I have lately been asking fellow economists and other friends what they think to be the three most critical impediments to achieving high and inclusive (broadly beneficial) economic growth in the Philippines. The runaway winner in my little survey has been the new big, bad G word (no, not globalization; that was the old one): Governancemore precisely, bad governance. One friend was more precise and emphatic about it: His three answers were corruption, corruption and corruption! This tells...
Full Story: Inquirer
