Is our economic system inclusive, equitable?

Fernando Fajardo 05/17/2018

Our economy is a mixed economic system. Here, both government and the private sector participate in the provision of what we need or want. When there is profit, business go in the production of goods and services…

Rationing to reduce traffic congestion

Fernando Fajardo 05/10/2018

Despite the Cebu Capitol Social Hall being awash with participants to the Traffic Summit held last Wednesday, we were not having trouble breathing. We were not gasping for air. This proves that if there were enough supply…

Development progeria

Fernando Fajardo 05/03/2018

Progeria is a rare genetic condition that causes a child’s body to age fast. When a poor country displays the economic structure of a rich and mature economy it is said to be suffering from development progeria.…

What is your problem, Cebu?

Fernando Fajardo 04/05/2018

Cebu is now drowning from traffic congestion and garbage that even if collected are not sent to what can be acceptably called a sanitary landfill. Many related problems exist too, like the noise and air and water…

Why change our system of government?

Fernando Fajardo 03/01/2018

In the declaration of independence of the 13 former colonies in the US to free themselves from the shackles of their masters far away in the British Isles, Thomas Jefferson wrote, “We hold these truths to be…

Thank you Cebu Daily News, Eileen and Thea

Fernando Fajardo 02/08/2018

Sometime in 1998, two ladies from the media circle, Eileen Mangubat and Thea Riñen, came to see me in my new office. Before that in 1994, I had already resigned from NEDA Region 7 to avail of…

The intended and unintended effects of Train

Fernando Fajardo 02/01/2018

The government has four major functions or objectives in the economy. One is to promote efficiency in the allocation of the nation’s scarce resources to their best and highest use. Second is to promote equity in the…

Philippine 2017 economic performance and where we are now

Fernando Fajardo 01/25/2018

Our Gross Domestic Product (GDP) posted a 6.6 percent growth in the fourth quarter of 2017. With the GDP growing by 6.4 percent in the first quarter, 6.7 percent in the second quarter and the adjusted 7.0…

The importance of health in the economy

Fernando Fajardo 01/11/2018

There’s a well-understood correlation that as the economy of a country improves, so the health of its citizens improves. What may be less obvious is that the opposite is also true — improving the health of a…

Understanding economic integration

Fernando Fajardo 11/16/2017

The 50th Asean Summit had just been concluded in Manila. It turns out that much of the news that came out of the summit were not so much about the substance of the talks that transpired in…