Home Tags Calixto V. Chikiamco

Tag: Calixto V. Chikiamco

The oligarchy during the Marcos regime and its economic impact

The topic given to me during this seminar on the 29th anniversary of the publication of Some Are Smarter Than Others by Ricardo Manapat is “Oligarchy During the Marcos Regime and its Economic Impact.”

Land reform land reform

Land reform land reform. Our land reform program has become so messy, so bad for agricultural productivity and economic growth, that it needs a land reform on top of the land reform. Moreover, because land reform in the Philippines took so long — more than 35 years — it has spawned second generation problems that it will take another land reform to undo. (I will explain a bit later.)

Time for Jukebox Economics

Before the Asian Financial Crisis in July 1997, a group of economists which included Dr. Raul Fabella of the UP School of Economics (now a National Scientist), the late former Socio-Economic Planning Secretary Dr. Cayetano “Dondon” Paderanga Jr., former UP Professor and presently Bangko Sentral Governor Ben Diokno, and myself, were calling for a pre-emptive devaluation of the peso.

Plant Camote: An economic recovery plan

First off, there’s a difference between economic relief and economic recovery. Economic relief refers to the assistance government must extend to workers and businesses because it ordered them to stop due to the public health emergency. Economic relief is both a humanitarian response -- help people who suffered through no fault of their own -- and an economic one -- to prevent consumer demand from cratering. Economic relief is immediate and urgent. Economic relief also includes the managed transition from a total lockdown to a new normal balancing the needs of public health and the economy.

Is the country moving in the right direction?

Is the country moving in the right direction?

Our dysfunctional bureaucracy as a binding constraint

It’s becoming ever more clear that our dysfunctional, weak, inefficient, and corrupt bureaucracy is a binding constraint to growth and development. It belongs up there together with our low agricultural productivity, labor rigidities, and monopolies in strategic industries as major constraints for the country to attain its true growth potential.

The Foundation for Economic Freedom and the Templeton Prize

On Nov. 7, during the Atlas Network’s Freedom Dinner at the Intrepid Sea, Air, and Space Museum in New York City, the Foundation for Economic Freedom, of which I’m President and co-Founder, received the prestigious Templeton Freedom Award. The Award was given in recognition of the Foundation’s work advocating and successfully pushing for legislation removing Commonwealth-era restrictions on agricultural patents, thereby immediately benefiting 2.5 million farmers and energizing the rural land market.

Why not forestry?

Yes, why not forestry as a driver of economic growth, together with tourism, mining, and agriculture, which are sources of jobs in the countryside?

The real safety net for rice farmers

Let me lay out the following propositions.

An idea for Isko: urban ecozones

Manila Mayor Isko Moreno has been rightly hailed for reclaiming public space by removing illegal vendors plying their trade by occupying streets and sidewalks. However, some critics have pointed out that these vendors are merely trying to earn a living and would suffer tremendously if they were removed or relocated.

Foreign investment liberalization and national security

The purveyors of “zombie apocalypse” scenarios, as a friend put it, are at it again. They take the most extreme and scariest scenarios and project these to keep change from happening. Don’t change. Keep the status quo. Otherwise, the zombies will come and get you.

Why President Duterte’s senate bets won

Why did President Duterte’s Senate bets win?

A cornucopia of legislation

Not many people may realize it, but there has been a bountiful harvest of legislation from the 17th Congress. Both Houses of Congress have produced significant economic and socially progressive legislation since signed into law by President Duterte. Credit no doubt goes to House Speaker Gloria Macapagal-Arroyo and Senate President Tito Sotto, both legislative veterans who know how to make their respective chambers productive.

Duterte’s Unfinished Revolution

President Rodrigo Roa Duterte has unfinished business.

The Evolution of President Duterte

When I’m asked what I think of President Duterte’s performance in office so far, I say that he has evolved in a positive way and that he’s is evolving further but he still has plenty of shortcomings.

The main trends in the world today

What are the main trends in the world today? What are the geopolitical forces driving change and impacting societies? What will shape the future?

Coping with FIRe

I had the privilege to listen to Dr. Aniceto Orbeta of the Philippine Institute for Development Studies (PIDS), the government think tank, when he made a presentation on Labor and Global Development before the People Management Association of the Philippines.

Agriculture, agriculture, agriculture

My former college economics professor, Dr. Bernie “Dr. Boom” Villegas, was once quoted chanting the mantra of “agriculture, agriculture, agriculture” when asked about the development direction of the country. Indeed, while the political Left were enamored with “nationalist industrialization,” and rent-seekers with “import-substituting industrialization,” Bernie was an outlier. After all, agriculture was unsexy, while industrialization, with its image of mighty steel mills and factory sinews, represented progress and modernization.

Structural weaknesses in our economy: What to do?

In my last column, “The Structural Weaknesses of the Philippine Economy,” I said that the recent economic data show the structural weaknesses of the Philippine economy: low agricultural productivity, weak export growth, and undiversified export base, with much export concentrated in low value-added electronics sector.

The draft Constitution is terrible

Scratch that; the draft Constitution drawn up by the Puno Consultative Commission, is uber-terrible.

TRAIN 2 and The Fatal Conceit

“The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.” -- Friedrich August von Hayek

My problem with TRAIN 2

I have a full disclosure to make before I state my opinion on TRAIN 2 or the Tax Reform for Acceleration and Inclusion Package...

Is growth sustainable?

The answer appears to be yes. After a checkered history of boom and bust cycles since the founding of the Republic in 1946, punctuated...

We need an Alfred Kahn

Alfred E. Kahn is considered the “father of airline deregulation” in the United States. A former professor in economics of Cornell University, he was...

Regulatory capture

Regulatory capture, according to Wikipedia, is “a form of government failure that occurs when a regulatory agency, created to act in the public interest,...

Two steps forward, one step back

In December last year, I wrote a column “One Step Forward, Two Steps Back,” describing the uneven progress six months into the Duterte administration....

Business model, disrupted

If the Philippines were a company, its business model would be facing disruption. Its business model, if you will, rests on OFW remittances and BPO...

Dismantling the Post-EDSA order

A friend recently asked me, “What’s Duterte doing? Why is he going against the Prietos and Inquirer and the Lopezes and ABS-CBN?” He was referring...