An Ateneo Graduate School of Business Advantage
FDI to the Philippines was an all time low. It is less than a billion and some of them came from reinvested profits. However, local savings went up. Rich savers were better than poor people, savings rate of private was better than the government; the non banks companies were better off than banks in saving money.,
It raises an important issue in entrepreneurship: which comes first, frugality or the prosperous business.
It is my theory, that savings, frugality comes ahead of everything else. There could be no financial or capital markets without savings. Savings comes ahead of others.
What do you think?
What does the low FDI mean to local entrepreneurs? Where would growth of PHL come from? Who will invest in the PHL?
Here are the links to the article on savings
and declining
-data-show-rich-people-better-saving-money-134211324.html
jan-sept-fdis-drop-33-671m-says-bangko-072604283.html
I just came across a Germany website. They are campaigning hard too for FDI!!
Please read:
Germany Trade and Investment Initiatives
What does this mean for PHL trade and investment missions; our policy for attracting foreign investments?
How do we relate it to growing number of forum on startups in Asia?
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