Sunday, June 8, 2008

Expect nationalistic sentiment

Foreigners are expected to bring money into the Philippines, but they should not give advice, else they will be shown the door.
http://newsinfo.inquirer.net/inquirerheadlines/nation/view/20080607-141253/Foreign-chambers-bullied

This is not the first episode of such actions, and one should learn from it. For example, if someone is criticized by a business partner, what do you think a business person would do? a business person will first consider whether the criticism is valid or not. If it is not, he/she will ignore it, and do whatever is in his/her best interest. He/she would however not want to antagonize a business partner, since he/she can also profit from the business partner. Politicians in the Philippines do not think like a businessmen running a country. They may be very good businessmen running their own companies, or as politicians in keeping themselves popular and in power, but they certainly do not run the country like a business. Since economic growth of a country is analogous to profitability of a company, countries that do not act like a business cannot expect to be profitable. But some countries are content to be proud rather than smart.

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