0% found this document useful (0 votes)
2K views2 pages

Unemployment Crisis in the Philippines

The document discusses the impact of the COVID-19 pandemic on unemployment in the Philippines. It states that 4.5 million Filipinos lost their jobs in 2020, with unemployment reaching 10.4% - the highest in 15 years. In February 2021, unemployment worsened with 4.2 million Filipinos reported as jobless. The pandemic caused widespread job losses and economic hardship as many businesses closed. It also disrupted education and transportation. While globalization can drive economic growth, the document argues that the Philippines must first focus on sustaining its own economy through developing domestic industries, agriculture, and imports to create more jobs before engaging in globalization projects.
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
0% found this document useful (0 votes)
2K views2 pages

Unemployment Crisis in the Philippines

The document discusses the impact of the COVID-19 pandemic on unemployment in the Philippines. It states that 4.5 million Filipinos lost their jobs in 2020, with unemployment reaching 10.4% - the highest in 15 years. In February 2021, unemployment worsened with 4.2 million Filipinos reported as jobless. The pandemic caused widespread job losses and economic hardship as many businesses closed. It also disrupted education and transportation. While globalization can drive economic growth, the document argues that the Philippines must first focus on sustaining its own economy through developing domestic industries, agriculture, and imports to create more jobs before engaging in globalization projects.
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

The COVID-19 pandemic prompted uncommon number of employment misfortunes and joblessness.

It
incurred significant damage to Filipinos who depend their everyday costs on their positions. What is
COVID-19? Coronavirus represents Covid illness and surprisingly alluded to as the 2019 novel Covid or
'2019-nCoV' (Bender, 2020). In the Philippines, because of the 4,195 affirmed cases as of April 10, 2020
dependent on the Department of Health (DOH, 2020) online tracker report, the COVID-19 pandemic
truly causes a huge effect in higher instructive associations. Adding to that, numerous specialists were
cut off in light of the fact that there should be a set number of individuals in an organization to forestall
the wide spread of infectious disease. Some decide to telecommute while others don't have a decision
yet to stop because of absence of assets like PC and web association. Method for transportation were
likewise diminish because of the conventions that the public authority executed. It came about to
fundamental laborers tracking down their own particular manner just to go to their positions. Some
were accounted for to walk extremely significant distance on the beginning phase of the pandemic. The
closing of school institutions and the unemployment convey high economic costs around society and
their effect is especially serious for the most helpless and vulnerability among the people inside the
societies.

As stated in Philippine Daily Inquirer & Asia News Network, about 4.5 million Filipinos have lost their
jobs last 2020, with the unemployment rate at 10.4 percent - the most elevated in 15 years, the public
authority detailed, because of the Covid-19 pandemic and the lockdown covering a large number of
organizations. Thus, According to CNN Philippines (March 2021) Unemployment has worsened with 4.2
million Filipinos reported jobless in February this year due to the impact of the COVID-19 pandemic, the
Philippine Statistics Authority reported on Tuesday. This disregards McMichael's theory on
development. As per McMichael, to execute public development a nation should include in globalization
projects. A broadly coordinated financial development can prompt around the world coordinated
monetary development.

How the Philippines at any point will experience improvement if the unemployment rate is still
uncontrolled? And it worsened as years go by. How can we be economically competent in order to face
other nations if we still have no solutions in providing employment? How can we retrieve economical
effort? The tragic reality in Philippine Economy is that the most successful businesses and enormous
enterprises are not initially owned by Filipinos, hence it is owned by another business man in other
country such as, Chinese and Americans. And we, the Filipinos are the work force of their empire.

We are in a pandemic and it is still on-going, we cannot avoid how it will affect the people of the society
and the country itself. I genuinely agree that there should be a shift from the globalization project to
sustainability project. We must first, above all, consider our own made products for the reason that
many of the Philippine brands are unrated because we are all focusing on foreign goods instead of ours.
We should focus more on our imports and how we can improve nature products especially in the field of
agriculture wherein the equipment and funds should increase to enhance their products and help them
do some more exports and in that way, it might increase number of employment. Before we can pull off
a globalization project, we must focus on how to sustain the economy of our nation first, for that reason
we can create easier maintenance and cope with changing surroundings or environment.
References:

Bender, L. (2020). Key Messages and Actions for COVID-19 Prevention and Control in Schools. Retrieved
from https://www.unicef.org/romania/documents/key-messages-and-actions-covid-19-prevention-and-
control-schools

Toquero, C. M. (2020). Challenges and Opportunities for Higher Education amid the COVID-19 Pandemic:
The Philippine Context. Pedagogical Research, 5(4), em0063. https://doi.org/10.29333/pr/7947

https://www.straitstimes.com/asia/se-asia/philippines-suffers-worst-job-losses-in-15-years-due-to-
covid-19-and-lockdown

https://www.cnnphilippines.com/news/2021/3/30/PSA-unemployment-worsens-4.2-million-
Filipinos-February.html

You might also like