About Per SE

Commentary and research on current events and public policy by economists from the University of the Philippines
Monthly archive August 2012

The financial crisis, oil price hike, the Arab Spring and foreign demand for Filipino workers

The paper inquires into the impact of contemporary major world events – the recession in the United States and Western Europe, the oil price hike, and the Arab Spring – on the flow of overseas Filipino workers or OFWs and their remittances.

Sports and national development

The world's sporting attention this time of year is focused on the London Olympics 2012. The summer games come in four year cycles. For many athletes and national sports associations comprising a variety of sporting events, the Olympics are a culmination of years of preparation for the altar of competition.


First there was the Goldman Sachs (GS) paper, circa 2005, that included the Philippines among the so-called Next Eleven (N-11), referring to the 11 countries that had a high potential to give the G7 a run for their money, in terms of dominating the world economy in the 21stcentury. Then at the beginning of this...

Why PPP?

People have been wondering why there has been so much emphasis on public-private partnership (PPP). Given the total investment (or even just the infrastructure) needs of the economy, the enthusiasm seems out of proportion to the total amount of projects that may be expected from the program.

In contravention of letter and spirit of Charter

Pardon the language, but the Supreme Court decision suspending the immediate execution of its July 17 ruling allowing only one member of the legislature in the Judicial and Bar Council is a “bakla” decision, or worse— “worse” being that the impeachment and conviction of Chief Justice Renato Corona has had a very chilling effect on...

Thailand’s minimum wage

There are many economic lessons we can learn from other countries. Thailand’s labor market policies present themselves as having grown toward greater maturity as economic development and sustained progress brought greater social and economic security for its citizens.

Responsible augmentation of appropriations

At the current speed of disbursement by the Executive Department, there is a high likelihood that the Executive Department faces delays in project implementation despite the early approval of the budget by Congress. This is unfortunate.

Executive action needed

The national government has to complement, through bold executive actions, the decision of the monetary authorities to cut interest rates to 3.75%. The monetary authorities’ move was designed to address the threat of a surge in capital flows which could lead to sharper peso appreciation which, in turn, could slow economic growth.