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By: Cielito F. Habito, PhD
I ended last week’s article on the question of whether the quality of our economy’s growth is really getting better, in light of the good news on jobs from the April 2014 Labor Force Survey (LFS) reported by the Philippine Statistics Authority. I withheld a verdict because the July jobs data were due shortly but not yet out then. They are now, and the


By: Fernando T. Aldaba, PhD
Globalization and Locational Competition
Globalization and regionalization are current buzzwords in the path towards development of many countries of the world.   Today, citizens all over the world seem to live in a “Global village”, especially with the great ease of transportation and communication and the internationalization of trade


By: Cielito F. Habito, PhD
Finally, we got some good news on the jobs front with the latest jobs statistics coming out of the April 2014 quarterly Labor Force Survey. I say “finally” because in my usual “PiTiK test” on the economy—tracking Presyo (prices), Trabaho (jobs) and Kita (incomes)—it is in jobs where the last four years (under the Aquino administration) had failed to


By: Luis F. Dumlao, PhD

Recently, some quarters in Congress either in the House of Representatives or the Senate raised the idea of lowering individual income tax rates for certain brackets largely for good reason. The figure below shows the income tax rates for the ASEAN-5 members. The range shown starts at P53 thousand which is the lowest annual income of a minimum wage earner in the


By: Cielito F. Habito, PhD
I’m often asked what needs to be done for our country to achieve inclusive growth, or economic growth with widest participation and whose attendant benefits are felt by all. We all know our economy has lately been growing faster than most in the region, but having that growth come from a broader base and uplift the lives of the least endowed among us


By: Cielito F. Habito
“Our Constitution mandates government to ensure that the market is fair for all—no monopolies, no cartels that kill competition,” declared President Aquino in his first State of the Nation Address (Sona) on July 26, 2010. “We need an Antitrust Law that will give life to these principles, and give small- and medium-scale enterprises (SMEs) the chance to


By: Edsel L. Beja, Jr., PhD

There is no doubt that the Philippine economy has been achieving high growth rates in recent years. My economics colleagues at Ateneo de Manila University have just released their forecast for the country at 6.2-6.4% in 2014 and about 7.0% in 2015. Others have announced different but still impressive growth rates. This economic dynamism appears sustainable in


By: Cielito F. Habito, PhD
“A successful city is one where people prefer to take public transport,” fellow Inquirer columnist Peter Wallace wrote me in reaction to my “Traffic dilemmas” article last week. I ended that piece arguing that to ease city traffic, there is no substitute to actual reduction in inefficient automobile usage in city streets. But we first need to do a good


By: Fernando T. Aldaba, PhD
Nine years ago I wrote a short article on why our savings rate was low compared with that of our Southeast Asian neighbors, like Thailand, Malaysia, Indonesia and Singapore. During that time, our gross domestic savings, as a percentage of gross domestic product (GDP), was 15.9 percent, compared with Indonesia’s 27.5 percent, Thailand’s 29.5 percent,


By: Cielito F. Habito, PhD
The issue of traffic congestion in Metro Manila’s streets has again assumed prominence in recent weeks, with seemingly contradictory moves from government and similarly contradictory sentiments coming from various sectors. Consider the following:
1. Industrialists, traders and various other actors in the trade supply chain see Mayor Joseph