Bernardo M. Villegas
 
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China`s Slowdown and Philippine Growth (Part 1)

            Various economic sectors are worried that the ongoing slowdown of the Chinese economy may negatively impact on them.  Add to this dampener on global economic growth of the very low oil prices.  How will these global developments affect Philippine economic prospects as the Philippines moves to a new political era under the newly elected Administration that will be in place by June 30, 2016?             First, let us understand what is happening to the Chinese economy. As explained by a top Spanish economist from the IESE Business School, Juan Jose Toribio, in the January 2016 International Economic Overview of IESE, the 2008-2009 global financial meltdown triggered a collapse in global demand and a considerable contraction in the exports on which China’s spectacular economic development had grown to depend. The reaction of the Chinese government was to focus instead on the construction of massive infrastructure and real estate projects, as well as maintaining, at all cost, the levels of investment of state-owned enterprises (SOEs).  All these were financed by massive flows of credit provided by both the official and shadow banking institutions. 

   Featured Books
POSITIVE DIMENSIONS OF POPULATION GROWTH

       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
Inside Business: Critique on RH Bill

ANC Interview by Coco Alcuaz regarding the RH bill and the Philippine economy.