Next admin's economic policy should focus on productivity

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Next admin's economic policy should focus on productivity
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OUR EDITORIAL: Next admin's economic policy should focus on productivity

THE next president of the Philippines will, among other things, be tasked with setting the overall tone and direction of economic policy for the next six years. That responsibility should be viewed as an opportunity to undo the decades of wrongheaded, 'market-driven' economic philosophy that has caused the Philippine economy to lag behind many of its peers.

Financialization manifests itself in various ways on both government and private sector sides. In government, it is characterized by a drive toward increased privatization, protectionism and in economic management, prioritization of factors such as debt and deficits.

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