Tuesday, July 03, 2012

On sound foreign investment

  • Dr. Leonardo Estacio (Anthropology professor) = "Investing on green technologies with non-governmental organizations (NGO) and people's organizations (PO) to protect the environment and alleviate poverty."
  • Prof. Fatima Castillo (Political Science professor) = "That which brings real resources, honest in dealings, fair labor practice, transfers environmentally sound technology and pays correct taxes."
  • Prof. Roland Simbulan (Development Studies and Public Policy professor) = "A sound foreign investment policy allows only foreign investment in industries where we can really capture their technologies and use it for our own industries.  This is the strategic value of a sovereign foreign investment policy."
  • Prof. Erle Frayne Argonza (Sociology professor) = "Foreign direct investment or FDI should take primacy over portfolio investments.  FDI should be in manufacturing, infrastructure, agriculture and transportation and communications that truly create values more than rentier enterprises like realty and leisure for instance."
  • John Forbes (American Chamber of Commerce) = "One that creates jobs, transfers technology, and partners with the Filipino people in their search for a developed and inclusive economy."
  • Mike Wooton (Manila Times columnist) = "There are few areas which are open to FDI which would be a sound foreign investment.  BPO looks fairly sound but many other opportunities are risk-based which when added to the difficulties of doing business here make them unattractive."
  • Dr. Judy Taguiwalo (Community Development and Women Studies professor) = "Foreign investment in non-strategic areas of the economy, with clear technology transfer, regulated by government and only as supplement to economic self-reliance."
  • Prof. Jeremy De Jesus (Poverty researcher and Social Research professor) = "Investments on industries that are open to genuine technology transfer, manufacture products with higher value-added, and implement pro-employee labor policies."
  • Prof. Danilo Aragon (History professor) = "Investment in any industry of real mutual benefit."
  • Dr. Edberto Villegas (Development Studies and Political Economy professor) = "Ang tamang pagnenegosyo ng mga dayuhan sa bansa ay yaong regulado sa usapin ng porsyento ng negosyo, pag-uwi ng tubo sa kanilang bansa (profit repatriation), paggamit ng hilaw na materyales at makataong pagturing sa kanilang manggagawa. Kailangan hanggang 40% ang pamumuhunan nila sa mga 'di vital and strategic industries kagaya ng langis, pagkain at gamot.  Kailangan bawal din sila sa public utilities kagaya ng kuryente, tubig at transport.  Ang mga public utilities ay kailangan sa kontrol ng gobyerno.  Bawal din sila sa sektor ng edukasyon, media, retail trade.  Bawal din sila sa pagbubungkal ng kayamanan ng bayan kagaya ng minahan at langis sa Palawan at Sulu Sea.  Maari sila sa mga non-vital and non-strategic industries kagaya ng paggawa ng sapatos o laruan.  Bawal ang kontraktwalisasyon at diskriminasyon sa mga manggagawa nila.  Ang pagtaas ng presyo ng kanilang produkto ay dapat kontrolado kagaya ng sinumang negosyante.  Sa banking system na ang 70% ay kailangan kontrolado ng gobyerno.  At bawal din silang magmay-ari ng lupa."