Friday, 27 July 2012

RH could derail Philippine economy, says Wall Street Journal

MANILA, July 25, 2012–The renewed push for the controversial “reproductive health” (RH) bill could derail the country’s economic growth, which hinges on consumption and a growing working population, the prestigious Wall Street Journal has warned.

In the opinion piece titled “Keeping the Philippine Dream Alive,” the global business daily praised the economic gains of the Aquino administration but cautioned against an anti-population growth mindset.

“The Philippines doesn’t have too many people, it has too few pro-growth policies,” the Wall Street Journal said.

“[Mr. Aquino’s] promotion of a ‘reproductive health’ bill is jarring because it would put the Philippines in danger of following China’s path into middle-income development followed by a demographic trap of too few workers,” it said. “Overall, however, there is a sense that Mr. Aquino is on the right track, and that impression is the country’s biggest asset at the moment.”

Read "Keeping the Philippine Dream Alive" at the WSJ.

1 comment:

  1. puwede po bang ma-screenshot yung wallstreet statement concerning sa article mo? kasi po kinakailangan po kasi na mag-subscribe with credit card bago makapagbasa eh..please, if ok lang...salamat...God bless