Nursing
Economics
(Economic Growth and National
Planning)

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

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

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

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

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.

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

 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

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

Philippine Development Plan
2011-2016

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.

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.

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.

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.

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.

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.

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

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.

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.

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.

Resources:
 Health Economics in the Philippine Setting
- Revised edition 2005 - Compiled and
edited by EPH Staff
 http://www.neda.gov.ph/?p=1128
 http://www.economicshelp.org/blog/1187
/development/economic-growth-and-
development/

Thank you!