The Joint Foreign Chambers (JFC) recently launched a paper called “Impact of the Global Economic Crisis on the Philippines; Preparing to Rebuild Foreign Investment Flows†and outlined eight components of recommended strategy growth.
The Philippines --- for more than a century --- has looked east, because at the end of the rainbow was the American Dream, the United States of America. More than 2.5 million Filipinos have settled in the US. The US has become the largest trading partner and the Philippines inherited the American political and legal system.
Despite the general belief that the Philippines will largely be spared from the effects of the global economic crisis, I prepared a list of things (not in order of importance) that would be good to have in 2009 just in case the prevailing optimism is hit by realism.
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