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Industrialization In The Philippines

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"The Entrepreneurial Endeavor of Conglomerate Entities of the Top 5 Richest Filipinos" By: Anne Margareth T. de Guzman BBM –MBA 1-1 Winston Churchill (2011) said that “Destiny is not a matter of chance, it is a matter of choice; it is not a thing to be waited for, it is a thing to be achieved” (p.107). We admire entrepreneurs not so much due to their wealth but for me, it is more on how they build and manage enterprises, innovate, take huge risks and in the process create more jobs and add to national wealth. It is not an easy thing to risk but due to knowledge and determination, entrepreneurs push their luck to the limit. No wonder why entrepreneurs succeeded and they become those top richest people I the Philippines. They exerted a lot of …show more content…

However, there are no differences in factor endowments across Luzon, Visayas, and Mindanao. This suggests, in aggregate, an absence of highly capital-intensive enclave manufacturing. A distinct industrialization pattern emerges, where the greater Manila region, including Central Luzon and Southern Tagalog is dominant with a 78.5% of value added and 77.4% of employment. Value added and employment seems to increase over time. The government’s successful export zone strategy has reinforced the concentration of industrial activity in Luzon. Partial reforms of this type are desirable, over time the zones may reach other parts of the country. However, the zones have unintended spatial implications, and they have operated contrary to goal of spatial deconcentration. Hill, Hal, “Industry.” The Philippine Economy: Development, Policies, and Challenges, (Ateneo Press, …show more content…

They help thousands of Filipinos to get a job with the help of the industries they are currently managing in the Philippines. It is a way of saving people from hunger because they know have salary to sustain the basic needs in everyday life. There are many advantages of the industrialization like factories, SMs, casinos provided job opportunities to many people in the Philippines. It aids to stop poverty in our country the above entrepreneurs are a big help to our economy and to the people in the society. Instead of working outside the country, they can apply and get a job to any companies owned by the above entrepreneurs mentioned on this article. They are really great for sharing their wealth to other people. Without the infrastructures, buildings and companies they owned, a lot of people will be jobless and will suffer from

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