Dr. Villegas reveals PH’s brightest prospects

Dr. Villegas reveals PH’s brightest prospects

by UA&P News Desk on August 14, 2012 - 6:29 pm

“Brightest prospects for PHL seen in the next 10-15 years” by Ehda M. Dagooc (The Freeman) from The Philippine Star

CEBU, Philippines – The Philippines is yet to face its brightest prospects in the next 10 to 15 years, this according to economist Bernardo Villegas of the University of Asia and the Pacific (UA&P) confirming what economic experts in the world have been projecting for the Philippines. HSBC for one, he said has named the Philippines to be the 16th largest economy in 2050 based on Wider World in 2050 report.

“We will see a different Philippines in terms of growth in the next 10 to 20 years,” said Villegas.

What the Philippines has achieved right now, and where it will go economically has been the result of the positive contributions of the past Presidents, including what the Pnoy government is building at present.

Former president like Corazon Aquino, provided the restoration of democracy, which is now best in Asia, even better than Singapore. Past President Fidel Ramos, introduced the de-regulation and liberalization laws, wherein everybody is now enjoying its benefits through competitive telecommunciation services, and ultimately paved the way to the growth of Business Process Outsourcing (BPO).

The actor President Joseph Estrada, despite the series of controversies during his administration, has also contributed a good development in agriculture, which built the farm-to-market road infrastructure in the country.

Meanwhile, former President Gloria Macapagal-Arroyo also established the Philippine Nautical Highway, the NLEX, and road network infrastructure all throughout the Philippines.

Read full story on PhilStar.com »

Bookmark and Share

Share this page: