LESSON 3 N 4 Handout

URDANETA CITY UNIVERSITY
ECONOMIC DEVELOPMENT AND ENTREPRENEURSHIP

At the end of this topic, you will be able to:
• Describe the Philippine landscape in the present time;
• Explain the different factors in determining
economic growth;
• Examine the contributory determinants in the making of our economy;
• Discuss the role of employment as contributory factor in economic; development;
• Discuss the role of educations in economic development; and
• Discuss the role of Agrarian reform program and how we can develop the same for our
economic growth.
THE PHILIPPINE ECONOMIC LANDSCAPE REMAINS TO BE THE SPRING BOARD OF QUESTION

WHEN ECONOMIC DEVELOPMENTS IS THE FOCUS OF DISCUSSION. LEADERS OF THE NATION
AIM GREATNESS FOR THE FILIPINO PEOPLE ESPECIALLY DURING THE TIME OF ELECTION. THEIR
HONEST INTENTION OF IMPROVING THE ECONOMIC CONDITION IS THEIR BATTLE CRY THE
CATAPULTED THEM INTO POWER, YET IN SPITE OF THE MANY PROMISES, FILIPINOS REMAIN
POOR.
Two important factors that hinder our growth as a nation:

 POVERTY
IS THE MAKING OF ITS PEOPLE AND THE KIND OF LEADERS THAT HOLDS THE
WHEELS OF ECONOMIC FORTUNE.
 UNJUST DISTRIBUTION OF WEALTH

 INCOME
 POWER
 GRAFT AND CORRUPTION

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
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FACTORS THAT ARE CONTRIBUTORY DETERMINANTS TO OUR SLOW
GROWTH IN THE ECONOMIC DEVELOPMENT AS A NATION
A. THE FILIPINO VALUES AND CULTURE

B. EMPLOYMENT OPPORTUNITIES
C. THE FAILURE TO BETTER SYSTEM OF EDUCATION
D. AVAILABILITY OF NEEDED CAPITAL
A. THE FILIPINO VALUES AND CULTURE
 LOVE FOR IMPORTED PRODUCTS

 OUR VALUES OF BAHALA NA
 OUR CRAB MENTALITY
 THE MAÑANA HABIT
 THE VALUE OF TIME
 OUR VALUES OF HIYA
 FIESTA AND SOCIAL OCCASIONS
B. EMPLOYMENT OPPORTUNITIES
 EMPLOYMENT IS ONE GREAT FACTOR IN ECONOMIC DEVELOPMENT.
 INCOME OPPORTUNITY IN THE COUNTRYSIDE IS STILL SUBSISTENCE IN

NATION
C. THE FAILURE TO BETTER SYSTEM OF EDUCATION

 THE QUALITY OF TRAINING AND EDUCATION
 LACK OF NECESSARY CLASSROOMS AND EDUCATIONAL FACILITIES TO
IMPLEMENT THE PROGRAM
 QUALITY TEACHERS
 LACK OF BOOKS AND REFERENCES AND AMONG OTHERS
D. AVAILABILITY OF NEEDED CAPITAL

REPUBLIC AT 6977 KNOWN AS MAGNA CARTA FOR SMALL ENTERPRISES
AN ACT TO PROMOTE, DEVELOP AND ASSIST SMALL AND MEDIUM
SCALE ENTERPRISES THROUGH THE CREATION OF A SMALL AND
MEDIUM ENTERPRISE DEVELOPMENT (SMED) COUNCIL, AND THE
RATIONALIZATION OF GOVERNMENT ASSISTANCE PROGRAMS AND
AGENCIES CONCERNED WITH THE DEVELOPMENT OF SMALL AND
MEDIUM ENTERPRISES, AND FOR OTHER PURPOSES
REPUBLIC ACT NO. 6810 MAGNA CARTA FOR COUNTRY SIDE AND
BARANGAY ENTERPRISES
AN ACT ESTABLISHING THE MAGNA CARTA FOR COUNTRYSIDE AND
BARANGAY BUSINESS ENTERPRISES, GRANTING EXEMPTIONS FROM ANY
AND ALL GOVERNMENT RULES AND REGULATIONS AND OTHER
INCENTIVES AND BENEFITS THEREFOR, AND FOR OTHER PURPOSES
micro: less than P 50,000

cottage: P50,001 – P500,000
small: P500,001 – P5,000,000
medium: P5,000,001 – P20,000,00
LESSON 4
THE GOVERNMENT AND THE DEVELOPMENT OF ENTREPRENEURIAL

