We're expected to be tied with Russia in 18th place by 2050 πŸ‘

β€œBesides the two emerging market giants(#China & #India) , we are particularly optimistic about #Bangladesh, #Indonesia, #Vietnam and the #Philippines, all of which have growing #populations and are rapidly developing high value-added sectors, such as #manufacturing,” BMI said. #EconomicGrowth #Economy #TootSEA

#PHEconomy to become 18th biggest by mid-century | Inquirer Business
https://business.inquirer.net/406613/ph-economy-to-rank-18th-by-mid-century?utm_source=gallery&utm_medium=direct

PH economy to become 18th biggest by mid-century

MANILA  -The Philippines could join the world’s 20 biggest economies in terms of value in less than three decades thanks to its large population and fast-improving industries like manufacturing,

INQUIRER.net

The PH Congress is pushing for charter change to further remove economic restrictions. But the Ibon Foundation points out that foreign direct investments (FDI) doesn't necessarily improve the economy or benefit ordinary Filipinos.

#ChaCha #CharterChange #PHEconomy

https://www.ibon.org/fdi-ph-econ-chacha/

Foreign investment hasn't done much to develop the Philippine economy

Foreign investment can play a role in development but, clearly, not under the free market-oriented policy framework the government has been insisting on since the Marcos dictatorship.

IBON Foundation