Do you think one's constitution is a big hindrance to economic growth?

[aioc]

Government can boost economic growth by passing various law without needing to amend their constitution.

But no government law can override the constitution that mandates that no foreigner can own land, or that no foreigner can run a business with over 40% shares of the company or organization, so if a foreigner wants to establish a business here, he needs a local partner with the capacity and capability to provide the 60% of the business.

All business sectors are run by locals, and they cannot keep up with global standards or create more jobs, so our local professionals go abroad for better job opportunities.

[Curious T]

Philippines economic problem have absolutely nothing to do with constitution.
it is possible to resolve these issues without amending constitution.

How can you even say this after reading that foreigners can't own a business without a local partner and they can't own their own land? Do you think an economy can grow without foreign investments? Regulation is fine, but choking businesses hurts. When there is a restriction like this, it discourages foreign investors from coming into the country, and that affects the country. I'm not saying this is the only cause of a poor economy, but it can be part of it.

Government can boost economic growth by passing various law without needing to amend their constitution.

Government cannot pass a law that is against the constitution. People and businesses cannot do things that violate the constitution.

[kingstep]

Do you think these provisions in a constitution are a big deterrent to economic growth, and do you have similar provisions in your country's constitution?

A constitution that hinders your national growth is just setting a law around yourself that limits you and stops you from achieving more and letting it continue to tie you down just because you have ascribed it to be a law to you. There are a lot of regions that are facing under development just because there are laws and systems that are not favorable to investors. if an investor sees that he can not scale above a certain level, he is going to be uninterested in investing in your country because the security and growth of an investors business always comes first.

Government always hinder a change in constitution when the provision of the constitution is favoring them. if a provision in the constitution is not favoring them, they will vote for it amendment. this is why citizen also have to create their own voice in ensuring that when things does not go in line with what they want, they are able to speak up and demand for a change in constitution where necessary.

[YOSHIE]

Do you think these provisions in a constitution are a big deterrent to economic growth, and do you have similar provisions in your country's constitution?

When we talk about the constitution, there are two things that can become obstacles to economic growth and there are several things that can encourage economic growth.

In short, when the Constitution has clear rules for investors or business people or asset protection for companies and so on, which has a positive impact, it will certainly encourage the rise of the country's economy.
And conversely, when the Constitution has rigid clauses and fiscal burdens for investors or companies, it will automatically hinder and affect the country's economy.

In essence, the positive and negative influences and impacts on the Constitution are policies as I said above.

[#CapsLOck]

I believe that the restriction of ownership may have an impact on investment but I think I would be wary of using the Constitution as the principal reason for slow economic development. Restrictions on foreign investment are one restriction the World Bank has identified, but others it has also listed are infrastructure, competition, and productivity and regulatory barriers. Interestingly, some foreign-ownership restrictions have been loosened in the Philippines in the telecommunications, transport, retail and renewable energy sectors already. But rather the more important question is, are reforms being done consistently, and do they give enough investors confidence so they will invest long term? While this can be done in a framework provided by a Constitution, institutions and implementation are equally important.

[Rabata]

If economic growth is considered only on foreign ownership, then it is definitely not logical because the economic growth of a country depends on various factors including the country's education system, infrastructural development, political stability, productivity, etc. According to the World Bank's Growth and Jobs Report for 2010-2023, the economic growth of the Philippines was somewhat strong, but productivity and growth were limited. However, there are definitely reasons to bring some restrictions on foreigners. Not only because the economy is involved here, but the issue of control over the national wealth and land of the citizens is involved. Various proposals can be made to attract foreign investment, but that must be reviewed and a decision must be taken.

[Solodoski]

Definitely such section of the constitution will definitely affect economical growth of any country. That section of the constitution already shows that foreigners are not welcome and from my little understanding I think you need foreigners to grow your economy. In a situation where the constitution don't give them the privilege to own a business without partnering with a citizen and also allows them to own only 40% of the business,  will definitely drive foreign investors away. To make it worse they can't even own a property,  which in my opinion is not been friendly to foreigners. That section of the constitution needs to be amended to encourage foreign investors and in turn it will grow the economy.

[lombok]

Do you think these provisions in a constitution are a big deterrent to economic growth, and do you have similar provisions in your country's constitution?

A constitution that hinders your national growth is just setting a law around yourself that limits you and stops you from achieving more and letting it continue to tie you down just because you have ascribed it to be a law to you. There are a lot of regions that are facing under development just because there are laws and systems that are not favorable to investors. if an investor sees that he can not scale above a certain level, he is going to be uninterested in investing in your country because the security and growth of an investors business always comes first.

Government always hinder a change in constitution when the provision of the constitution is favoring them. if a provision in the constitution is not favoring them, they will vote for it amendment. this is why citizen also have to create their own voice in ensuring that when things does not go in line with what they want, they are able to speak up and demand for a change in constitution where necessary.

Strict basic legal requirement obstruct economic development of the area. Too many regulatory requirement discourage foreign companies from doing business, since securing your property and the possibility of expanding business become key issues.

It is important that the regime should maintain law in it is favor, and therefore people should stay alert. The courage of citizen to fight for changes in basic legal rule become an effective antidote to ensure that national law coincide with the interests of the commoner.

[Cossyblack]

Do you think these provisions in a constitution are a big deterrent to economic growth, and do you have similar provisions in your country's constitution?

Of course it is a hinderance and should be reviewed because it's not friendly against foreigners who wants to do business in their country. If foreigners can't own lands and property in the Philippine,lots of them won't be interested to invest heavily in the country because they think it's a waste of time and resources, hence that part of their constitution that  foreigners can't won land has to be review and change to allow them to own lands. Personally,i can't invest in a country that restrict my rights to own landed property as it will not motivate me to do business. So I feel the Philippine government should amend that part of the constitution,if they can do so,i believe that it will attract large foreign investors to do business in their country.

[Die_empty]

Government can boost economic growth by passing various law without needing to amend their constitution.

But no government law can override the constitution that mandates that no foreigner can own land, or that no foreigner can run a business with over 40% shares of the company or organization, so if a foreigner wants to establish a business here, he needs a local partner with the capacity and capability to provide the 60% of the business.

All business sectors are run by locals, and they cannot keep up with global standards or create more jobs, so our local professionals go abroad for better job opportunities.

People don't understand that the constitution is supreme. Any law that is not in line with the Constitution is null and void. I watched a documentary about the illegally acquired passports in the Philippines. This kind of law might force foreigners who want to do business in the country to seek alternative means of obtaining these illegal passports and registering businesses.

Understandably, the law was made to protect citizens from foreign competitors like the Chinese. But it's time to be flexible because the world is now a global village.