Tuesday, March 8, 2011

Variety

As civilization rapidly developed, human needs had increased and came with variety. There's no exception whether it is religion, politics, education, lifestyle, and even in economic markets. Yet with human needs came systems of provision. There are rights and duties to consider and it's never a choice, but it's a must. 

In business, there are 3 types of ownership. In accounting, this variety has its special treatments, every type of ownership is treated differently in accounting. First, proprietorship is what we usually encounter everyday. This is what I call "sure solo business". I'm a proprietor myself, i do business alone and i'm the owner, the manager,the sales officer, and cashier -- all in one. Yet proprietorship also has variety which will depend on the organizational structure. Next, partnership is defined by the word itself. There can be 2 or more owners with one or more general partners. There can be variety in partnership which will be dependent with the agreement between partners. Lastly,  the corporation, which is usually big time businesses. The ownership is broad and comes with variety.

In the market, there are 4 types of competition. It can be perfect, monopolistic, oligopoly, or a monopoly. The perfect competition which was discussed in class has a number of characteristics. It has many buyers and sellers, same product or services, and participants in this competition are price takers. A situation where perfect competition can be seen is among "kwek-kwek" vendors. We can see them anywhere, almost everywhere. Second is the monopolistic competition which is a form of imperfect competition where many competing producers sell products that are differentiated from one another (that is, the products are substitutes, but, with differences such as branding, are not exactly alike). As mentioned, a perfect example of this competition are the different boutiques in the mall. They are all sellers of clothes, bags, and shoes, but the designs are in variety. The buyers will be the ones to choose their preferred designs. Third, Oligopoly is a market form in which a market or industry is dominated by a small number of sellers (oligopolists). Because there are few sellers, each oligopolist is likely to be aware of the actions of the others. The decisions of one firm influence, and are influenced by, the decisions of other firms. This is a close competition among few oligopolists. Example is among airline companies. There are only a number of them and every time one offers promos to buyers, the other competitors make sure that they too will have promotional strategies. Lastly, monopoly exists when a specific individual or an enterprise has sufficient control over a particular product or service to determine significantly the terms on which other individuals shall have access to it. The example given was Xerox which reigned before as the only company that offers the photocopying machines. They have the right to set there prices and they don't have direct competitors compared to the other 3 types of competition.

Whatever it is, even if you disagree, everything in this human world comes in variety. Whether it is good or not, variety makes the world go round. Just like the different variety in colors, whatever your favorite is, the world has it -- it is in variety. 

Tuesday, March 1, 2011

Coconut levy fund

Coconut levy fund is an issue about CONTROL of Asia's biggest food and beverage company, San Miguel Corporation. For the government, these funds are likened to 750 million Damocles' swords hanging above the head of SMC Chairman Danding Cojuangco. Political Accomodation prevents government from dispensing justice.

Government has been under very tight leash because of the perceived political strength of Danding Cojuangco. He heads a big political party with a very extensive network of local politicians called NPC. It has previously aligned itself with Partido ng Masang Pilipino (PMP) of former president Joseph Estrada and is now poised to field its own presidential bet come May 2010.

There is no public participation in the decision-making process. It is not surprising that environmental laws are not enforced, and local chief executives are not held accountable by the President. The politics of accommodation rears its ugly head, at the expense of the people’s welfare, ecological integrity and our fledging democracy.

The  power and influence held by a political clan is buttressed by sweet dealings with some members of the business sector, and the support of the enforcement agencies. Political survival is primordial in the decisions made.

Governor Dominguez said, “The solution to the issues in peace and security, economy, environment, and social and human development always depends on the kind of governance a region has.One way of developing economy is that the government must initiate moves so that the business sector can come in.
It must provide incentives to the private sector and must encourage entrepreneurs to invest.” Mafin Tan, who represented the business sector, said, “ The peace and order in Mindanao is very critical. The problem is more of the image perception that Mindanao is not a safe place to do business. Once a businessman will develop a certain business, the government should cooperate because investments is one of the keys to solve poverty. Businessmen should get protection and infrastructure support from the government.”

