The best way to determine the answer is to look at how much foreign direct investments flowed into the Philippines compared to the rest of ASEAN.
After all, it’s one thing to “pledge” investments – that’s just a piece of paper which can be shredded anytime.
It’s another thing to actually put money to lease/build buildings, hire people, ramp up inventory – aka investments on the ground.
Using the UNCTAD World Investments Report 2015, let’s see what foreign investors have to think of Benigno Aquino III’s administration.
The Historical Data
A review of FDI inflows (in million US$) from 1990-2014 will show you that the Philippines (in yellow) isn’t a priority of foreign investors.
Note that even if the Philippines claims FDI inflows grew – but so did the rest of ASEAN.
FDI Inflows, 2014 Performance
As to what investors thought about the Philippines, last year – it was SIXTH in all of ASEAN.
And last, among the ASEAN-6.
In 2014, foreign direct investments to the Philippines was $6.2B out of the $132,684 that went to ASEAN.
What does the $6.2B represent? That figure is equal to:
- 4.7% of total ASEAN FDI
- 9% of the Singapore’s FDI
- 27% of Indonesia’s FDI
- 49% of Thailand’s FDI
- 67% of Vietnam’s FDI
When a socialist country like Vietnam has more FDI than the Philippines, it is time to ask the following:
- Has the Philippines turned socialist?
- Or, has the Philippines always been a nationalist socialist state (note how that rhymes with the National Socialist Party of Adolf Hitler).
No comments:
Post a Comment