Inclusive growth

MANILA – Optimism is soaring that the Philippines is finally becoming an Asian tiger economy, but critics caution a tiny elite that has long dominated is amassing most of the new wealth while the poor miss out.

What’s wrong with PH strategy? Those who are seeking genuine answers would do well to read a couple of books written by the late woman economist from MIT (Massachusetts Institute of Technology), Alice H. Amsden.

One of the never-ending criticisms of the country’s recent economic performance is that it was a “jobless growth” or “elitist growth.” The people who say this refer to the lack of sufficient jobs created in the economy and hence point to further social inequality.

There is no excerpt because this is a protected post.

INCLUSIVE growth can be achieved if economic expansion is kept at the same pace in the next 10 years. However, the private sector can push this faster if it practices “inclusive business,” a government official said.

VATICAN CITY — Pope Benedict XVI urged world leaders on Monday to try to reduce the growing gap between the rich and the poor in regions such as Europe as they reform their economies.

THE PHILIPPINE economy has to grow vigorously and on a sustained basis by 7 to 8% for a decade in order to make a difference in the lives of poor Filipinos. But it is important that all cylinders should be firing simultaneously — agriculture, construction, manufacturing, mining, housing, and other service sectors. Yet, agriculture is…

COMPANIES should practice “inclusive business” to help the Philippine government’s push for inclusive growth, speakers urged in a conference at the Asian Development Bank (ADB) headquarters yesterday.

A COMPARISON of growth numbers with key social indicators suggests that the quality of economic growth in the Philippines has been hollow and shallow. While the economy grew 6.1% in the first half of 2012, unemployment and underemployment rose while hunger incidence deepened. For those who were left behind in the growth process, the better-than-expected…

THE Philippines expects to receive continued support from the World Bank (WB) for priority programs and projects in the next three years after the institution reaffirmed its commitment to the country’s development strategy during a programming discussion held at the office of the National Economic and Development Authority (NEDA).