Aquino promises at stake as Philippines slips in economic freedom index
By Lala Rimando, abs-cbnNEWS.com
Corruption, weak judiciary
In terms of “business freedom,” the Philippines’ score was lower by 4.7 points due to “severe challenges” that potential entrepreneurs face.
“The overall regulatory framework is burdensome, and the legal framework is ineffective, holding back more dynamic and broad-based expansion of the private sector,” it noted.
It said “deeper institutional reforms” are needed in four interrelated areas: business freedom, investment freedom, property rights, and freedom from corruption.
While the Philippines had modest gains in “freedom from corruption,” it noted that “corruption is perceived as pervasive” and that “a culture of corruption is long-standing.”
“The government has worked to reinvigorate its anti-corruption drive, but these efforts have been inconsistent. Reforms have not improved public perception and are overshadowed by high-profile cases frequently reported in the Philippine media.”
The Aquino government has vowed to go after wrongdoings by its predecessor through a Truth Commission, but the Supreme Court questioned the commission’s constitutionality.
However, even the judiciary is in question. “The judicial system remains weak and vulnerable to political influence and corruption,” the index noted.
A week judiciary impacts other “freedoms,” Heritage explained.
“Although the Philippines has procedures and systems for registering claims on property, including intellectual property and chattel/mortgages, delays and uncertainty associated with a cumbersome court system continue to concern investors,” it said when explaining the Philippines’ score for “property rights.”
REACTION
In this article it showed how our government now make ways for our country to development our economy. although it was hard to deal with it but our President are trying to post a rules that can helped us to minimize all the corruption that we experienced. Corruption in our country is one of the major reasons that make us poor and poor. The money that must give or use to help the poor people is not use for them but instead the person that has a higher position in the government are the one can used to it.
I noticed in some of the institution of our government like BIR. They are the one that collecting money from the people and the money that collect is use for improving in our country but their are no money that give to the poor people. The people responsible for helping us are the one who putting us to much in to a poor.
Corruption weak judiciary, that is true. In every person that had a position in our government, if their is a issue that personality corrupt in our country their is no justice for us.
But i am happy that our government make ways to prevent the corruption of our country.. If their is no corruption our country were growth.
