May 21, 2012
Is the Philippines Finally Rebounding?
Philip Bowring, Asia Sentinel
Is the Philippines destined to become an Asian economic growth leader, matching China, India and Vietnam? Is it really possible that a nation which has been a laggard for so long can soon be growing about double its average for the past 30 years? Is it possible for a developing country to take off on the back of its services sector rather than the normal routes of labor-intensive manufacturing or resource extraction?