Bernardo M. Villegas
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Demographic Dividend of the Philippines (Part 1)

              As the whole world faces another economic crisis, with oil and other commodities’ prices reaching record highs, the Philippine economy will be one of the least affected in the Indo-Pacific region, thanks to its huge domestic market which in turn can be attributed to its young and growing population which in 2022 has been estimated by the Philippine Statistical Authority (PSA) to be at 112,037,584, and still growing at an annual rate of 1.36%.  The median age is 23.5 meaning that 50% of the population are less than 23.5 years, with the male median age at 23.1 and female a little older at 24.  There are 72 million Filipinos who are over 18 years of age.  The fertility rate is already at replacement at 2.1 babies per fertile women but the population is still expected to grow in the coming fifty years to reach 153 million in 2075 by which time it will start to decline, if at all. As we shall see in this series of article, it will depend on whether or not the present generation of parents will do whatever is necessary to show to the millennials the joys of family life, counteracting the trends of practically all developed countries that encourage contraception and even abortion, leading to very low fertility rates.

   Featured Books

       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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Dr. Bernie Villegas at the Asia CEO Forum 2020

Watch Dr. Bernie Villegas tells the economic future of the nation at the Asia CEO Forum 2020!   LINK: