Tuesday June 07, Dr. Gerardo P. Sicat On October 7, , Gerardo P. He was only 6 years old when his father moved the whole family to Manila.
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Facts Trivia History of the Philippines. Bookmark this page. Need best text quotes? I only know a lil bit about him.
Gerardo Sicat, the first National Economic and Development Authority Director General, discussed the economic provisions of the Philippine Constitution that have served as barriers to greater efficiency and competitiveness, thereby inhibiting greater economic progress.
Gerardo P Sicat is also a Professor Emeritus of Economics, University of the Philippines, and was Cabinet Minister in charge of the economy and planning in the Philippines from to The summary of Dr.
The policies adopted by the government are more pro-employed labor than to promote the over-all employment of the labor force. These policies made the country to miss the path of labor intensive development in industrial enterprises, a pattern typical of the early growth of East Asian economies. These policies strengthened a powerful labor bureaucracy in the government. Side effects of the regulations and the culture surrounding the disposition of labor management issues encouraged rent-seeking and other motivational distortions in the behavior of labor when employed.
The welfare policies as developed have contributed to the distortion in labor skill formation, the tendency to provide an increase of emoluments without any link to productivity growth, and so on… In undertaking reforms, productivity change needs to be placed in the center stage of reforms.
Finally, it is argued that the labor sector would find it in its interest to deal positively with the challenges of globalization. This means recognizing that labor market policies need to adjust to global competition. Gerardo Sicat definition of Economics.. Tagalog "Ang ekonomiks ay isang makaagham na pag aaral na tumutukoy kung paano gumamit ng pasya ang tao o lipunan. Maraming pangangailangan ang tao at mga pangkat ng lipunan. Upang matugunan ang mga ito, may mga pinag kukunang yaman na maaring gamitin ngunit hindi sapat.
Ang mga pangangailangan at pag gamit ay maaring ngayon o bukas. Kaya naman sa pag papasya o pagpili , kasamang isinasa alang alang ang ngayon at bukas. Bukod dito ang pag gamit ng mga pinag kukunang yaman ay may kaukulang halaga at pakinabang na nangangailangan ng wastong pag papasya" Posted by Kairus at.
His parents were poor but hardworking. His father finished only the first year of high school and his mother only the lowest primary grade. They brought up a family of eight children to a fulfilling full education up to college. He was second-born and would reach the highest educational distinction among his siblings on his own hard work and turn of good luck.
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University of the Philippines School of Economics