Thanks to my friend and professional colleague, Dr. Raul Fabella of the U.P.School of Economics, I have found the perfect phrase to refer to the economic provisions in the Philippine Constitution that unreasonably restrict Foreign Direct Investments into the Philippines. I am referring to the provision prohibiting foreigners from owning land in the Philippines. I am referring to all the equity restrictions in public utilities, the exploitation of natural resources, education and mass media.
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.
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