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Wednesday, July 6, 2011

Economic Briefing by PACIBER on their Home Countries

Not much was shared on the economies of their respective countries.  The data anyway is avaialble on many publications, at CNN BBC at the internet. The Team Philippines could not boast of the economic data learned from Dr. Ciel Habito of ACERD.  We can only mention the insulation of the Phil. from world crisis, the continuation of strong remittance of OFW which is propping up the economy and strong investment from local.
 The Phil. per capita GDP is quite low compared to Malaysia, Thailand and even Colombia in South America.  Team Phil must learn much from the other member schools how business education can build capacity to grow the country's economy.

We know the threat from Japan's tsunami to neighboring countries, the impact of  the result of Thai election to their economy, the Chirstchurch earthquake to New Zealand economy.

What was disturbing was the debate that ensued regarding the debt limit law that was pending before the US legislators, when US reported.  There was a threat of default, or maybe a strategy to reduce or write off debts(?) as some quarters would suggest.

No one not even Team Philippines (although we are always happy) would not want US, its ally and trade partner for a long long time, and home to millions of Filipino migrants, to fail or be declared in default.

         God Bless America.  Mark Ballam, Managing Director At San Diego State University reported on
                                  USA.  He facilitated debate and was successful.




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