Comment on Rappler's report:
Well, this validates my thesis that PNoy's economic growth strategy is basically "neoliberalization a la Gloria with good governance"....
Our nation's economic activities are still very much Gloria! Part of this strategy is the PNoy's economic team's discursive utilization of "poverty", "the poor", "traffic", "anti-corruption", "Filipinos", "OFWs", etc. as "investment opportunities" for businesses. See, for example, this PNoy government's video to encourage foreign investments through media advertising spin and realize how depressed investment opportunities are in the country with the absence of a vibrant industrial sector with local technological capabilities:
Expect growth rate to be high again for 2013 as government spending increases due to the elections. But the productive sector of the economy will remain stagnant — amid the continuing Atlantic economic crisis, conflict with China, appreciation of the peso, etc. —and this includes not only the usual stunted manufacturing industries, but also in agriculture underdevelopment. We have yet to see the political will and resolve of landowning Aquino-Cojuangco families in enforcing genuine land reform as well as the decades-long struggle of coconut farmers for their rightful claims over the coco levy funds before any promises and plans on agricultural modernization can proceed.
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