RH could derail Philippine economy, says Wall Street Journal

The renewed push for the controversial “reproductive health” (RH) bill could derail the country’s economic growth, which hinges on consumption and a growing working population, the prestigious Wall Street Journal (WSJ) has warned.

In the opinion piece titled “Keeping the Philippine Dream Alive,” the global business daily praised the economic gains of the Aquino administration but cautioned against an anti-population growth mindset.

“The Philippines doesn’t have too many people, it has too few pro-growth policies,” the Wall Street Journal said.

“Mr. Aquino’s promotion of a ‘reproductive health’ bill is jarring because it would put the Philippines in danger of following China’s path into middle-income development followed by a demographic trap of too few workers,” it said.

Read more:

http://cbcpforlife.com/?p=8120

 

For the full WSJ article, read here:

http://online.wsj.com/article/SB10000872396390443570904577544542963426800.html

 

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