It is not so much of the war. Its our deep attachment to USD as currency for trade Maybe the corruption iissue, fundamentals of economics (huge trade deficits) increasing ratio of debt to US (now Php 19 trillion), decline in OFW remittance.
It also reflects defects n reporting system Despite reported advances in use of non fossil fuels renewable in in our energy sector, the sudden spikes and in fuel prices and talks about oil deregulation belies the claim. The country is still highly dependent on oil an coal.
Things to be done:
1. Fiscal discipline, Stop being a social state;
2 Push harder the non renewable energy drive; domestic coal and oil production and exploration.
(including moringa seeds for fuel)
3. Encourage more agricultural and industrial productivity
4. De couple from USD. (like a BRIC country)
5. More credible, honest to goodness leaders
