Leano, Naoimi Jose Merl R.

1:30-3:30/TF/SOCSCI 103N (Activity 5) Score: ____ / 30 pts.

I. Fill up the second Column of the table below by recalling the presentation in the
documentary film, The Corporation which you evaluated for Activity 2. Then do the same for
the third column as you assess the conditions in the Philippines. Answers must be in phrases.

NEOLIBERALISM
Elements of Manifestations from the Film (The Corporation) Manifestations in the Philippines
Neoliberalism (one per element) (one per element)
Corporate tax income cut to 25%
Massive tax cuts Executives cut corporate taxes. by July in lieu of COVID 19
recovery program.
Deregulation of
the economy
Removing restrictions on rice and
Making Corporations privately owned by group of
sugar imports.
individuals that are wealthy.

Reorganization of the Government

Downsizing of Corporations providing certain “supposedly”public during the administration of former
government services. President Cory Aquino; early
retirement for senior employees.
Employment of under-aged women as factory workers
Strict control on Banning of direct hiring in terms of
for big corporations that have off-shored in their home
organized the employment of aspiring
country e.g. 13 year-old girls working for Wal-Mart in
labour OFWs.
Honduras being paid 3 cents.
Privatization of
public An Act: For supplying the City of New York with pure and Privatization of PLDT when Ramon
enterprises wholesome water…passed 2nd April 1799 Cojuangco bought its shares.

Liberalization of
Allowing foreign retailer to set up
trade and Export Processing Zone; first step of inviting foreign
shops with lower capital
industry investors to their countries.
requirements.
Expansion of
Expansion of Filipino brands
international
Golden Arches Theory; Mcdonald’s overseas; Jollibee franchises in
markets
America and Canada.
Removal of
controls on “Ultimately capital puts its foot down somewhere. And
global financial anywhere it puts its foot down it can be held
flows accountable.” -Bernard

Reduction of
public
“ In both law and the culture, the corporation was Implementation of BOT- Build-
expenditures,
considered a subordinate entity that was a gift from the Operate-Transfer system for the
particularly
people in order to serve the public good.” - Grossman public infrastructures.
social spending

'Monetarist'
measures to
keep inflation in
check, even at Resorting to technology-powered machines in order to
Implementation of TRAIN Law.
the risk of produce and products and cut worker costs.
increasing
unemployment

II. Answer this in complete statements.

Explain why the Philippines remains to be a developing country despite its adoption of
neoliberal policies.
(Mechanics: organization, spelling, grammar - 2 1 ; Content: manifest understanding of and responsiveness to the question;
factual basis 8 7 6 5 4 3 2 1 (100-word essay)

The sole reason why our country remains to be a developing country despite all the
opportunities and chances that are offered by the evolving world is because of prevalent
corruption along with lack of justice. Despite the fact that we are governed by selfish and
egotistic public officials, these people still have the privilege to walk free and undisturbed while,
we the governed ones, are restlessly working on our feet in order to make it through a day. Due
to our poor justice system, they are acquitted and grossly re-elected. We should not be okay
with this, yet we are.
Leano, Naoimi Jose Merl R.
1:30-3:30/TF/SOCSCI 103N (Activity 5) Score: ____ / 30 pts.