Bernardo M. Villegas
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Restaurant Business as Sunrise Sector

           The consumption-led GDP growth of 6 to 7 percent can be sustained by the Duterte Administration on the bases of OFW remittances, IT-BPO earnings, significant increases in infrastructure spending on the part of the Duterte Government and a more aggressive implementation of the Public Private Partnership (PPP) projects that languished during the last Administration.  These primary engines of growth have their multiplier effects on domestic tourism which now counts on some 40 million Filipinos discovering the many tourism destinations in their own country; the thousands of condominium and residential units being sold; and the increasing demand for office space by the BPO enterprises.  All the incomes generated by these sunrise sectors are benefiting first and foremost the Four F’s of a consumer economy:  Food, Fashion, Furnishings and Fun. 

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       The historical trends, empirical findings, and policy updates are discussed in detail in the essays compiled in this book. The most convincing argument that supports the thesis of the book, i.e. that population growth is a poitive factor in attaining sustainable human development, is found in the foreword to the book, which is adopted from an article written by Mr. Roberto de Ocampo, former Finance Secretary of the Philippines and multi-awarded finance official in Asia. Thanks to the continuing growth of the Philippines population, Filipinos are in more than 100 countries all over the world, contributing much-needed foreign echange and purchasing power to the Philippine economy and fostering the human and spiritual development of the most diverse of peoples and cultures on this planet.

   Featured Video
Antigua Forum Interviews 2012

 An interview with Dr. Villegas about the PH economy in Antigua Forum, Universidad Francisco Marroquín, last January 2012. See Link: