03 September 2011

Philippine Capitalism with Chinese Characteristics

Big foreign capital is giving the Aquinos and the Philippines a second chance. During Cory's time, the Philippines missed out on Japanese investment under the Plaza Accord. This time around, PNoy must make sure that we 'strategically' get a share of Chinese investment. In the remaining five years of PNoy, the old capitalist triangle of US-EU-Japan will remain in crisis so he can't afford not to engage with China.

The problem, however, is that we cannot figure out the envisioned direction of PNoy for a Philippine capitalism with Chinese characteristics.

Enough of numerical 'targets'; we need concrete plans, vision, and implementation!

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