in the Philippines, Sen. Ralph Recto, a major supporter of VAT in the early 2000s, was voted out when he ran for re-election for introducing VAT. But a few years after it was introduced, the public eventually accepted the tax. Sen. Ralph Recto eventually ...
Globalization is grounded in the theory of comparative advantage which states that countries that are good at producing a particular good are better off exporting it to countries that are less efficient at producing that good. Conversely, the latter country can then export the goods that it produce...
Scale and Time: The most obvious problem is that infrastructure projects are built on a very large scale. Hence they require a lot of investment. A lot of these projects are not viable when they are started. However, once they are built they do become economically viable. In fact, they ...
importantindeveloping Asiabecauseofthelargeshareofriceineconomicoutput.Apolicyofpurepricestabilization forrice,withoutconsistentprotection(eithersubsidizationortaxation),canhelptocreatethe macroeconomicstabilitythatisessentialforsustainedrapideconomicgrowthbyincreasing thequantityandefficiencyofinvestmentthroughoutthe...
The Philippines was characterized by the greatest volatility of the trends, but downward trends prevailed there. In Africa, the share of foreign value added in gross exports of agriculture, hunting, forestry and fishing increased in the years 1995–2010 (in the case of South Africa until 2015)...