ECONOMIC

DEVELOPMENT
G R O U P 7

BAL, GERALD
CANCINO, ANGELO
RAFALLO, ABMYR ROSE
SANTONIA, KYLA CLAIRE
INTRODUCTION

ETHICS IN ECONOMIC
DEVELOPMENT
WHAT IS ETHICS?

Ethics is a system of moral principles. They affect how

people make decisions and lead their lives. Ethics is
concerned with what is good for individuals and society
and is also described as moral philosophy.
INTRODUCTION

ETHICS IN ECONOMIC
DEVELOPMENT
According to Potter Stewart "Ethics is knowing the difference
between what you have a right to do and what is right to do".

Many of us may view ethical behavior as simply as "common sense"

approach to situations. Sometimes it isn't that black and white because
in economic development profession deal with confidential information,
complete with peers for projects and serve many stakeholders, it is
important that we consciously do business in a professional manner by
upholding the highest standards of ethical conduct.
INTRODUCTION

ETHICS IN ECONOMIC
DEVELOPMENT
Some examples of code of ethics that stand out that professional
economic developers shall:

1. Practice with integrity, honesty, and adherence to the trust placed

in them both in fact in appearance.

2. Be mindful that they are representatives of the community and

shall represent the overall community interest.

3. Maintain in confidence the affairs of any clients, colleague, or

organization and not disclose confidential information obtained in
the course of professional.
INTRODUCTION

INCENTIVES THAT
CONTRIBUTE TOWARD
ECONOMIC DEVELOPMENT
GERALD BAL

BRIEF DESCRIPTION
a. Savings and investment
b. Long term security
SAVINGS AND INVESTMENT
DEFINITION

Savings refers to the money that a person has left over

after they subtract out their consumer spending from
their disposable income over a given time period.
Savings, therefore, represents a net surplus of funds for
an individual or household after all expenses and
obligations have been paid.

An investment is an asset or item acquired with the goal

of generating income or appreciation. Appreciation
refers to an increase in the value of an asset over time.
When an individual purchases a good as an investment,
the intent is not to consume the good but rather to use
it in the future to create wealth.
LONG-TERM SECURITY
DEFINITION

Long term security refers to the extended period

of time that an asset is held. Depending on the
type of security, a long-term asset can be held for
as little as one year or for as long as 30 years or
more. Generally speaking, long-term investment
for individuals is often thought to be in the range
of at least seven to ten years of holding time,
although there is no absolute rule.
 PARTICIPATE!
Do you have a savings account? If anything, what
persuaded you? If not, why?
Meron ba kayong savings account? Kung meron ano ang nakahikayat sa
iyo? Kung wala naman, bakit?
SAVINGS AND
INVESTMENT
UNDERSTANDING SAVINGS

Savings comprise the amount of money left over after spending.

People may save for various life goals or aspirations such as
retirement, a child's college education, the down payment for a
home or car, a vacation, or several other examples.

Savings may commonly be earmarked for emergencies. For

example, Sasha’s monthly paycheck is $5,000. Expenses include a
$1,300 rent payment, a $450 car payment, a $500 student loan
payment, a $300 credit card payment, $250 for groceries, $75 for
utilities, $75 for cellphone service, and $100 for gas. Since Sasha's
monthly income is $5,000 and monthly expenses are $3,050, there
is $1,950 left over as savings. If Sasha saves maintains this excess as
savings and later faces an emergency, there will be some money to
live on while resolving the issue.
LONG-TERM
SECURITY
HOW AN INVESTMENT WORKS

The act of investing has the goal of generating income and

increasing value over time. An investment can refer to any
mechanism used for generating future income. This includes the
purchase of bonds, stocks, or real estate property, among other
examples. Additionally, purchasing a property that can be used
to produce goods can be considered an investment.

