The success of PEZA, though, is not enough to pull the industrial sector substantially forward. PEZA firms, however plentiful, are in general dwarfed by the total size of the national economy and by the sum of all industrial firms serving only the domestic market.
The village of Xiaogang was the birthplace of the first agricultural revolution in China. It was called the Household Responsibility System which allowed farmers to produce for sale in the market rather than for the collective and saw farm productivity soar. The Chinese leadership recognized what was already going on underground and legalized it.
The victims of killer typhoon Yolanda continue to suffer because of lack of permanent housing. And even before they have recovered, Typhoon Ruby rudely visited them. The very few houses that have been built, most did not withstand Typhoon Ruby. So, what happened to President Aquino III’s promise to “build better?”
“Ruby” has come and gone, and in her wake she has left a country and its government in receipt of congratulations from the international community. On the domestic front, however, the praise seems very faint. The silence, in fact, is deafening.
The Philippine Export Zone Authority (PEZA) is the one successful agency that has helped to attract foreign direct investments (FDIs) to the country, increased the employment of Filipino workers, and expanded and diversified our exports to the world.
What is the contribution of the government sector to growth? In 2014, it will be, at best, neutral, and, at worst, negative since public construction and government consumption of final goods continue to decelerate. What is sad is that these are the areas where government activity can directly influence growth.
Instead of preparing the budget well, President Aquino III and Budget Secretary Abad are obsessed with generating as much “savings” as possible in the 2015 national budget. Is this in reaction to the Supreme Court ruling that parts of the DAP are unconstitutional? Or is it part of a plan to generate enough savings to...
Here’s a comparison of the two cases: Purisima was suspended after four or five months of investigation leading to the Ombudsman’s decision to suspend him. Ona was effectively suspended even if there were no charges against him from the Ombudsman, Department of Justice, or National Bureau of Investigation.
"I would like to say -- and I have said this many times before -- that except for Cesar, there is no other person who went through all the Marcos years without a blemish on his career."
Compared to where the Philippines was in 1998 -- the first year the World Bank gathered its governance indices and the year right after the Asian financial crisis -- the country’s recent governance indices do not compare well.
With a huge chunk of the 2014 budget still unspent, asking for a supplemental budget in late December is mindless.