Five Fail-proof Engines Of Philippine Economic Growth (And One Big Roadblock)

Some country in Asia is always growing crazily on factory investment and a strong consumer base. Then when the West gets to idolizing it, the place slips. Japan is just now testing emergence from 20 years of sloth after a roaring 1980s that worried competitive Americans. China’s growth is slowing year by year to what the Beijing government calls a “new norm.” Vietnam goes on and off the watch list. Now comes the Philippines, an icon of consumption-crazed Southeast Asia where wages are low ...