Annual Growth of 6.5-8% until 2028: How?
THE KEY outcomes of President Bongbong Marcos’ Philippine Development Plan 2023–2028—to increase income per capita, reduce poverty, and create employment—rest on a necessary condition: to attain a 6.5-8% annual growth rate through 2023 to 2028. If achieved, the Philippines would resemble its East As...
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| Format: | text |
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Animo Repository
2023
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| Online Access: | https://animorepository.dlsu.edu.ph/res_aki/93 https://animorepository.dlsu.edu.ph/context/res_aki/article/1085/viewcontent/DLSU_AKI_Policy_Brief_2023_06_003.pdf |
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| Institution: | De La Salle University |
| Summary: | THE KEY outcomes of President Bongbong Marcos’ Philippine Development Plan 2023–2028—to increase income per capita, reduce poverty, and create employment—rest on a necessary condition: to attain a 6.5-8% annual growth rate through 2023 to 2028. If achieved, the Philippines would resemble its East Asian neighbors, which attained similarly high growth rates decades ago. This is much needed given the still low wages and per capita income of the country. Yet, this “target” poses several questions. |
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