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Action for Economic Reforms

REBUILDING SOCIETY, REBUILDING THE ECONOMY

The tasks facing the post-Estrada Administration are awesome.

It will be presiding over a devastated economy – deserted stock market,

debased currency, weakened domestic sector, cash-short treasury and a public sector debt almost equal to the gross domestic product. To get

the economy going, it has to fast track the repair and renovation of collapsing infrastructures while building new ones. But more importantly, it has to create jobs for over three million unemployed and in the long term, decent and regular jobs for over seven million underemployed.


It has to stop the bleeding in Mindanao by getting the peace process back on tracks.

It has to arrest the sense of defeatism among the people through hard

work, a clear sense of national purpose and a commitment to excellence

in public service. It has to lead by example.


Above all, it has to forge a social contract based on a clear vision of national development where the private sector, civil society, ethnic communities, political parties, religious groups and other sectors of society each has a constructive role to play in a mutually beneficial way.


What then are the major doables in the first year of the post-Estrada period?


1. Building a government of national unity and social reform. Amid the

present economic crisis and the looming possibility of a new Asian

crisis, a post-Estrada government must by necessity be built upon the

unity of both traditional and non-traditional political and social

forces representing the broadest sectors of Philippine society and who

are united on a minimum program of reform and stabilization, which may

include, among others, the following:


  • an agreement to hold a constitutional convention for the express

purpose of strengthening the democratic structures of society, ensure

genuine representation in policy making bodies by the marginalized

sectors and set up standards of excellence for would-be national

leaders,

  • a social pact among labor, industry and government on wage and

price adjustments within the overall framework of saving and

strengthening jobs and businesses, and


  • a commitment to reduce the investment uncertainties in

agriculture by giving a two-year deadline in the completion of the

long-delayed land reform program.


2. Re-negotiating peace. A post-Estrada administration is in a better

position to create conditions for the renewal of peace talks with the

MILF and other armed groups. It can declare a unilateral ceasefire, set

aside the all-out war policy of the previous regime and keep an open

mind on negotiating issues related to autonomy, poverty alleviation and

the like. It may mobilize the peace warriors among the imams and

priests, and the local tribal leaders and LGUs.

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