Sharma said an economic surge may happen if PH rightfully manages its vast resources–having the world’s fifth-richest in natural resources such as oil, copper, nickel, gold, and silver.
Surprisingly, for Sharma, PH’s booming population is not a disadvantage. In fact, he claims that the high population is a “big economic plus” because “the concentration of people and business drives growth.”
He also mentioned Pinoys’ ability to speak English, leading the country to becoming the best choice of business process outsourcing-a $9 billion industry employing 350,000 people.
“It could be made to happen, if the third Aquino can get the people-power revolution right,” Sharma said in his book.
Philippines May Soon Join “Tiger Economies”
Posted in: The Economic Perspective