Read Online Momentum: Economic Reforms for Sustaining Growth DOC
Momentum is a collection of essays by the Philippines prominent economists, National Scientist Dr. Raul Fabella, Dr. Emmanuel de Dios, former Finance Undersecretary Romeo Bernardo, political economist Calixto Chikiamco, and the late former Philippine Socio-Economic Cayetano Paderanga, Jr.As the book’s Preface says: “ The columns were written at a time when the Philippines began modestly enjoying higher economic growth for a good number of years. Recurring cycles of boom and bust, when rapid expansion was followed by a crippling showdown, seems to have dissipated. Hence, the book’s quite optimistic title, Momentum: Economic Reforms for Sustaining Growth.”“Most of the columns convey the author’s observations and suggestions to help the country overcome big and small obstacles hampering faster and more equitable growth after it has achieved long-term stability. They outline the next generation of reforms necessary for the Philippines to meet its ambition to become a high-income country like South Korea and Singapore in the next two decades.”“Past reform efforts were carried out in desperate times as the country sought to avert, or recover from, fiscal or foreign exchange emergencies. Making the case for reforms amid relatively benign economic conditions is more intellectually demanding, and it’s what makes the columns in this collection such great reads. Apart from providing sound economic rationale for the proposed reforms, the authors also argue for options that are politically and administratively feasible given the government’s current strengths and abundant weaknesses.”For those who want to understand current Philippine economics and political economy, this book is a must read.
