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Slow rehab work to blame for GDP drop

The snail-paced and much-delayed rehabilitation work in Eastern Visayas partly took a hit with the slowing down of the Philippine GDP’s (gross domestic product) growth rate, which was recorded at 5.7 percent in the first quarter.

Posted: June 7th, 2014 in Inquirer Opinion,Letters to the Editor | Read More »

Circular economy and a new model of growth

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As delegates to this year’s World Economic Forum in Manila know, East Asia has the potential to become a powerful consumer economy. And yet, the emergence of a consumer economy in Asean, and East Asia generally, takes place against a very different backdrop than European, American and Japanese growth over the previous two centuries. This time, resources are scarcer.

Posted: May 23rd, 2014 in Columnists,Columns,Featured Columns,Featured Headline,Inquirer Opinion | Read More »

‘Unless otherwise provided by law’

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Last Wednesday I was at a hearing of the House committee on constitutional amendments, which had asked for data on “the quality of life of the Filipinos vis-à-vis the posted economic growth of the Philippines.” There I presented the SWS surveys that show that Philippine poverty, hunger and joblessness have been disappointingly flat in the past decade, despite rapid economic growth. I pointed out that joblessness of well above 20 percent is not new, but has been around since 2005, and also that “Yolanda” victims are no more jobless than nonvictims.

Posted: February 22nd, 2014 in Columnists,Columns,Featured Columns,Featured Headline,Inquirer Opinion | Read More »

Now, to make the growth inclusive…

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The Aquino administration has every right to crow about the country’s economic performance for the first quarter of this year. A 7.8-percent growth rate in real GDP is not to be sneezed at, particularly since we outpaced our Asean neighbors and China for the period.

Posted: May 31st, 2013 in Columnists,Columns,Editor's Pick,Featured Columns,Featured Headline,Inquirer Opinion | Read More »

Prosperity without growth

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The rise in the number of unemployed Filipinos in the midst of economic growth has made our government officials take a serious look at the current economic strategy. This pattern of jobless growth partly explains why the level of mass poverty in our country has remained unchanged even as the economy seems to be growing.

Posted: May 4th, 2013 in Columnists,Columns,Editor's Pick,Featured Columns,Featured Headline,Inquirer Opinion | Read More »

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