The first article talks about the closeness of our country to foreign investments which has been the main reason why our growth rate has been struggling as compared to that of other countries such as Vietnam, Cambodia and Burma. The article also talked about the interest of Alston Hydro to invest in the Philippines but was not able to penetrate the market because of the monopoly of Meralco. It was clearly seen that despite the Napocor’s influence in the market, it still wasn’t able to influence as compared to the reach of Meralco. Despite the number of criticisms given to the Arroyo administration, the later was still able to defend the position stating that the government’s control of these power plants has been an effective strategy to deal with prices and to help in keeping them low and within the reach of the public. It is not a hidden fact where the administration has continued to struggle with the Lopez, the monopolizers in the said story. It is seen that the fact remains that though the administration has kept a close tie with the Lopezes, there is only a minimal support for the strategies being applied and pushed by the administration. The article possessing the title “Powering Down the Economy”, showed a major hit and miss on the administration for its failure to push for strategies that will have influenced the Lopez Company. The end of the article had been tragic. Instead of investing here in the country, the Alston Hydro chose to invest in Vietnam, a country being more open to foreign investments. How tragic can this news get? According to the projections on the economic growth of the power economy, there will be a continuous decline which in the long run can turn into a major blackout of the power economy of the Philippines.
The ...