Yes, we all know about it, have felt and will probably continue to see how drastic its effects has been. For many of us, 2008 was not particularly a good year.
The United States’ recession and the crash of major financial markets around the world has taken its toll on the Philippines, that facing 2009 holds a huge question mark for many Filipinos.
However, some still believe that the Philippines still get through this crisis, by relying on its domestic market and the strength of micro, small and medium enterprises. These perilous times, as business experts say, offer a good time for small businesses to focus on local and nontraditional export markets.This is no surprise, as most overseas Filipino workers and expatriates who have been laid off and decided to go home to the Philippines are now rebuilding their lives, starting with their own businesses.
We Filipinos are known for being able to adjust and adapt easily to a new situation and environment. Our people have survived tumultuous times in the past and yet, our nation has continued to flourish. It is, with no doubt, that we would be able to survive again these trying times, and come out of it as stronger and better citizens. (AJPress)( Published on January 3, 2009 in Asian Journal Los Angeles p. A12 )
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