The reality of politics always sets during elections.Candidates are forced to enter into horsetrading with big businesses and big politicos, national or local in stature, for campaign funds and to muster enough votes. So much has been changed by our politics.  It started during Erap’s time when big businesses and influential individual had their say on how government is run as Erap’s payback during his campaign.  This was emulated and further improvised by Gloria Arroyo when the rich and influential clearly have their say in government.  One can clearly see the hand of these businessmen and powerful cliques in every government decision and appointents to governmental positions.  This is the kind of politics that has dominated the country for the past 12 years.  While this kind of politics is effective in catapulting one to the Philippine presidency, this always result in political accomodation and the sacrifice of good governance and public service as shown both by the Estrada and Arroyo presidencies.

Saturday, February 19, 2011

BALITANG SEKSEK


THE MAKING

Janine Rose Lumanag Photography
February 09, 2011 (Wednesday) , we were still trying to figure out on how to make a role play out of the topics we've chosen. That day, since some of us wanted a prostitution-based-role-play and some wanted to make it a little serious and realistic, we decided to make different scenarios out of the different topics we've chosen and made Balitang Siksik of Banana Split  the main concept (with a twist of Economics "Espesyal"). *wink*



These pictures were taken during the final rehearsal. Props were made during our break. :)

THE SCRIPT:

It was a draft made by Rose Anne Esteban and Delfa Alvar which turned out to be our final script. For the program flow:
1. introduction
2. scene 1
3. scene 2
4. advertisement
5. scene 3
6. finale

THE PROPS:

There were more props used during our presentation ( we have the video to prove it) yet we weren't able to take pictures of them. 
1. The Jimstea mugs and poster during the advertisement, 
2. the graph used during the prostitute scene, 
3. the table used during the workers' strike, and 
4. the hearts used for the Banana Mobile promotion. :)

THE CONCEPT

Balitang Seksek is a TV program for Economic Issues. Aside from live updates from field reporters, during the program, videos concerning economic issues are reposted. Since the concept came from Banana split, a comedy gag show, we made an extra effort to make it funny and realistic.

We had 7 news anchors ( (1) Delfa Alvar, (2) Natara Jean Mozo, (3) Vincent Obedo, (4) Lora Canastra, (5) Janel Baino, (6) Rose Esteban, and (7) Yollaine Galias) on stage who also played the different characters in the three scenes presented and the advertisement.


THE ROLE PLAY

introduction


(pictures only, for the video: 
http://www.youtube.com/watch?v=lpcLy-a-wbA)


Our introduction was not exactly the same with Balitang Siksik of Banana Split. We made our own script and Choreography. Names of the famous artists of Banana Split were not used/mentioned during our presentation. 

scene 1



(pictures only, for the video: 


Scene 1 was all about competition and forces of supply and demand. The competition was between NokiYaki and B-Mobile. They were two mobile companies who were up to promotions. Since nowadays the demand in telecommunication is very high, they were trying to attract the consumers to avail their services and this created competition. The demand was high and competition between suppliers increased. Yet the promotional advertisements of the two companies were different. NokiYaki aimed to attract consumers with loved ones working abroad. While B-mobile aimed to attract young consumers who are looking for partners.

scene 2



(pictures only, for the video: 


Scene 2 was all about dead weight loss/tax. Since the demand for prostitutes was high, the government decided to legalize prostitution and taxed it. The tax imposed by the government had a great effect in the demand for prostitutes. Dead weight loss was high. The quantity demanded and supplied decreased. The price paid by consumers increased and the price received by the prostitutes decreased. Before the tax was imposed, the consumer (Vincent Obedo) can afford to pay for 3 prostitutes, but after prostitution was legalized the price of the prostitute increased and he couldn't afford 3prostitutes at the same time. There was a decrease in the demand for prostitutes and a decrease in supply because prostitutes would now receive less because of the tax imposed.

advertisement



(pictures only, for the video: 