There is always a certain level of risk associated with an

investment. An investment may not generate any income, or
may actually lose value over time. For example, it's also a
possibility that you will invest in a company that ends up going
bankrupt or a project that fails to materialize. This is the primary
way that saving can be differentiated from investing: saving is
accumulating money for future use and entails no risk, whereas
investment is the act of leveraging money for a potential future
gain and it entails some risk.
INTERNATIONAL are engaged in work related to
ECONOMIC biodiversity conservation as an
DEVELOPMENT element of sustainable
development.
 INTERNATIONAL ECONOMIC
DEVELOPMENT

Starting in the late 1950s, the international

economic development and policy debate
was increasingly framed in the positivist
paradigm of growth, industrialization, and
modernization.
 A. GLOBAL INTERNATIONAL
SHIFT TO KNOWLEDGE OR
IN INTENSIVE ACTIVITIES

The shift to an era of man-made brain-power industries is

creating the technologies that are creating a global economy.
Leaving behind the role of regulator or the function of controlling
their national economies, governments are becoming platform
builders that invest in infrastructure, education, and research and
development to allow their citizens to have the opportunity to
earn world-class standards of living.
 Globalization

It ranges from the issues of trade and services,

It is the process of interaction among the people,
movement of capital, growth, and poverty of the
companies, and governments of different
world population, international migration to
nations, a process driven by international trade
easier transportation and communication
and investment, on culture, on political systems,
around the world. It is a complex process that on economic development and prosperity, and
affects many lives and above all, increased human physical well-being in societies around
economic interdependence among countries. the world.

 B. GLOBALIZATION AND
TOURISM

Globalization exists not only in the supply side of

tourism, but it also defines the increasingly
interconnected tourism demand around the world.
Countries are bound by strong economic ties through
tourism activities, such that tourism demand exhibits
co-movements across countries.
 C. THE EFFECTS OF
GLOBALIZATION ON POVERTY
 Poverty is the world’s biggest challenge and the inequality of global
wealth distribution is frightening. 80% of the 7 billion people in this world
live less than $10 dollar a day and only 5% of global income was generated
by the poorest 40% of the world population while 75% of the global
income was generated by the wealthiest 20% of the world’s population.
Numerous numbers of studies have been made linking globalization
towards poverty and the issue has been debated and inconclusive.

 EFFECT OF GLOBALIZATION ON POVERTY

PRO-GLOBALIZATION (OPTIMIST)

More efficient market, and more wealth equality throughout the world.
Increase international scale and greater employment opportunities
The increasing reliance of economies on each other.
Creates cheaper imports and larger export markets
Provides greater opportunities for free trade.

EFFECT OF GLOBALIZATION ON POVERTY

ANTI-GLOBALIZATION (PESSIMIST)

Small producers are put to hardship

Uncertain employment
Dominance of foreign industries
Does not protect the domestic industries
Increase uneven wealth distribution
Price hike of daily usable commodities
Always dominate third world countries
 EFFECT OF GLOBALIZATION ON POVERTY

The relationship between globalization and poverty is complex. Though

globalization has some negative effects it has a great role to developed
the whole world. Globalization itself should not be hindered. But the
extent and pace of its progress should be made to reflect the nation's
situation and present economic dispensation so that, the developing
country itself would be able to strong competition in the wide confluence
of globalization.
INTERNATIONAL TRENDS

 PANDEMIC-RELATED RISKS CONTINUE TO CHALLENGE

THE GLOBAL ECONOMY

As the fastest pace of recovery is already over, the global economy is expected to
expand by 2022. The COVID-19 pandemic will continue to represent a major risk
to global economic growth in 2022, as insufficient vaccinations in both
advanced and developing economies and new infection waves, coupled with the
emergence of a new variant, Omicron, have led to a renewed tightening of social
distancing restrictions in many economies at the end of 2021. If supply chain
disruptions and high inflationary pressures continue in 2022, global production
and consumption will be affected, undermining global economic recovery.

HYBRID WORK MODEL TO STAY

The pandemic has fostered a global shift towards remote work expansion,
calling businesses to invest more in online collaboration tools such as MS
Teams, Zoom, and Skype.
CITIES TO RAMP UP 5G ROLLOUT

The rollout of 5G internet will continue to gather pace in 2022 as national

and municipal governments accelerate the implementation of smart and
digitally connected cities. The faster rollout of 5G internet will give a boost
to technologies such as connected cars, autonomous vehicles, and smart
buildings that address critical challenges in urban areas including
sustainability, traffic congestion, and urban planning.

BUSINESS CLIMATE ACTION TO GAIN PACE

Businesses are ramping up climate action, whether improving

energy efficiency, switching to renewable energy, electrifying their
fleets, or innovating in climate-friendly products and technologies.
THANK YOU!