UP economics dean: Arroyo's claim an 'aberration'
MANILA, Philippines - Former President Gloria Macapagal-Arroyo's claim of a 7.9% economic growth during her term was an "aberration," University of the Philippines School of Economics Dean Arsenio Balisacan said Thursday.
Arroyo released a paper earlier in the day, boasting of high economic growth while she was president.
She urged President Benigno Aquino not to neglect the economy, claiming he has given too much focus on governance and weeding out corruption.
Aquino was a former student of Arroyo at the Ateneo de Manila University.
Commenting on Arroyo's economic paper, Balisacan said poverty incidence remained high during Arroyo's time.
"It was nothing to be proud of," he said.
Balisacan said the quality of growth during Arroyo's term was uneven, and economic benefits failed to trickle down to the poor.
Regarding the allegations of Arroyo that Aquino's reforms were recycled versions of her own, Balisacan said that should be taken positively.
He said that while Arroyo can boast of her policies, she failed to enforce them.
He added that for the most part, reforms during the Arroyo presidency were tainted with corruption.
Balisacan pointed out that there should actually be continuity in terms of policies so that growth will be sustainable. - Report from Lois Calderon, ANC
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kaya pala nagtae si gma sa st lukes, puno pala siya ng sourgrapes at hangang ngayon ay puno pa rin. maybe, this is what horny horn said that gma needs another operation, not on the batok but on the stomach.
arroyo's economic statements are old school, old hat and no longer relevant to today's climate. during her time, people were so browbeaten they could not really see their way through. now, we have the internet and instant access to it. people can now manipulate the net faster and are no longer playing passive. they're now active participants in their own fate and in their own lives. so, suck eggs, little girl! you know where to stick your of economics.
KAPAL NG MUKHA MO GLORIA
SOBRANG KAPAL TALAGA NG PAGMUMUKHA NI GLORIA AT SOBRANG SINUNGALING. ANONG KWENTA NG PINAGMAMALAKI NYA KUNONG NAGAWA NYA SA PINAS KUNG HINDI NMAN NYA NAIAHON SA KAHIRAPAN ANG BANSA BAGKUS INILUBOG PA NYA SA KAHIHIYAN AT DUSA DAHIL SA PAGNANAKAW NYA SAMPU NG PAMILYA AT MGA ALIPORES NYA. DAPAT SA HALIMAW NA MAGNANAKAW NA YAN DALIN NA SA CITY JAIL KASAMA NG MGA PUSAKAL TUTAL MAS MASAHOL PA CYA SA MGA BILANGGO DUN. SAGAD SA BUTO ANG KAWALANGHIYAAN NYAN. LUMALAMON CYA AT PAMILYA NYA NG PAGKAIN NA GALING SA NAKAW AT IPINAKAIN PA NYA SA MGA ANAK NYA KAYA NAGING MAGNANAKAW DIN TULOY! BWAHAHAHAHAHAHAHA
Economic Growth
Economic growth = growth in productivity = more jobs. The people who feel the gain are the people who found job because of this growth. Since the growth is not substantial, the general population cannot feel its growth. But you cannot deny this growth no matter how small it is. Comparing to Pnoy's economic growth, GMA's is a lot better.
arroyo an aberration
flagrant corruption is the legacy she left behind. she might be a good economic writer but that's all theory. like some keynesian economics she might be obsolete or now irrelevant.