By Robert Evangelista
The Philippines successfully concluded hosting the 23rd World Economic Forum on East Asia which highlighted the impressive economic gains under President Aquino’s administration.
This could be the 2016 elections. If good leaders emerge, the economy will grow and become inclusive. If not, hunger, poverty and desperation will hasten the nation’s descent into a failed state status. To avoid the latter, each and every Filipino must ensure a positive outcome in 2016.
By Peter Wallace
The huge outpouring of support for a country in need shows just what the international community can do when it’s called upon to help. Lives have been saved, health restored, people fed by a world willing to help.
By Cielito F. Habito
Ten years ago, the Philippine economy was growing at just above 4 percent. Prices were rising at around 3 percent per year. More than one out of every 10 workers (11 percent) was unemployed. Twenty percent of Filipino families were poor. The exchange rate was P55.6 to the dollar. The government’s tax revenues made up 12.1 percent of the country’s gross domestic product (GDP).
By Bernardo M. Villegas
A few analysts have been expressing doubts about the sustainability of the ongoing high growth of the Philippine economy. Taking a page from what happened in Thailand in 1997 or in China in the last two years, these doubting Thomases are spreading the “bubble” talk. They say there could be a bubble in OFW (overseas Filipino workers) remittances; or in the business process outsourcing sector; or in real estate. Let me treat each one of these present engines of growth.