be declared in major battleground states such as Ohio, Virginia and Florida, which left the outcome unclear for some time. Of the big three battleground states, Florida had yet to be called early Wednesday.

Obama surged ahead with a victory in Colorado and Wisconsin, as well as California, Washington and Minnesota.

US and the Philippines as usual

America's pivot to Asia will continue as earlier planned by Obama Administration which means Americas' Arc protection to the Philippines with West Philippine (South China) Sea disputes as usual or going more and more better.

Several reasons why the selection of the American president should matter internationally, particularly in the Philippines:

Direction of foreign policy. Obama wins the election; the US will continue to view the Philippines as a "strategic ally" in the Pacific. The US ambassador to the country said. What may change though is how bellicose the US becomes. And that should matter to people around the world.

Obama has tried to dial back America's costly wars. He ended the Iraq war, one of the country's longest wars to date, and has been firm about the 2014 deadline for withdrawing troops from Afghanistan.

Outsourcing. The Fate for Outsourcing is in good hand? With America desperate to create more jobs at home, both men have tried to sound tough on outsourcing, the process of sending jobs abroad to countries with lower wages.

From the Philippine perspective, a shift in the policy of a country that supplies the majority of local outsourcing work would be worrisome. Outsourcing makes up about 5% of current economic growth and in 5 years' time the industry is projected to bring in more money for the country than the current economic lifeline of remittances.

Economy

Economic policy could be as ease. For one thing over the past year the Philippine economy has proven that it can power ahead largely sheltered from the economic slowdowns in Europe and the US. For another, economic experts are predicting that the American economy is due to expand regardless of who is elected.

A Bloomberg Businessweek article by Rich Miller and Steve Matthews pointed out that no matter who wins, the economy is "set for better times" since consumers are spending more, home prices are rising and banks are lending more.

Meanwhile, the Economist's "admittedly unscientific poll" of 312 researchers from the National Bureau of Economic Research and 51 forecasters at the National Association for Business Economics favored Obama's overall economic plan

In the end, everything is relative. And that's exactly the point. Since everything is a matter of where you stand, it is important to take your stand and vote. -

CTV News, AFP, Rappler 

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