RICE SMUGGLING AND ITS EFFECTS TO THE ECONOMIC GROWTH IN THE PHILIPPINES
RICE SMUGGLING AND ITS EFFECTS
TO THE ECONOMIC GROWTH IN THE PHILIPPINES
A Term Paper
Presented to
Ms. Jenifer F. Nara
Faculty, English Department
Xavier University – Ateneo de Cagayan
In Partial Fulfillment of the Requirements for the Course
English 27
(Writing Term Paper in the Discipline and Business Correspondence)
Presented by
Reyjen Kate J. Enoy
Regine May U. Tadlas
Section BE
October 2, 2014
Rice Smuggling and Its Effects to the Economic Growth in the Philippines
Thesis Statement: Rice smuggling can heavily depress the economic growth of the Philippines because it reduces government revenues, hurts domestic rice industry, and distorts supply-and-consumption data used as reference for sound policy-making.
Sentence Outline
I. Rice smuggling can heavily depress the economic growth of the Philippines.
II. Rice smuggling reduces government revenues.
A. Smugglers avoiding customs duties deprive the government of revenues.
B. Rice import smuggling robs government revenues from uncollected taxes.
C. Smuggled rice will not be counted in calculating the GDP of the country.
III. It hurts domestic rice industry.
A. It affects local industries by distorting prices of commodities.
B. Cheap smuggled rice can lower the price of local rice particularly during harvest season, which discourage local farmers to plant.
C. It prevents domestic traders from engaging in the rice business because of unfair competition.
IV. It distorts supply-and-consumption data used as reference for sound policy-making.
A. The government will be using inaccurate supply-and-consumption data as reference for sound policy-making that later on may cause problems.
B. Since smuggled rice is unaccounted supply, it makes the estimated figure of Per Capita Net Food Disposable (PCNFD) for rice seems smaller and it also decreases the Per Capita Rice
TO THE ECONOMIC GROWTH IN THE PHILIPPINES
A Term Paper
Presented to
Ms. Jenifer F. Nara
Faculty, English Department
Xavier University – Ateneo de Cagayan
In Partial Fulfillment of the Requirements for the Course
English 27
(Writing Term Paper in the Discipline and Business Correspondence)
Presented by
Reyjen Kate J. Enoy
Regine May U. Tadlas
Section BE
October 2, 2014
Rice Smuggling and Its Effects to the Economic Growth in the Philippines
Thesis Statement: Rice smuggling can heavily depress the economic growth of the Philippines because it reduces government revenues, hurts domestic rice industry, and distorts supply-and-consumption data used as reference for sound policy-making.
Sentence Outline
I. Rice smuggling can heavily depress the economic growth of the Philippines.
II. Rice smuggling reduces government revenues.
A. Smugglers avoiding customs duties deprive the government of revenues.
B. Rice import smuggling robs government revenues from uncollected taxes.
C. Smuggled rice will not be counted in calculating the GDP of the country.
III. It hurts domestic rice industry.
A. It affects local industries by distorting prices of commodities.
B. Cheap smuggled rice can lower the price of local rice particularly during harvest season, which discourage local farmers to plant.
C. It prevents domestic traders from engaging in the rice business because of unfair competition.
IV. It distorts supply-and-consumption data used as reference for sound policy-making.
A. The government will be using inaccurate supply-and-consumption data as reference for sound policy-making that later on may cause problems.
B. Since smuggled rice is unaccounted supply, it makes the estimated figure of Per Capita Net Food Disposable (PCNFD) for rice seems smaller and it also decreases the Per Capita Rice
References: A. Online Articles and Documents Alberto, J. R. (2013, April 12). NSCB - How Important is Agriculture in the Economy?. NSCB News. Retrieved October 1, 2014, from http://www.nscb.gov.ph/beyond-the-numbers/2013/04122013_jrga_agri.asp#fig1 Analyzing The Rice Crisis in the Philippines. (2008, May 31). AEA Blog. Retrieved October 1, 2014, from http://ateneoeconomics.wordpress.com/2008/05/31/analyzing-rice-crisis-in-the-philippines/ Cabacungan, G. (2013, December 30). 'Rice smuggling costs PH P7B a year '. Inquirer News. Retrieved October 1, 2014, from http://newsinfo.inquirer.net/554419/rice-smuggling-costs-ph-p7b-a-year Emmanuel, A. (2013). Rice Smuggling: have we learned yet?. PDF, 5(19), 13. Retrieved October 1, 2014, from https://www.senate.gov.ph/publications/taxbits 2019 20vol5 20May 20- 20J Philippines Per Capita Rice Consumption Decreasing Since 2008, Says BAS. (n.d.).Oryza. Retrieved September 25, 2014, from http://www.oryza.com/content/rice-consumption-decreasing-philippines-2008-says-bas Ranada, P. (2014, August 13). Alcala: PH 98% rice self-sufficient in 2014. Rappler. Retrieved October 1, 2014, from http://www.rappler.com/business/industries/247-agriculture/66110-alcala-98-percent-rice-self-sufficient B. Unpublished Theses Cruz, C. J. (n.d.). Surveillance of the Philippine Rice Market. Bangko Sentral ng Pilipinas. Retrieved September 2, 2014, from http://www.bsp.gov.ph/downloads/EcoNews/EN14-02.pdf Litonjua, A., Bordey, F., & Paran, S. J. (n.d.). PalayCheck System ®. Pinoy Rice Knowledge Bank. Retrieved October 1, 2014, from http://www.pinoyrkb.com/