d) How does their government or other respective institution(s) play their role in

order to sustain the economy

The government and central bank is the main in the country that need play their role in order
to sustain the economy in the country. So that, first of all we need to know the role of both
institutions to sustain the economy. The role of government is the government needs to fund
the fundamental science that is indispensable for renewable energy and renewable
technology resources. Next, the government role is need to redistributing income like
transfer payments, market intervention and taxation. Then, the second role is central bank.
The role of central bank is control of money supply to avoid severe inflation this is to
maintain price stability. Next, stabilizing financial market like money and capital market to
fostering development of financial market. To sustain the economy the government and
central bank need play the good role. As we can see, in the Philippines the population
growth for the past 10 years which is from 2008 to 2017 is going up from 90.46 Million to
104.9 Million. The government in Philippines want the growth of people because the people
is the most important resource and to make sure all Philippines benefit from any
improvement in the country economy. Second, GDP growth in Philippine shown that, it
become increase and decrease and the graph absolutely not constant. So that the
government in Philippines take the action to increase the GDP Growth the government of
Philippines do the invest in infrastructure, education and job creation. Even though have a
good reputation in Philippines but the economy faces two challenges going forward: it will
need to defend itself against a global slowdown, and it will also need to create a more
inclusive growth pattern one that creates more and better jobs, because performance on job
creation has not been part of the positive news coming from the Philippines for quite a while
now. Then, in the the Philippine economy likely sustained its strong growth momentum in the
first quarter on recovering farm output and exports and higher government spending,
supporting the case for the central bank to tighten monetary policy. Lastly, the
unemployment rate in Philippines show that from 2008 to 2010 was increased and
decreased then it is constant and lastly in 2017 it was decreased. It is because the
government moves to reduce unemployment. The government will create better quality jobs
that are more regular and therefore more full time, that would reduce unemployment by
itself, as well as... reduce the unemployed family workers and self-employed, meaning also
those in the informal sectors, so they’re not really full-time workers.

http://thestandard.com.ph/business/214620/govt-moves-to-reduce-
underemployment.html
http://www.getrealphilippines.com/blog/2014/01/people-most-important-resource-in-
the-philippines-says-government-as-population-seen-to-breach-100m-in-late-2014/

https://www.reuters.com/article/us-philippines-economy-gdp/philippine-growth-story-
to-continue-in-first-quarter-on-strong-exports-government-spending-idUSKCN18D0FB