LOVE THE GOODNESS OF JIMSTEA 7 in 1 coffee mix..masarap na.mas healthy pa..

for more details:
www.jimstea.blogspot.com





scene 3



(pictures only, for the video: 


Scene 3 was all about Cost of Production. There was a strike in the company because of layoffs. The reason was the diminishing marginal return. The company was hiring new laborers yet they were not buying new equipments for production. For every additional laborer, there is a diminishing marginal return. So they produce less than what was expected so it's a risk for the production. If there were more workers but few equipments it would surely produce negative marginal returns. This would hinder the primary objective of a business entity which was to minimize cost and maximize profit. Yet like what we usually see on television news, laborers failed to understand this and they continue to organize strikes against there respective companies.


finale



(pictures only, for the video: 



Our finale was not exactly the same with Balitang Siksik of Banana Split. We made our own script and Choreography. Names of the famous artists of Banana Split were not used/mentioned during our presentation. 


For the real, uncut video of our presentation: 
http://www.youtube.com/watch?v=lpcLy-a-wbA


BALITANG SEKSEK 
"ECONOMICS ESPESYAL"
PRODUCTION STAFF






Sunday, January 30, 2011

REACTION PAPER for January

Think tank probes issues on OFW migration to UAE
By Jun Burgos
INQUIRER.netFirst Posted 10:30:00 06/13/2010
MANILA, Philippines—A probing study on Philippine labor migration to the United Arab Emirates (UAE) was recently released by the Migration Policy Institute (MPI), an independent, non-partisan, non-profit think tank based in Washington DC, analyzing the movement of people worldwide.

Entitled “Migration’s Middlemen: Regulating Recruitment Agencies in the Philippines-United Arab Emirates Corridor,” it is authored by Ms. Dovelyn Rannveig Agunias, MPI Policy Analyst focusing on temporary and circular migration and diaspora policy.

The study was informed by 44 in-depth interviews with officials from the UAE and Philippine governments, recruitment agencies, and non-government organizations as well as with employers, and including focus group discussions with 86 Filipino migrant workers themselves.

It examined private recruitment agencies’ practices as well as their regulation by the Philippine and UAE governments, and notes room for significant improvement in this aspect.

The study utilized Philippine government data, which showed, among others, that there were some 600,000 Filipino workers in the UAE as of 2008 consisting of domestic workers, receptionists, and engineers, among others, making up nearly 12 percent of the population there, and with an annual OFW inflow of 200,000.

The author acknowledged that private recruitment agencies manage much of the flow of Filipino workers to the UAE, which is the third largest destination for Filipino migrants after the United States and Saudi Arabia, but noted that the costs of the services of these agencies for migrant labor deployment sometimes outweigh benefits for the workers due to the exorbitant fees they collect and even their violation of the rights of the workers they deploy.

According to the MPI report, “While the recruitment agencies, which are located in the Philippines and the United Arab Emirates, provide critical services such as logistical support and information about visa policies and living and working conditions, some abuse their clients by charging exorbitant fees or violating basic human rights.”

It added, “While the two governments have regulated recruitment agencies’ operations for nearly three decades, there is a policy mismatch between the two regulatory systems that, coupled with difficulties in enforcing regulations, has led to inadequate protections for migrant workers as well as a continuing flow of unauthorized workers.”

The MPI said this resulted in a three-tier labor migration system such as:
* A documented and organized labor migration based on written contracts following strict regulatory guidelines of both countries;
* A labor flow based on shifting arrangements that typically result in a lower wage, a different job, and reduced benefits compared to those originally promised to migrant workers by recruiters; and,

* An unregulated, unauthorized flow of workers who bypass the recruitment system altogether and migrate to the United Arab Emirates with a visitor visa.

The report further said, “While both countries are considering more stringent regulations for recruitment agencies, both governments must first commit to fully funding and creating capable and effective institutions to jointly harmonize, enforce, and closely monitor the impact of current and new regulations. Otherwise, regulatory changes could open the door to unintended effects, including increasing abuse and corruption and making illegal channels more attractive for prospective migrants.”

