I was stunned and smile after i saw the video below from Reuters regarding the Philippines as one of the new “Breakout Nations” per analysis of the Morgan Stanley Investment Management.
“Breakout Nations” are countries that could sustain fast growth. Compared to other countries the TIP(Turkey, Indonesia, Philippines) have reasonable expectations from investors.
The only thing that TIP should do is to increase its per capita income or the income per person which is calculated by the quotient between the gross national income or the gross domestic product and the total population.
Indonesia and the Philippines have to increase by 5% its per capita income by 2017 to achieve the world’s GDP per capita of $5,000 (P215,000). This could be achieved by increasing our GDP while having an aggressive population control program.
Here’s a chart for the Philippines published in CNN’s Eye On quoting the data from the World Bank and CIA Fact Book.
Good luck to us and Mabuhay Philippines… Let’s have morefuninthePhilippines!
