Dr. Ciel Habito,Ph.D, former NEDA chief under FVR, consultant at World Bank and ADB, director in various businesses, director of Ateneo Center for Economic Research and Development (ACERD) did an economic briefing for hundreds of students taking MBA at AGSB.
When he said in the Q & A and elsewhere in his talk, that entrepreneurship should be the focus of economic development in this country, it was music to my ears. As the share of labor income has decreased over time, Filipinos should no longer share income with employers, but be employers/entrepreneurs themselves to create, and distribute income instead.
There is much promise in Mindanao in the next 20 years. He is working with other people to craft 2020 plan for Mindanao.
He compared Phil with Thailand and Indonesia and the Phil lagged behind in per capita income, savings and investment rate and FDI. However, Phil was not able to manage its population increase very well. However, he is quick to point out that while population growth might have contributed to Phil lagging behind, it is the governance factor that is largely responsible.
He foresees a growth between (realistic) 6% and 8%(optimistic based on quarter on quarter comparison) for 20ll. The positive factors: continued growth (although lesser) of OFW dollar remittance, our insulation from global crisis, and very positive domestic investment.
We are to be wary though of fall out from Japan tsunami, the middle east revolutions, and continued economic difficulties in Europe.
When he said in the Q & A and elsewhere in his talk, that entrepreneurship should be the focus of economic development in this country, it was music to my ears. As the share of labor income has decreased over time, Filipinos should no longer share income with employers, but be employers/entrepreneurs themselves to create, and distribute income instead.
There is much promise in Mindanao in the next 20 years. He is working with other people to craft 2020 plan for Mindanao.
He compared Phil with Thailand and Indonesia and the Phil lagged behind in per capita income, savings and investment rate and FDI. However, Phil was not able to manage its population increase very well. However, he is quick to point out that while population growth might have contributed to Phil lagging behind, it is the governance factor that is largely responsible.
He foresees a growth between (realistic) 6% and 8%(optimistic based on quarter on quarter comparison) for 20ll. The positive factors: continued growth (although lesser) of OFW dollar remittance, our insulation from global crisis, and very positive domestic investment.
We are to be wary though of fall out from Japan tsunami, the middle east revolutions, and continued economic difficulties in Europe.
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