Inclusive growth

It’s good jobs, stupid … which are “xxx the best way to generate shared prosperity xxx.”

Read more here.

Read more here.

Download the report here.

Written by Maurice Obstfeld, Jan. 16, 2017 An accumulation of recent data suggests that the global economic landscape started to shift in the second half of 2016. Developments since last summer indicate somewhat greater growth momentum coming into the new year in a number of important economies. Our earlier projection, that world growth will pick…

Philippine Daily Inquirer, Jan. 14, 2017 Many Filipinos still rely on informal channels for their borrowings, while almost two out of every five households use their ATM cards as collateral for borrowings, such that the Bangko Sentral ng Pilipinas is urging intensified financial inclusion efforts to bring more borrowers into the formal sector.

By Joey Concepcion (The Philippine Star), Dec. 19, 2016 In Go Negosyo, inclusive growth is our goal. Our advocacy is to bring prosperity to all. In the past months, we have been collaborating with Department of Agriculture Secretary Manny Piñol to bring growth to the agricultural sector and the province of Sulu.

In the phrase “inclusive growth,” the key word is “inclusive,” not “growth.” Unless economic growth is inclusive, meaning that it benefits the lower classes, let us not make so much propaganda about it.

Over the past couple of decades, no one can deny that the Asia and Pacific region has represented a remarkable success story. Absolute poverty levels have fallen significantly and the region is on course to achieve a number of Millennium Development Goals (MDGs).

In the last of three postings on wealth distribution, we ask who benefits from the relentless rise of the rich. Even in the world of high-flying soccer salaries, the deal announced late this summer between Real Madrid and Welsh player Gareth Bale was eye-popping – £85 million (about $120 million). The 24-year-old will now earn…

A new ILO book analyses labour market trends and regulations in various emerging markets and presents a number of policies that can lead to a synergy between economic growth and decent job creation.

MANILA, Philippines – The Philippines will continue to see robust growth in 2013 and 2014 based on strong domestic consumption and an increase in investments, but this expansion has yet to generate new jobs or reduce poverty levels, according to an updated Asian Development Bank (ADB) forecast.

President Barack Obama’s recent comments about income inequality are providing more fuel to the debate over whether the government can really do anything to reduce it, but perhaps the bigger question is: Do voters really want them to?

Inequality—or the gap between the rich and the poor—in the Philippines could be worse as the household-income surveys are probably not that accurate due to “non-response” from rich respondents, the World Bank said.

The Philippines today has a great window of opportunity to deepen reforms that will put the country on an irreversible path towards inclusive growth – one that generates more jobs and reduces extreme poverty. If Filipinos could work together for a broad reform coalition that will commit to continuing the current positive trends on good…

After the recent May elections, one prominent political leader has been singing a different, but not unpleasant, tune.

MANILA, Philippines — The economy is growing, but who’s enjoying it? President Aquino’s financial managers painted a generally rosy picture of the economy as the House of Representatives formally began deliberations Wednesday on the proposed national budget for next year.

The construction business that 47-year-old Alejandro Anareta Jr runs has seen brisk business in recent years, going from eight to 12 people when he first started to about 80 workers now.

A NEW survey from the Money Advice Service finds that more than half of Britons are struggling to pay their bills and service their debts, despite record low interest rates. Meanwhile, the FTSE 100 index is up 16% this year. In the US, median real household incomes rose just 0.1% annually in June (on an…

Geography and Human Development The 2012 Philippine Human Development Report with the theme Geography and Human Development is the 7th in the series of Reports which began in 1994. It focuses on geography as a deep determinant of human development and examines how it is linked to human development outcomes across provinces.

unemployment/underemployment continue to rise even with all the news reports about fresh investments and expansion plans in the country, then there is something wrong with the country’s economic development programs.

Sec. Abad: New expenditure plan a blueprint for inclusive growth A day after President Benigno Aquino III delivered his 4th State of the Nation Address (SONA), Secretary of Budget Florencio “Butch” Abad will be submitting to Congress today the National Expenditure Program for FY 2014—a blueprint of the Aquino Administration’s development agenda to sustain the…

http://www.development.asia/PDF/issue14/devasia14-5.pdf

Everybody’s talking about inclusive growth, but the latest labor and employment data suggest that the breathtaking growth our economy has been achieving lately—the fastest in all of Asia, in fact—is anything but that. The latest quarterly Labor Force Survey (LFS) of the National Statistics Office (NSO) reports that there were actually 21,000 fewer jobs overall…

Farmer Rene Ravalo loads coconuts onto a truck in the Philippines for the 30-minute trip to market on a road built last year. It previously took half a day for a water buffalo to inch the goods down a mountain track.

Poverty level remains unchanged since 2006 – govt survey Poverty level remains unchanged since 2006 – govt survey. A street dwelling couple with their mobile cart-home looks for a place to settle down before nightfall along Sto. Domingo Street in Quezon City on Tuesday. Economic indicators may show the country is getting richer, but the…

To ensure that the country’s rising economy is sustainable and inclusive, the National Economic and Development Authority (NEDA) over the weekend said that the government is updating the Philippine Development Plan: 2011-2016 (PDP).

WHAT USED to be only talked about in hushed tones and academic circles is now generally acknowledged: most of the country’s impressive economic gains have been going to the elite. Former NEDA chief Cielito Habito was reported as having said: “… something is structurally wrong. The oligarchy has too much control of the country’s resources.”…

It is not correct to say that the 40 richest Filipino families own 76 percent of our nation’s gross domestic product (GDP). I have recently been widely misquoted as having said so. What I did say, and had first explained in this space nine months ago (“Economic growth for all,” 6/26/12), was that the growth…

THE PHILIPPINE government is committed to strong, sustainable and inclusive growth. The latter means that the poor should not be left behind in the development process. Since the government does not collect annual poverty incidence data, the measure that comes nearest to individual welfare is employment. A decent job gives an individual a more than…