[lbo-talk] Will the Phillipines decouple successfully?

[KJ]

Aside from the funny bits at the end -- govt economists estimate a 1%
decline in US growth translates into a 1.9 *percentage point* decline in
Philippines growth, while WB/IMF estimates only a 0.2-0.9% effect -- what
does decoupling mean when you have remittances accounting for close to 15%
of GDP and an emigration rate of 15% of the tertiary educated, an emigrant
stock of nearly 5% of total population or close to 10% of the labour force?

On 02/02/2008, Julio Huato <juliohuato at gmail.com> wrote:
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> http://www.ft.com/cms/s/0/29f69876-d068-11dc-9309-0000779fd2ac.html
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