“The findings of this study are relevant beyond the Philippines-UAE corridor. They serve as a vital point of reference for other countries in the Middle East and elsewhere as they attempt to balance the need to create a flexible and dynamic labor migration system with the obligation to protect workers’ welfare in an increasingly transnational and interconnected global economy,” the report concluded.

Indeed, the recruitment industry is generally credited for its major contribution in matching millions of Filipinos to jobs in the UAE and many other countries. The industry’s feat, undeniably, likewise contributes to the economic stability of our country as well as to that of the OFW destination countries including providing for the latter’s labor demand.

But this recruitment industry, understandably the one principally benefiting from OFW migration, should likewise attend to and ensure, alongside its economic interests, the welfare and development of the workers they deploy. After all, a just and equitable sharing of the economic benefits of the migration industry it services would promote more gains for all stakeholders.

Surely, our government, for its part, would find very relevant insights from this MPI study to enable it to undertake necessary measures to improve the procedures, regulations and the overall policy on OFW migration.

Reaction:
Yesterday, I had a conversation with my Uncle Ranil and Aunt Lita at the Brokenshire Hospital Cafeteria. They had their afternoon snack. Yet I chose to have dinner since it was already 4:45pm and it was for free, so I thought I’ll be able to save money if I’m going to have dinner early. I was saved from a 50php meal. So how’s this related to my reaction paper? Nothing. I just want to share my thoughts from yesterday.
   
Seriously, I got the idea from our conversation.  My Uncle Ranil is an Overseas Filipino Worker in UAE. He went home on a vacation leave last December and had his wedding set last January 08. His wife Aunt Charm is also an OFW in Hongkong. Yes, they’re miles and miles away from the Philippines and from each other. The newlyweds should have their honeymoon right now yet financial lapses because of the dying economy made it impossible for them.

I remember Uncle said this, “60% of OFWs in UAE failed, and I’m just one of the 40% lucky ones.”  He said most of the female OFWs in UAE were molested or if not, they’re selling their bodies to some Filipinos or Arabs for money. That every time he heard friends in the Philippines bragging about their mothers, aunts, sisters, and female relatives working in UAE, he can’t help but feel sorry for those female OFWs. Well, I guess my Uncle didn’t mean to generalize the idea, but I think he’s talking from experience. He lived and worked and was successful in UAE, yet he called it “luck”. He added, it was not easy to be a Filipino when you are in UAE, “lisod kaayo” as he described it in vernacular, because there’s no guarantee or any protection for us. We’re not safe there.

Somehow, I feel the pain of having a loved one working overseas. My fiancĂ© is working in Singapore right now. But I’m confident that he’s safe there because the government of Singapore takes good care of foreign workers in their country. There is equal right and less discrimination. How about those in UAE? These overseas Filipino workers are victims of a dying economy here in the Philippines. They are willing to risk their lives for a little difference in salary, just to make both ends meet for their families. That’s why a lot of cold-hearted individuals took advantage of this and made these poor, responsible bread winners as victims of their selfish schemes.

If the government is starting to get pissed off with these problems on OFWs, then they should do something about our economy. We badly need more jobs here in the Philippines, adequate salaries, and “real” employee benefits. If not, the least they can do, they “must” do something to help OFWs and give them assurance that they’re safe by coordinating with UAE. For every OFW, there are about 2 or more Filipinos here in the country that is dependent on them. If they failed or worst, die, their families here will suffer.

Poverty had caused too many problems in the country. It ruined families and wasted lives. Yet OFWs give hope to our country. Politicians will save us? I won’t even consider that. I think these modern Filipino heroes will help us and they deserve support from the government. Instead of wasting billions for overpriced government projects, the government should give these heroes benefits. What we need now is a working, not a talking government. We’re far, far, and far left behind from our neighbouring Asian countries. We don’t need big, unreachable, unattainable, overpriced projects. FILIPINOS NEED REAL HELP.