“Mindanao’s Underground Economy Reflection”

            Many articles talk about the underground economy of Mindanao. When we say underground economy or informal economy, this is the illegal trading that is present in the economy. These are the goods and services that are sold without permission and are hidden from the government.

            In an article that i read, it was mentions that the underground economy in Mindanao has created feud and conflict in terms of peace in the society. Illegal trading such as selling of guns and illegal drugs has become rampant in Mindanao. The sad fact about this is that the government hasn’t created a proper solution and action in this problem. These traders initially don’t contribute to the economy since they don’t pay taxes and thus contributes mostly to the spreading crime and poverty in our country. I believe that the government should take proper actions for this problem is rotting our country from inside out. Mindanao has been given negative labels all over the country and has been one of the reasons why we are feared by tourist. As a student, I can help our economy by promoting to my relatives and friends to avoid purchasing from traders that are not monitored and approved by the government. This simple act can definitely make a difference in the economy.

            Mindanao has not flourished through the years and the informal economy has contributed a lot to this. I believe that the government must take action to this obvious problem in our society but I also believe that the government couldn’t do this without the help of the citizens itself. The government and its people should work hand in hand to this problem for a better and fruitful economy.