I’m part of the team who wrote the GEM report. I must admit that Dr. Habito did not focus much on the difference between total early-stage (TEA) entrepreneurial activity (and business owners) and established business owners as CVJ cited.

I’ll be happy to answer any questions that you may still have about the report.

Thanks.

While I have reservations regarding some of your comments, I do acknowledge that they have a great grain of truth in them nonetheless. I also agree about tourism — and that is why my wife and I are in the travel business. I believe in its great potential, and its very, very direct effect on the economies of rural areas… perhaps I can expound more in a later article.

Executive Departments implementing multiple failures.
1. Road Kills

2. Department of Agrarian Reform

3. The Blame Game-An Irresponsible Executor

All of our failures are manageable. It is the skills of our President together with Congress to work in tandem with a clear set of Goals. Follow ups are lacking. They are good in making laws but poor in “check and balance”. Why is that?

The answer to your question is economics. The wealth of the people is directly dependent to the growth of his/her own environment- our country. One can only grow when resources are available. Investing relies on basic knowledge of financing, interest rates and population. Pinoy don’t need to go to school for that to be self employed or a small business owner. To move thru the ladder of income earners, a pinoy requires a higher level of education and there is where our government can supplement, by providing on going seminars or provide an attractive educational system for those who are willing to get their formal education.

Robert Kiyosaki “Rich Dad, Poor Dad” on his accomplishments, appear to be an exaggerations, fabrications or misdirection. It focuses only on 4 income types but he barely mentioned that he has to get out of Hawaii and invest somewhere else, where growth is consistent. Hawaii is a tourism industry. Real estate is too risky there. Rooms for growth is limited.

I have no doubt that many pinoys have the ability to become independent only when our Executives will open our door to the global clients.

If I have to look on the map and where Philippines is strategically located, I would say, we can be the capital tourism of Asia. Many rich businessmen in Asia will flock and relax in our country. I don’t understand why Phuket Thailand, Bali Indonesia, China are marketing and advertising on CNN, Fox News, and all the magazines of any airlines.

Why is our Tourism Department cannot move our ladder to be world class in tourism. ( Capital diving of Asia, Surfing Capital of Asia- but not advertise globally)
Only then, when people in the Philippines experience high employment that the lower income types can move up the ladder.

Location, Location, Location. The rest will follow.