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Policy recommendation proposal on how to improve philippine economy

User GETah
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Final answer:

Fiscal policies for improving technologies in the future include investing in new technologies, promoting investment in human capital and physical infrastructure, fostering an educated workforce, and creating a stable economic climate.

Step-by-step explanation:

One fiscal policy for improving the technologies that the economy will have to draw upon in the future is to create, invest in, and apply new technologies. This can be done by providing incentives and financial support for research and development in the technology sector. Another fiscal policy is to adopt policies focused on investment, including investment in human capital, technology, and physical plant and equipment. By promoting investment in these areas, the government can help to improve the technologies available to the economy.

Additionally, fostering a more educated workforce is crucial for technological advancement. The government can allocate funds for education and promote programs that improve access to quality education and training.

Lastly, creating a stable and market-oriented economic climate is essential. This can be achieved through policies that promote competition, protect intellectual property rights, and reduce barriers to entry in the technology sector.

User WildlyInaccurate
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