L2 FOREIGN INVESTMENT, FOREIGN DEBT AND PH ECON DEVELOPMENT

• What is the age-old and traditional attitude toward foreign investment? infuse capital
• What are TNCs? foreign corporations
• Do TNCs contribute in the uplifting people's quality of life? No
• What economic information IBON Databank Philippines gave to picture the Philippine-American economic relations? foreign investors profit more
• What does Debt Trap mean to every Filipino? cannot pay loans
• In 1992, how much approximate amount every Filipino was indebted with? $504.54
• How does our huge debt affect our economy? huge loan payment
• With huge economic debt, what negative effect to people's lives due to the increase of common commodity? peso devaluation
• What should be the option for a genuine national development? Filipino-controlled resources
• What is one possible way so Filipinos can achieve that option? agrarian reform program