RAPPLER.COM - CALIXTO V. CHIKIAMCO - Lessons from history for Pres Aquino
- The lesson is clear: If President Aquino wants sustained investments growth, he has to TAKE ON THE OLIGARCHS and OPEN THE COUNTRY TO MORE COMPETITION. He has to remove the constitutional restrictions on more foreign investment and competition. As for the exchange rate issue, he should also learn from the mistake of former President Ramos who DISREGARDED sound economic advice and allowed the BSP to make the PESO "OVERVALUED."
- The lesson is clear: If President Aquino wants sustained investments growth, he has to TAKE ON THE OLIGARCHS and OPEN THE COUNTRY TO MORE COMPETITION. He has to remove the constitutional restrictions on more foreign investment and competition. As for the exchange rate issue, he should also learn from the mistake of former President Ramos who DISREGARDED sound economic advice and allowed the BSP to make the PESO "OVERVALUED."
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