Skip to main content

FDI Inflows Don't Include Money That Filipino Women Get From Dating (or Even Marrying) Male Foreigners


Today is Valentine's Day and also Ash Wednesday. Ash Wednesday doesn't have a fixed date since the Lenten season depends on the Jewish calendar's cycle. Back on topic, I wrote about Filipinas marrying foreigners to escape the hardships of life. Eventually, I followed it up by writing about how the IBON Foundation possibly views FDI followed up by how Migrante Internation possibly views FDI. With those two organizations in mind, I wonder if their statements state that the late Ferdinand E. Marcos Sr. allegedly opened up the economy to foreign investments all the more (which is a lie) may have also included Filipinas dating foreign males of different kinds. Sure, the correct word for the English is Filipino woman but I prefer to use Filipina because of my status as a Filipino citizen. 

I have nothing against Filipinas dating foreign men if it's done out of love. However, I can't help but notice the crude jokes that are written against FDI. Some economically ignorant people even call it foreign direct insertion. It means Filipinas have sexual relations with foreign men. Since when did foreign investment ever include Filipinas having sexual relationships with foreign men? It's already bad enough that some people think FDI equals foreign loans (read here). If the likes of the IBON Foundation and Migrante International are counting Marcos Sr.'s loans as FDI--they really fail at basic concepts of economics!

As defined, FDI is defined by the Investopedia as:
Foreign investment involves capital flows from one country to another, granting the foreign investors extensive ownership stakes in domestic companies and assets. Foreign investment denotes that foreigners have an active role in management as a part of their investment or an equity stake large enough to enable the foreign investor to influence business strategy. A modern trend leans toward globalization, where multinational firms have investments in a variety of countries.

Since when did Filipinas having sexual relations with foreigners ever become a capital inflow for the Philippines? Not at all! FDI means that foreigners invest in a country that's not theirs. With how it works, I don't see any examples of Filipinas dating foreigners as a means to do FDI:

How Foreign Investment Works

Foreign investment is largely seen as a catalyst for economic growth in the future. Foreign investments can be made by individuals, but are most often endeavors pursued by companies and corporations with substantial assets looking to expand their reach.

As globalization increases, more and more companies have branches in countries around the world. For some multinational corporations, opening new manufacturing and production plants in a different country is attractive because of the opportunities for cheaper production and labor costs.

Additionally, these large corporations frequently look to do business with those countries where they will pay the least amount of taxes. They may do this by relocating their home office or parts of their business to a country that is a tax haven or has favorable tax laws aimed at attracting foreign investors.

Male foreigners having any kind of sexual relations (moral or immoral) doesn't fit into the picture of foreign investment. Investment and insertion (sorry in advance to readers offended by the language here) are two different activities. Even the meanings greatly differ from a basic dictionary to a business dictionary. Foreigners who invest aren't necessarily looking for a Filipina girlfriend or wife. A foreigner dating or marrying a Filipina isn't investing in the Philippines. A Filipina who's into a sexual relationship with a foreigner, moral or immoral, doesn't contribute to the FDI inflow. That's unless if that Filipina was married to one of the people running an MNC, and therefore that counts!

The economic ignorance of those crude jokes is there. Besides, I blame the Filipino First Policy as to why more Filipinas desire foreigners than their own men. The Filipino First Policy caused the Philippines to fail in so many ways. Joblessness happens because of the desire that Filipinos should be the majority of economic participants. Never mind that Marina Bay Sands in Singapore was built mostly on FDI. Filipinas who are decent may be better off marrying foreign partners. Maybe, any decent Mainland Chinese guy is better off marrying a Filipina (of Malay descent) and moving to either Singapore or Malaysia, or even any of the Nordic countries. 

This Valentine's Day, it's more than time to send this message. I'm afraid economic literacy in the Philippines hasn't been built well in schools. Even worse, some Filipino economists still believe in the same nonsense given by the economists of the late Lee Kuan Yew's day. One can always make a claim but not back it up. Results speak louder than words. Singapore's great people not only spoke but showed the results. All the 1987 Constitution framers can do is talk and talk without much evidence to back their words up. 

