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Philippine Economy

Philippines' Shallow Capitalism: Westernization Without Prosperity

Richard Javad Heydarian | Posted 03.14.2015 | Business
Richard Javad Heydarian

The Philippines, shaped by its colonial legacy, has emulated Western lifestyles and urban architectures It is time for the Filipino elite to rediscover the true meaning of modernity, democracy, and progress. And for the wider population to fight for genuine prosperity.

Philippines Electricity Crisis: How Regulatory Capture Undermines Emerging Markets

Richard Javad Heydarian | Posted 02.22.2014 | World
Richard Javad Heydarian

The Philippines is paying the price for decades of mindless privatization, which has done more to reinforce the oligarchic hold on the Philippine economy rather than unleash the dynamic energies of the private sector.

Investment Grade Philippines: Bouts of Irrational Exuberance?

Richard Javad Heydarian | Posted 07.07.2013 | World
Richard Javad Heydarian

While the pre-recession U.S. ignored growing structural imbalances in the real estate sector, financial markets, and external trade relations, the Philippine government is obsessed with emphasizing the boom in the stock markets, real estate and foreign exchange reserves.

Philippine Stocks Crash: Symptom of Growing Economic Imbalances

Richard Javad Heydarian | Posted 05.20.2013 | Business
Richard Javad Heydarian

After three years of bullish run, the Philippine Stock Exchange (PSE) is on the downhill. Featuring among the emerging markets' hottest for almost 12 months, the PSE is now, however, filled with among the most overpriced stocks in Asia and beyond.