Is GDP the best metric of economy, or you need to go further than that?

LEARN THE DIFFERENCE BETWEEN LINEAR GROWTH AND EXPONENTIAL GROWTH.
LEARN THE DIFFERENCE BETWEEN SIMPLE INTEREST AND COMPOUND INTEREST.
AND WHILE WE’RE AT IT, LET’S LEARN ABOUT:

______ SELF-INTEREST ______

Ne Jing jing, dai ka masyadong maghadit dahil niyaon ka sa Green Archipelago. Hilinga mo ini tabi:
“If we don’t address the issue, international confidence in Japan could be lost,” he said. “Not leaving the burden to the future generations is my most important task as a politician.”
That statement is a trademark and an earmark and a bencmark of good leadership. He is addressing conditions in the future and good leadership sees the beginning of the future as NOW. Kung may anunsiyong may maabot na bagyo, magkaag na qui sulay buda tukod sa payagpayag, su parasira dai na maglawod, habang harayo pa su bagyo, bakong pag-abot kan bagyo saka makaramkaram.
Like the Japanese of centuries ago, they took care of their denuded forests for the benefit of future Japanese generations. Like the post-World War II Japanese, they made sure thatthe Japanese economy rise up from the ashes of war. Those generations made a lot of sacrifices, not only for themselves but for posterity.
Fifty years and four days ago, on January 20, 1961 (I was in THS), a newly inaugurated US President, uttered these now famous words _____ “ASK NOT WHAT YOUR COUNTRY CAN DO FOR YOU, ASK WHAT YOU CAN DO FOR YOUR COUNTRY”.
There are times when each generation is asked to sacrifice a little of themselves for the good of the country, present but mostly future, including sacrificing some beliefs, religious, political, economic, social, etc….
The Japanese have proven that to be true, throughout their history. There is no doubt that they can take care of the aging population problem like they took care of their deforestation problem centuries ago. The Japanese know how to take care of the future, their posterity. Like an American economist said, “The best wayto predict the future is to create it”.
By the way, another quotation from that now famous inaugural address, “CIVILITY IS NOT A SIGN OF WEAKNESS”.
MABALOS.

Manoy Bio, ang nasasaad ba sa article na itohttp://politics.inquirer.net/politics/view/20110124-316315/Japan-PM-pushes-for-reform-as-society-agesay hindi dapat ikabahala?

Thanks to GB!!!

@:
Magpaturo ka nguna ki Manoy Bio manungod sa history kan producto kan Japan kaitokumpara sa producto kan China ngunian, bago ka magpara ngala-ngalab.

The point is, China has forced to cut it’s labor cost to maintain high employment rate for their large population. But they had to cut corners somewhere to meet the demands of mass production, in this case they cut corners on quality in exchange to lower salaries. That’s why there’s a notion that products made in China are merely “Chinese Junks” and unreliable. While Japan on the other hand has successfully maintained it’s reputation as the key players in the industry, making use of it’s full labor force while maintaining quality on most of their products without cutting the cost on both materials and manpower.By contrast, Japan has a fewer population but highly skilled and educated workers. There is a report of Japanese kid genius entering College at the age of 12. If China didn’t sacrifice their labor cost with such a number of large population rate, there would be a high probability that they would suffer much like the other 3rd World Countries like the Philippines. But now, China could enter the space age competition with much confidence because they made a good solution (or compromise) to provide more employment for their people. Didn’t they had their successful launch, orbit and landing of its new winged spacecraft “Zhoubeijwongfat” in March last year via Jiuquan Satellite Launch Center?). Do the Philippines have that other than “paglipad ni Agila” satellite which I think is not “Philippine made”?

Nowadays, you could rarely find a genuine “U.S. or Made in Japan” products. Most products including Sony Japan and Fox Worth Texas’ “Radio Shack” have their assembly plants in China. Chances are most consumer electronics are now manufactured in China, including those reputable branded ones. I couldn’t think of consumer electronics brands that were made in the Philippines other than “Midland” and “Uniden”. Repair centers here are scarce too. Damaged equipment has to be sent to Singapore for instance to be repaired, or consider the services of our own local technicians (warranty void).In early 2000, the Philippines has it’s major loss to China when PGMA decided to enter the game of Globalization. Our country has just been recovering now that we entered the “call center” fad, making use of our work force and speech and marketing fluency. But for how long we could sustain such job opportunities? Now consider again this question posted in the past threads: “which is better, having a large number of population with fewer skilled and productive workers or limit the number of people but all skilled and productive? Key competitive players like ABS CBN and GMA 7 are doing wise decisions – they screen thousand of applicants only to employ the best of seven qualified employees. If they can’t extract the best from the first batch, then they’ll screen again another thousand. On the worldwide scene, can we cope up with that kind of competition given the population of an estimated 92 Billion People (The Philippines has been listed as the 12th Populous Country – http://en.wikipedia.org/wiki/Philippines)