Here's Why The Philippines' Economic Miracle Is Really A Bubble In Disguise

[joebloggs]

http://www.forbes.com/sites/jessecolombo/2013/11/21/heres-why-the-philippines-economic-miracle-is-really-a-bubble-in-disguise/

[Terpe]

I read the article.
I see a lot of stats and assumptions that I can agree with and others that I don't.

The Philippines economy is significantly different to other in Asia, but I do agree that without improvements in productive jobs/employment and without improvements in manufacturing and agriculture the economy will always be fragile.

The article does make one link that is all important and that is with China.
However, if as the author suggests, China 'pops' then it's not only Philippines that will suffer...most of the world will also change.

I'm also not sure just how much longer the OFW inflows will continue at current levels.

I read somewhere that the latest 'Call Centre' / BPO location is Bulgaria .......let's see what 2014 brings on that one....

Very interesting write-up .......thanks Joe

[joebloggs]

:xxgrinning--00xx3: oh, no time to reply again, back to work :cwm24: