By BENJIE OLIVEROS Bulatlat perspective The Philippines recently moved up seven notches from 59th to 52nd out of 144 countries in the ranking of the World Economic Forum (WEF) for “global competitiveness.” Malacañang hailed it as a major achievement and a gauge of the success of its ‘good governance’ thrust. Finance Secretary Cesar Purisima said…
Ibon on WEF: ‘Asia’s Next Miracle’ tag just hype to lure foreign business, worsen exclusionary growth
Amid the slow recovery in many developed countries, foreign corporations are looking at potential markets where they could direct their excess capital in speculative areas and take advantage of opportunities to profit.
The so-called tiger economy of the Philippines has never trickled down to the poorest Filipino communities, most of which can be found in climate-sensitive and disaster prone areas still vastly vulnerable and unprepared for their impact.” – Kalikasan PNE