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Contributing effective macroeconomic policy

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The right macroeconomic policy framework is crucial. But we have come to recognize that other issues, traditionally the province of microeconomics, have a vital role in contributing to effective macroeconomic policy. What Economic Policy will you suggest to boost the Philippine Economy. Explain.

The World Bank views that the Philippines' economic dynamism as being rooted in strong consumer demand supported by improving real incomes and robust remittance inflows from expatriate workers. Business activities are buoyant - particularly in the services sector, in industries including real estate, finance and insurance. How important are the families who have surging income disposal to the concentration of the Philippine Economy?

East Asia needs to become "Innovative East Asia" in addition to being "Market East Asia" in order to sustain high income growth in the region for a long time. East Asia's robust market demand growth and high savings rates provide the conducive factors toward such an "Innovative East Asia". What do you think the Philippines could learn from the East Asia for us to have a robust market demand growth?

Reference no: EM133240615

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