About Per SE

Commentary and research on current events and public policy by economists from the University of the Philippines
Author archive for Gerardo P Sicat

Current world headlines and the economy

Developments that are significant enough to disturb current trends and events in other regions of the world eventually could affect us.

In favor of return to ROTC program: development and discipline

President Duterte supports the restoration of ROTC training, arguing that the nation needs it and that it is every citizen’s important duty to support the state in case of need.

Xi Jinping visit: future China and Philippine economic relations

The official state visit of Xi Jinping of China to the Philippines produced a large set of potential economic cooperation projects that promises to be more than spectacular as the two nations face the future.

World War I: our limited participation

The Philippines was dragged into the war because it was then a part of the American empire in the Pacific. America’s expansion as a nation had experienced transformation into a world power by this time, but it was a limited empire with few possessions. The Philippines was its colonial bastion in the Pacific.

US-China trade war will be settled

The trade war between the US and China has been escalating step-by-step since the beginning of this year. The trade war also causes greater risk and uncertainty to world commerce and development.

Forex controls in the 1950s

The 1950s were an era of foreign exchange and import controls for the Philippines. This lasted for a solid one decade during which the country undertook to rehabilitate from the war and move toward political and economic independence. We could have built the nation better in those formative years.

Two pesos per dollar unsustainable after independence: Phl economic history

Philippine independence was on schedule to be delivered on July 4, 1946 just a few months after the end of the Second World War. The economy was vastly devastated by four years of Japanese occupation and the war for liberation which brought in further destruction.

The peso and Philippine economic history

The story of the peso is inextricably linked with our economic history as a nation. It is also part of Philippine political history.

Inflation: toward moderation?

Inflation continues to be the concern of the moment. Actions that are designed to tame it are being undertaken by the fiscal and monetary authorities. We, therefore, comment on the efforts to tame the inflationary tendencies.

The Fourth Industrial Revolution

The frontier of technological and scientific developments arising out of the digital and computer revolution – which is summarized by the oncoming convergence of smart phones, robotics, artificial intelligence, internet, 3D printing, big data, biotechnology, materials science, energy storage and quantum computing – is called the Fourth Industrial Revolution.

The trade deficit and the balance of payments: what need be done

A developing country often displays a balance of trade deficit in the course of its economic development. But some more successful countries have used export-driven policies to create trade surpluses that enabled them to pay for their import needs while facilitating the growth of public and private investments and the economy in general.

Inflation, the peso, and overall spending

The rising prices are felt generally across sectors of the economy. However, they accelerate the problems of the most vulnerable, the poor and those whose incomes are not catching up with inflation.