Archive for July 31, 2014

RE-ECHOING ROOSEVELT’S ‘PHYSICAL ECONOMY’ SOLUTIONS TO GLOBAL FINANCIAL COLLAPSE

July 31, 2014

RE-ECHOING ROOSEVELT’S ‘PHYSICAL ECONOMY’ SOLUTIONS TO GLOBAL FINANCIAL COLLAPSE
Erle Frayne Argonza

My beloved country remembers the late Franklin Delano Roosevelt very well. It was his presidency that paved the way for preparing the Philippines as an independent state, by first granting the country the status of a commonwealth with its own constitution (1935 Constitution), and by permitting such domestic government to prepare the legislative measures and policy environment for a future independent state (granted independence in 1946).

Roosevelt’s regime also paved the way for the developmental paradigm that would propel the Philippines along the road to industrialization (we now term this as Import-Substitution Industrialization). The paradigm, based on the works of previous thinkers Alexander Hamilton, Friedrich von List, and the exemplar development policies of Abraham Lincoln, puts great stress on the ‘physical economy’ as the foundation for a prosperous and mighty economy in the long run.

Roosevelt further went on to cogitate that colonialism should fold up after the war, and that all former colonies must follow the road to development and prosperity, this being the road to genuine international peace and cooperation. The international doctrine of Roosevelt became the foundation for post-war cooperation, and buttressed the founding of the Bretton Woods agencies whose mandates were propelled precisely by the physical economy framework, the need for undertaking development in the former colonies, and the need to regulate national currencies via fixed exchange rate backed by the gold standard.

The current circumstance is now too remote from the ‘physical economy’ policy regime of the post-war era. Economic liberalization policies led to globalization and the galvanization of the ‘virtual economy’ based on predatory finance. The ‘virtual economy’ had led to de-industrialization, agricultural decay, decline of S&T, and deteriorating infrastructures in the most affected economies, and had fragmented developing states into ‘failed states’.

The global financial system created by the relentless liberalization of financial, fiscal and monetary policies across borders, had already collapsed and is beyond salvation using the present intervention tools that now seem to be burnt out tools altogether. A global conference must be convened most urgently to carve out a new financial architecture based on a ‘physical economy’ framework, and to decisively criminalize predatory finance.

[Philippines, 27 July 2008]

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Come Visit E. Argonza’s blogs & website anytime!
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PROF. ERLE FRAYNE ARGONZA: http://erleargonza.com

MANILA’S EMERGING OBESITY: IGNORE OR ADDRESS IT?

July 31, 2014

MANILA’S EMERGING OBESITY: IGNORE OR ADDRESS IT?
Erle Frayne Argonza

Nutrition-related issues and problems in the Philippines constitute a long list. Among all the related issues and problems, hunger stands out as the most highlighted today. While there is no question about highlighting hunger and addressing it with determination, over-focusing on this single issue tends to mask the other issues involved.

Among the emerging issues and problems in nutrition, I would handily pinpoint obesity as the most focal. Needless to say, it challenges development stakeholders to highlight the issue as well, and address it on the same level as hunger is being addressed today. Addressing it would mean resorting to public policy tools, strategies and programs at a national level, and creating necessary institutional frames to accelerate the problem’s solution.

While doing the study on fair trade & food security for the KAISAMPALAD in 2005 (this NGO is a national center for fair trade & food security), I stumbled upon both problems of hunger and obesity. At that time, the latest data from the Social Weather Stations regarding hunger indicated a 12% incidence, a figure that I found alarming as anything past the 8.5% index is considered significant. So I included the hunger issue among those food insecurity ailments that must be salved pronto, recommended policy measures, and even recommended the formation of a Hunger Fund as the multi-stakeholder executor of the anti-hunger mission.

The same study made me stumble upon the findings of nutritionists of the state’s Food and Nutrition Research Institute, which indicated a 25% obesity at the turn of the millennium. That average had its expressed distribution among age groups, with varying indices per age bracket. What was alarming at that time was the 25% Phliippine obesity rate was already 5% above the global average of 20% (the USA’s was 66%).

While I was aghast at the obesity incidence, admittedly I wasn’t prepared to tackle it then, and so I remained silent about the matter in the final research report, save for citing indices of over-weight across age brackets. Today the obesity incidence had risen well above the previous 25%, and certain popular media estimates indicate well pass the 30% mark already (we still need some more update nutrition research on the subject).

Obesity is markedly higher than hunger in the Philippines, surpassing the latter by over double the incidence. The problem with hunger studies is that the methodology is often subjective, since they employ surveys (e.g. asking the informant if s/he has been eating sufficiently or not. In contrast, obesity measures are objective and very exact, as calibration entails the use of weighing scales administered by licensed nutritionists.

I admit that I still am relatively unprepared to tackle the issue as of this day, that is as a development issue. I can only think now of the typical lifestyle intervention to address it, such as combining physical regimen with diet program and a total lifestyle change. Being athletic and a health buff (I was formerly Silver Medalist in national powerlifting –middleweight division), I often offer myself as a prototype of an optimally balanced physical-nutritional wellness person, even as I can easily lecture on lifestyle change and personal intervention to address obesity.

I would end this piece by tossing the query to my fellow Filipinos in the country and to friends overseas: will Manila continue to ignore obesity altogether?

[Philippines, 28 July 2008]
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Come Visit E. Argonza’s blogs & website anytime!
Social Blogs:
IKONOKLAST: http://erleargonza.blogspot.com
UNLADTAU: https://unladtau.wordpress.com

Wisdom/Spiritual Blogs:
COSMICBUHAY: http://cosmicbuhay.blogspot.com
BRIGHTWORLD: http://erlefraynebrightworld.wordpress.com

Poetry & Art Blogs:
ARTBLOG: http://erleargonza.wordpress.com
ARGONZAPOEM: http://argonzapoem.blogspot.com

Mixed Blends Blogs:
@MULTIPLY: http://efdargon.multiply.com
@FRIENDSTER: http://erleargonza.blog.friendster.com
@SOULCAST: http://www.soulcast.com/efdargon

Website:
PROF. ERLE FRAYNE ARGONZA: http://erleargonza.com