ECONOMY
 THE PHILIPPINE ECONOMIC LANDSCAPE
 DEVELOPMENT OF BETTER EMPLOYMENT OF OPPORTUNITIES;
 INVESTMENT IN NEW INDUSTRIES;
 TOURISM AS ECONOMIC DEVELOPMENT;
 IMPROVEMENT IN THE PEACE AND ORDER SITUATION
 DEVELOPMENT OF BETTER INFRASTRUCTURES;
 POLITICAL STREAMLINING
 INVESTMENTS IN PRODUCTION, TECHNOLOGY AND RESEARCH
 GOVERNMENT INCENTIVES TO SMALL AND MEDUIM ENTERPRISES
 STABILITY IN THE PRICE OF GOODS AND SERVICES
 ENTRERENUER AND SOCIO – ECONOMIC DEVELOPMENT
GOVERNMENT INCENTIVES TO SMALL AND MEDUIM ENTERPRISES

Negosyo Centers
As a product of RA 10644, also known as “The Go Negosyo Act,” the
Negosyo Center allows the creation of more jobs by aiding the boost of the
growth of SMEs. With a goal to help you set up your business, the Negosyo Center
has three main services:
Business registration assistance - Applying for the necessary permits can be very
confusing and tedious. Visiting a Negosyo Center will help you ease the
registration process so that you can focus on the bigger picture of your business.
Business advisory services - If you need guidance on how to run your business,
you can always consult with one of their specialists, who can then help you
develop a feasible business plan.
Business information and advocacy - For those who lack any prior knowledge on
running a business, you’ll have the opportunity to learn through seminars
conducted by your local Negosyo Center.
Small and Medium Enterprise Roving Academy

It’s only natural that the number of seminars conducted by Negosyo Center
cannot satisfy the demand for it. To help the discrepancy, it partnered with
established agencies and entrepreneurs to establish the SME Roving Academy.
With a goal to increase the number of local businesses that can compete in
the global market, DTI travels to different communities around the country
to conduct free seminars for aspiring entrepreneurs.
KAPATID MENTOR ME Program
Initiated by the Department of Trade and Industry (DTI), the program aims
to assist SMEs by education entrepreneurs with the necessary skills to run a
business. It is a 12-week program that consists of 10 modules that cover product
development, marketing, operations management, accounting, taxation, finance
and obligations and contracts.
Once the sessions are complete, the requirement for graduation is a
presentation of the mentee’s improved business plans. This program is open to
business owners and managers of micro-enterprises that have been running for at
least one year.
Shared Service Facilities Program (SSF)

Competition is an important factor in the growth of a business. Sadly, the
facilities and equipment that various businesses need to stay ahead of the
competition tend to be costly.
So, in order to give different SMEs a chance to go head-to-head with other
businesses, the Shared Service Facilities program was launched. The SSF program
provides businesses all over the country the opportunity to borrow necessary
equipment, tools and resources in order to help increase their productivity.
However, DTI must first assess the eligibility of your business and therefore
has an application process.
Barangay Micro Business Enterprise
Signed into law in 2003, the Barangay Micro Business Enterprise (BMBE)
Law encourages the formation of such through incentives and benefits. As an
entrepreneur, registering will grant you income tax exemption, exemption of
coverage from the minimum wage law, social security and healthcare benefits,
priority for a special credit window, assistance programs and training and,
through it depends on the LGU, possibility of reduction in the amount of taxes,
fees and charges when setting up.
ENTRERENEUR AND SOCIO – ECONOMIC DEVELOPMENT

 THE ENTREPRENEUR PROVIDES EMPLOYMENT;
 THE ENTREPRENEUR PAY TAXES;
 THE ENTREPRENEUR PROVIDES NEW LIFESTYLE AND PLEASURE;
 THE ENTREPRENEUR IMPROVES THE CAPITAL BASE OF THE ECONOMY;
 THE ENTREPRENEUR CREATES PEOPLE EMPOWERMENT AND SOCIAL
MOBILITY;
 THE ENTREPRENEUR PROVIDES HEALTHY COMPETITION

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URDANETA CITY UNIVERSITY

ECONOMIC DEVELOPMENT AND ENTREPRENEURSHIP

THE PHILIPPINE ECONOMIC LANDSCAPE REMAINS TO BE THE SPRING BOARD OF QUESTION

Two important factors that hinder our growth as a nation:

 UNJUST DISTRIBUTION OF WEALTH

A. THE FILIPINO VALUES AND CULTURE

A. THE FILIPINO VALUES AND CULTURE

 LOVE FOR IMPORTED PRODUCTS

 EMPLOYMENT IS ONE GREAT FACTOR IN ECONOMIC DEVELOPMENT.

 INCOME OPPORTUNITY IN THE COUNTRYSIDE IS STILL SUBSISTENCE IN

C. THE FAILURE TO BETTER SYSTEM OF EDUCATION

D. AVAILABILITY OF NEEDED CAPITAL

micro: less than P 50,000

THE GOVERNMENT AND THE DEVELOPMENT OF ENTREPRENEURIAL

GOVERNMENT INCENTIVES TO SMALL AND MEDUIM ENTERPRISES

Small and Medium Enterprise Roving Academy

Shared Service Facilities Program (SSF)

ENTRERENEUR AND SOCIO – ECONOMIC DEVELOPMENT

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