CROSSROADS (Toward Philippine Economic and Social Progress)
Money, fiscal and private debt and prices
by Gerardo P. Sicat - August 12, 2020 - 12:00am
The COVID-19 lockdown in Luzon was a major economic disruption. It created logistical nightmares that dislocated the ordinary patterns of consumption and production activities in the economy.
‘Limits of fiscal capacity: COVID-19 lockdown, recession and recovery’
by Gerardo P. Sicat - August 5, 2020 - 12:00am
In general, undertaking a successful recovery is made more difficult by the burden of a large population. Since it is obligatory to support a country’s human base, the margin for improving development outcomes...
Speed up the CREATE reform
by Gerardo P. Sicat - June 12, 2020 - 12:00am
Many of the current pressing measures of the government are designed to help sectors of the economy badly affected by the COVID-19 lockdown improve and recover from losses.
Some winners from the COVID-19 lockdown
by Gerardo P. Sicat - June 3, 2020 - 12:00am
The previous column discussed the direct and indirect consequences of the coronavirus diseases 2019 or COVID-19 recession.
Direct and indirect effects on households and businesses
by Gerardo P. Sicat - May 20, 2020 - 12:00am
The effects on individuals, households and businesses of the COVID-19 recession is reflected on what happens to their incomes and expenditures.
Economic responses to COVID-19 recession differ among countries (Continued from last week)
by Gerardo P. Sicat - May 6, 2020 - 12:00am
Countries differ in the flexibility of their economic structures and the level of their development.
Economic recovery with long term objectives intact
by Gerardo P. Sicat - April 29, 2020 - 12:00am
The program of economic recovery that sustains the country’s long term economic directions is the challenge confronting us now . It is easy to fall into the trap of fulfilling only ameliorative intention.
Easter 2020 and of years past
by Gerardo P. Sicat - April 15, 2020 - 12:00am
The two most important dates of Christendom are Easter and Christmas. In the history of Christianity, these two dates remind us of spiritual birth and resurrection.
How the industrial import substitution policy became more entrenched – The Magsaysay years
by Gerardo P. Sicat - November 13, 2019 - 12:00am
When Ramon Magsaysay was elected president in 1954, the country was already in the midst of import and exchange controls.
The transnational education law – a response to globalization
by Gerardo P. Sicat - October 2, 2019 - 12:00am
Foreign institutions of higher education are now allowed to set up educational services in partnerships with local universities in the country under the Transnational Higher Education Act (Republic Act 1148).
GDP growth 2019 – factors to consider
by Gerardo P. Sicat - August 14, 2019 - 12:00am
Last week, the national income estimates for the first semester were released. The growth rate of output or GDP was 5.5 percent based on year-on-year estimates.
Employment and activity in the informal economy
by Gerardo P. Sicat - August 7, 2019 - 12:00am
In last week’s column, I wrote about the inability of many workers to find employment in the modern (otherwise often called, “organized” or “formal”) economy where the good jobs are...
Veto of the SOT: Promoting good jobs in the modern sector
by Gerardo P. Sicat - July 31, 2019 - 12:00am
President Duterte vetoed the “security of tenure” (SOT) bill, bravely and for good reasons last week.
Toward an investment-driven growth
by Gerardo P. Sicat - July 24, 2019 - 12:00am
Instead of commenting on the President’s fourth State of the Nation Address (SONA) delivered yesterday, I will discuss the Philippine economy’s long-term performance.
Winners from US-China trade war
by Gerardo P. Sicat - July 17, 2019 - 12:00am
As the stakes of the US-China trade war become tougher for both countries, there are developments that inevitably impact other countries.
Labor market – more employment or more rigidity?
by Gerardo P. Sicat - July 10, 2019 - 12:00am
The issue of endo is still with us. Today it is in the form of a bill in Congress that is awaiting passage. The Department of Labor and Employment (DOLE) endorses its passage.
A successful case of Phl agriculture
by Gerardo P. Sicat - July 3, 2019 - 12:00am
An obscure event that recognizes a foreigner in a recent university commencement exercise sets me to think about a brighter future for Philippine agriculture.
Philippines economy: The Goldilocks scenario
by Gerardo P. Sicat - June 26, 2019 - 12:00am
Speaking before the Wallace Business Forum recently, BSP Governor Benjamin Diokno said that the Philippine economy is in the Goldilocks phase.
India’s economic growth and the Philippines compared
by Gerardo P. Sicat - June 19, 2019 - 12:00am
Comparisons with other countries enable us to see ourselves in a fresh light. We get to understand and appreciate our problems and strengths in perspective.
Mexico and the Philippines: Economic relations with the US compared
by Gerardo P. Sicat - June 5, 2019 - 12:00am
This week, Mexico was brought again into the trade wars of President Donald Trump.
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