Be updated on our latest insights

AT present, the local government units (LGUs), with their Internal Revenue Allotments (IRA), are hardly mobilized to get directly involved in economic development.

THERE is a common acknowledgement that the quality of our education system is quite low. This observation, without doubt, has been validated by the poor results of the performance of our students in periodic international assessments of achieved learning.

INVESTMENTS and in the case of the Philippines, foreign investments, is a big factor in driving economic growth. Unfortunately, for the past many years, the country has been behind most of our neighbor countries in attracting foreign investments. This low performance is a major reason why the Philippines has lagged behind most of the Association of Southeast Asian Nations members in historical economic growth. We simply have not been competitive.

SINCE about five decades ago, the Philippine economy has gone on what appears to be an irreversible downward spiral in comparison with our now nine Association of Southeast Asian Nations (Asean) neighbors. As shown in a World Bank report, in 2020, the Philippines ranked No. 6 in per capita income (gross domestic product) at almost $3,000. Vietnam appears to be catching up on us soon, making us No. 7 and just ahead of Laos, Myanmar and Cambodia. We used to be No. 1.

IMPROVING Philippine agriculture, which includes fishery and forestry products, has been a persistent major issue since much of the 20th century. Unfortunately, we continue to struggle to come to grips with it.

THE Philippines is probably one of the very few countries in the world that does not speak a primary language on a national scale. This situation, unfortunately, has grave disadvantages, more directly in political and educational development and, hence, ultimately in economic development.

A HEART breaking face of poverty is the present day preponderance of undernutrition of Filipino young children.

THE present widespread presence of homeless and informal settlers in our society is another tormenting face of dehumanizing poverty in our country. Improving their current condition clearly needs direct government intervention. Otherwise, this problem will persist for a long time. The normal course of events cannot make it disappear or even mitigate it to any reasonable extent.