Scholar eyes risk as Philippines eases foreign business ownership

Politics Economy

Outgoing President Rodrigo Duterte's efforts to liberalize foreign ownership of key industries in the Philippines were important as much as a "danger" should the next leader fail to safeguard national security, an economist says in commenting on Duterte's economic policy. President-elect Ferdinand Marcos Jr. is likely to continue Duterte's infrastructure program, foreign borrowing and a friendly approach to China used as a means to pull the economy out of deep recession in 2020 due to the coronavirus pandemic. It was the worst single-year recession for the Philippines since the dictatorship of...

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