Economic Charter Change: Examining the Pros and Cons

Mendoza, Ronald U; Melchor, Monica

doi:10.2139/ssrn.2599131

Cited by 2 publications

(2 citation statements)

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“…On the issue of economic reform, numerous studies have found that removing barriers to international investment could result in increased foreign direct investment inflows into the country. At least one analysis predicts that lifting constitutional constraints might increase net foreign direct investment inflows by much to 78% (Mendoza & Melchor, 2015). The proponents of the charter change agreed on this, arguing that the charter change will increase the chances of maintaining impressive economic performance by relaxing economic restrictions, which could offset other obstacles in the country, such as a lack of infrastructure, energy shortages, and other challenges that impede foreign investment.…”

Section: Impact Of Charter Change On Philippine Politics and Economymentioning

confidence: 99%

“…Some believe, or even urge, that constitutional amendments are required to overcome economic constraints, decentralize power, and increase government efficiency. For example, supporters of this "economic cha-cha" argue that the time has come to open this possibility, which will eventually allow the country to capitalize on rising investor confidence in the economy, increasing its chances of maintaining its recent impressive economic performance (Mendoza & Melchor, 2015). Aside from the economic charter change, some suggest replacing the political institutions we already have, such as Senator Robin Padilla, who is quite open about his support for and contribution to the Federalist process (Galvez, 2022).…”

Section: Introductionmentioning

confidence: 99%

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The Road to Change: The Perspectives of Academicians on Charter Change in the Philippines

et al. 2024

IJFMR

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The ongoing campaign to modify the current 1987 Philippine Constitution is part of being a democratic society. Resisting such an endeavor, if supported by a logical public consensus-building process, is also an important component of democracy. As a democratic country, the Philippines fits ideally into this constitutional reform setting. As such, this paper will examine the perspectives of Filipino academicians in addressing the growing pursuit of constitutional change to assist people in making better decisions and ideas for contemporary societal concerns. Using purposive sampling, in-depth interviews were conducted with the selected Filipino academicians. The interview elicited participants' perspectives on the growing concerns about the charter change in the Philippines, considering the timeliness, scope of changes, complicated legal procedure, and impact on the economy, politics, and Filipino people. Furthermore, it investigates if the implementation is necessary in the current circumstances. According to the data, most Filipino academicians oppose the present constitutional amendments since the government's goals are unclear. As suggested, there must be clear rules and intents that the charter change aims to solve, as this cannot be accomplished alone through a constitutional amendment, ordinary legislation, or executive action. The government must establish definitive rules and give the Filipinos the exceptional political leadership that all citizens deserve.

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Section: Impact Of Charter Change On Philippine Politics and Economymentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%