Case: The Philippines Astounds the Skeptics

1. Identify what “local unemployment” influences and what influences it. Quantify the
variables identified.

Influences of Local Unemployment:

● Filipinos tend to work overseas instead of finding a job here in the Philippines
● There are few foreign investors that want to have a partnership with the Philippines
● Grand corruption scandals in the Philippines
● The economic growth of the Philippines is continuously decreasing

Variables:

Because of the unemployment rate, the government receives a lot of negative feedback and
because of that, the government invests to get more opportunities for the local unemployed
citizens. Below are the more detailed variables identified because of the local unemployment:

● Low GDP percentage

● There’s a decrease on economic growth due to corruption
● People tend to work overseas
● Budget Deficit
● Government/Governance
● Infrastructure
● Jobs
● Investment
● Aggregate Demand
Reinforcement Loop