Indonesia and the Philippines compared
At the advent of our respective political independence, we were economically far ahead of Indonesia. By the mid-1980s, they have outstripped our economic performance. We should really have done much better than they.
Provate sector 1946-1950: Who got war damage compensation?
The payment of war damage compensation to private parties formed the bulk of the US appropriations to implement the Philippine rehabilitation act of 1946.
Manuel A. Roxas, transition and rehabilitation president
The first major task of the new president was to put in place a program of economic reconstruction and growth. The country had practically no financial resources of substance to work with to undertake that reconstruction.
What’s up (actually down) with exports?
The longer term issue is whether a country with such a palpable disinterest in exports can long sustain a high level of growth.
Yes, the Chinese loans are onerous
Don’t roll your eyes just yet, Reader. This week a “controversy” arose between Senior Associate Justice Antonio Carpio and presidential spokesperson Sal Panelo. The DOF then joined in to “clarify” the issues.
