In his campaign, the President admitted his lack of knowledge in economics. Nevertheless, the President in his 2016 State of the Nation Address (SONA) stated his vision and strategy for the country’s development this way: To…
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…
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…
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…
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…
Federalism is a system of government in which power is divided between a central authority and a constituent political unit. In this case, the federal or national government is the central authority while the constituent political unit…
I spent the last two days in Dalaguete to remember and be near with Ale for the All Saints Day and All Souls Day respite. I had not much income from my first job as economics instructor…
Development used to be measured in terms of the size of the country’s national output or Gross Domestic Product and its per capita equivalent. Now the preferred measure of development is seen in terms of the reduction…
Last Wednesday, I took my lunch at Robinson’s Fuente Osmeña Food Court. My main purpose was to eat chopsuey. All vegetables and no meat. That’s all I ordered. No rice either. For my health. I took the…
As we started the new administration, there had been some glee when the president mentioned in his first State of the Nation Address that he would continue the macroeconomic economic policies of the previous administration. To recall,…
In his work on “What is International Political Economy,” Michael Vesseth said that the theory of hegemonic stability was arguably one of the most important contributions to Cold War international relations theory. Developed by Charles P. Kindleberger…
The country’s poverty incidence declined significantly to 21.6% in 2015 of our population from 25.2% in 2012, and 26.3% in 2009 as reported by the Philippine Statistic Authority last October 27, 2016. The 2015 poverty incidence is…
