Tag: economic collapse

The Philippines is reverting back to an agrarian economy thanks to COVID-19

August 11, 2020 benign0 6 Comments

Nothing necessarily bad about agrarian societies though these get their bad rep from their association with the Third World and “underdevelopment”. Some “economists” would measure “modernisation” in terms of the proportion of the workforce employed in agriculture. As the thinking goes, a progressive shift in the workforce from farming to manufacturing and services and, therefore,…

Business, Development, Economy

Fitch Ratings upgrade: Will the Philippines’ new ‘investment grade’ status spell good times ahead?

March 28, 2013October 10, 2013 benign0 40 Comments

In John Landis’s 1983 hit movie Trading Places, Billy Ray Valentine, a bum and hustler played by Eddie Murphy is picked up from the streets, cleaned up and dressed in an expensive business suit as part of an experiment instigated by wealthy brothers Randolph Duke and Mortimer Duke. The made-over Valentine is then set up…

Development, Economy

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