Why The Philippines become the poorest country in Asia

MANILA, PHILIPPINES — In 1960s we are the most richest in Asia we are richest than Japan & Singapore, but today we are the poorest why? it’s because the 1987 Constitution our current constitution do not allow foreign investments because of 60/40 provisions in our constitution.

Becoming poorer is not easy many people live in poverty in the Philippines eats garbage Pagpag in Filipino the people of this country needs reforms to make the Philippines better.

I’m a member of CORRECT Movement a movement that advocates constitutional reform in the Philippines the advocacy of the movement is to adopt a Federal Parliamentary System and a Open Economy to make the Philippines a first world country like Singapore.

The Philippines don’t need to adopt Socialism that makes people lazy, in Venezuela there’s a economic crisis because Maduro nationalized the industry they also adopt a protectionist economy banning foreign investors to invest in Venezuela.

If you want to make the Philippines a first world country adopt capitalism not socialism only free market can save the Philippines.

No to Protectionism, No to Socialism, Yes to Capitalism, Yes to Constitutional Reform.