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Economic Growth

  1. Nursing Economics (Economic Growth and National Planning)
  2. Learning Objective:  Discuss the difference between economic growth and development.  Identify measuring tools and Factors affecting economic growth.  Analyze the present condition of Philippine economy and its development plan  Appreciate the planning national health policy
  3. Economic growth  Economic Growth is the increase in the market value of the goods and services produced by an economy over time. It is conventionally measured as the percent rate of increase in real gross domestic product, or real GDP.  Economic Development Development looks at a wider range of statistics than just GDP per capita. Development is concerned with how people are actually affected. It looks at their actual living standards
  4. Measures of economic Development will look at:  Real income per head – GDP per capita  Levels of literacy and education standards  Levels of health care e.g. number of doctors per 1000 population  Quality and availability of housing  Levels of environmental standards
  5. Factors affecting Economics growth in developing countries  Levels of infrastructure – e.g. transport and communication  Levels of corruption  Educational standards and labor productivity  Labor mobility  Flow of foreign aid and investment  Level of savings and investment
  6. The Philippines economic growth  The Philippine economy is regarded as being one of fastest economically developing countries in South East Asian region. In financial year 2007, its gross domestic product grew at a rate of 7.3 percent.  This was quickest for the Philippines economy in last thirty years. Economic growth Philippines can stand toe to toe with some other rapidly developing South East Asian economies like India for example.
  7. Planning National health policy  POVERTY- Main causes of ill health in failure to meet basic human needs.  Health plan is unlikely to help meet basic needs unless Critical Decision are taken such as: ◦ Kind of growth ◦ Sectors in growth should take place ◦ Amount of Employment
  8.  Education can support health policy.  A strong political commitment is essential to push development toward meeting the needs of community.  Involving community in planning  Develop maximun mental and physical capacity FIRST STEP: Diagnosis of WHAT IS WRONG and WHAT IS NEEDED Planning should from the bottom up, not from the top down
  9. Health Administrator  Vital Role: play in explaining the possible effects on health of various development plan proposal.  Provide an increased standard of living.  Will be concerned about any impact a proposed plan  He can help identify the changes that are special importance for health  Monitor the effect of earlier plans from a health point of view.  Provide early warning of impending crises
  10. Philippine Development Plan 2011-2016
  11. Philippine Development Plan 2011-2016  The adopts framework of inclusive growth, which is high growth that is sustained, generates mass employment, and reduces poverty.  With good governance and anticorruption as the overarching theme of each and every intervention.  Through this Plan, we intend to pursue rapid and sustainable economic growth and development, improve the quality of life of the Filipino, empower the poor and marginalized and enhance our social cohesion as a nation.
  12. In Pursuit of Inclusive Growth  Viewed by majority of Filipinos, the record of economic and social progress up to now has proved unsatisfactory for three reasons: ◦ first, its pace has been slow when measured against the achievements of the country’s neighbors; ◦ second, the benefits of that progress have not been broadly shared; ◦ and third, issues of massive corruption and of questioned political legitimacy have undermined the people’s sense of ownership of and control over public policy.
  13. Macroeconomic Policy  It is private actors – from the smallest self- employed entrepreneurs to the largest conglomerates – that create productive jobs and incomes.  Government’s responsibility however – through fiscal and monetary policies – is to create an environment for vigorous economic activity, as well as to ensure that enough gains from growth are set aside for larger social purposes or channelled into social investments that facilitate future growth.
  14. Competitive Industry & Services Sectors  Strategies shall therefore be pursued to help raise the competitiveness of industries by improving the business environment;  raising productivity and efficiency and inculcating quality consciousness among manufacturers and producers to offer quality goods and services comparable with global brands.
  15. Accelerating Infrastructure Development  The Plan’s infrastructure development program aims to contribute to inclusive growth and poverty reduction.  It will support the performance of the country’s economic sectors and ensure equitable access to infrastructure services, especially as these affect the people’s health, education, and housing.
  16. Towards a Resilient & Inclusive Financial Sector  The financial sector intermediates claims between savings and investors.  The credibility and stability of financial institutions and the relative attractiveness of various financial instruments to borrowers and lenders alike determine how much saving will mobilized, how much it stays in the country to be invested, and how this is to be allocated among the various firms and industries.
  17. Good Governance and the Rule of Law  Good governance sets the normative standards of development.  It fosters participation, ensures transparency, demands accountability, promotes efficiency, and upholds the rule of law in economic, political and administrative institutions and processes
  18. Social Development  Social development has improved the access of Filipinos to quality basic social service delivery in education, training and culture; health and nutrition; population and development; housing; social protection; and asset reform.
  19. Peace & Security  Peace and security shall be achieved in support to national development.  The government shall exert all efforts to win peace and ensure national security  The peace process shall center on the pursuit of negotiated political settlement of all armed conflicts and the implementation of complementary development tracks to address its causes.
  20. Conservation, Protection & Rehabilitation of the Environment & Natural Resources  The country is widely acknowledged as having an outstanding endowment of natural resources, which could provide essential ecosystem services to the population.  Demands arising from development and utilization activities, population expansion, poor environmental protection, and external factors such as climate change, however, have placed the country’s environment and natural resources under grave threat.
  21. Resources:  Health Economics in the Philippine Setting - Revised edition 2005 - Compiled and edited by EPH Staff   /development/economic-growth-and- development/
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