Labels:

Popular posts from this blog

Venezuela as a Cautionary Tale on #SahodItaasPresyoIbaba, Nationalistic Pride, Welfare State Economics

The Sunday Guardian Years ago, I wrote about Venezuela's pride and protectionism , under a more "formal" style of writing compared to my latest posts. I decided to use an even "less formal" and "less academic" tone since I'm not writing a term paper. Instead, it's like how a professor and a student discuss the thesis using first person over third person, using contractions, etc., while the thesis doesn't use such tones. Back on track, I thought about the arrest of Venezuelan President Maduro can spark debate. Was it a violation of sovereignty? I'm no expert on international law. However, Venezuelans can be seen celebrating Maduro's arrest. Right now, I'm using Gemini AI and Google search to help me find some sources for this blog. It's because I don't want my blog to become another gossip central, but a place to discuss facts with my own personal opinions (making sure they don't  derail the facts).  I used Venezuela ...
Read more

Venezuela's Pride and Protectionism

The Telegraph Venezuela is an oil-rich country yet it's a very poor country. Somebody could go ahead and give every unthinkable reason such as "foreign investments caused it" (a blatant lie) and "It's because America had economic sanctions in Venezuela". Yet, the answer can be found in several causes such as corruption. Yet, China and Vietnam, which can be seen to still have a good amount of corruption, are far more successful. The answer also lies in one policy--economic protectionism . The very idea that a country that first world countries used "protectionism" to succeed is a lie as proven by Venezuela's ongoing crisis. A common-sense examination of one root cause of Venezuela's continuing crisis Forbes magazine mentions this in "What Do Investors Need To Understand About Venezuela's Economic Crisis?" by Nathaniel Parish Flannery on December 21, 2016: Venezuela is far and away the worst-managed economy in the Americas . Ad...
Read more

Davide vs. Mahathir: Which Lolo Should Filipinos Take Economic Advice From?

The real issue isn't that something is old or new. Instead, if something old or new still works, or doesn't work! Many modern laws are built on some ancient principles, while adjusting to the current times!  The Constitution of Japan is actually older than the 1987 Constitution of the Philippines. However, it's more effective for the reasons that (1) their constitution is silent when it comes to regulating economic activities (ex., protectionist measures), and (2) it's a parliamentary system. Honestly, it's a pretty straightforward constitution compared to ours! As Mahatir Mohamad turned 100 today, I would like to raise up Atty. Hilario G. Davide Jr. once again. The problem isn't Davide's age but his unwillingness to embrace change when needed (read here ). This time, it's time to bring up a contrast between wise old people and unwise old people. A young person can be right where the old person is wrong. A young person can be wiser because he or she lea...
Read more

From Lying About the Marcos Years Parliamentary System to Marcos Years Economic Liberalization?

Manuel L. Quezon III"s Twitter Account The first issue I've had is people saying on social media, "No to the parliamentary system because the first Marcos Administration was parliamentary!" It's really something because such people never bothered to do any further research. Please, knowledge isn't that expensive! Benigno Simeon "Ninoy" A. Aquino Jr. even stated, "We had a parliamentary form of government without a parliament." Later on, even Ferdinand E. Marcos Sr.'s own words showed that the Philippines was still presidential . Why would people still insist that it was a parliamentary form of government? Even more, I'm not surprised that some people are saying on Facebook, "Economic charter change is all about term extension." Even worse, it can be from the Philippine mass media. Sadly, the late Lee Kuan Yew was right to fall the Philippine press rambunctious in his book From Third World to First . I can refer the book t...
Read more

Ironically, COMMUNIST Vietnam Continues Improving FDI Conditions, Compared to DEMOCRATIC Philippines

Vietnam National University It's crazy how people don't realize the bigger picture between Communist Vietnam and the democratic Philippines (read here ). It's really crazy how Senator Joseph Victor Gomez Ejercito apparently thinks that delayed proceedings to Vice President Sara Duterte-Carpio's impeachment trial could scare away FDIs. Meanwhile, Atty. Renee Louise Co of Kabataan Partylist could talk about economics, all the while Kabataan Partylist is still against open FDI. It's amazing how Raoul Abellar Manuel, a cumlaude in applied mathematics, still believes in #SahodItaasPresyoIbaba economics! Meanwhile, the biggest picture is that Communist Vietnam , while it's under a One-Party State of the Communist Party of Vietnam, is has the better picture of how to invite FDIs. In fact, the Constitution of Vietnam  is rather silent on economic restrictions . The CPV chooses to impose economic restrictions through legislation rather than enshrining them in its Constit...
Read more