Growing population a boon or a drag to a more developed Philippines by 2050?
The debate continues ..."A study recently published by multinational financial services firm HSBC says the Philippines, a middle-income country with about 26 percent of its population living below the poverty line, will be the 16th largest economy in the world by 2050.
"By then, according to the study, the Philippines will have outperformed all of its Southeast Asian neighbors, including Singapore.
"The HSBC study cites the Philippines’ growing population, which is said to meet the growing demands for labor as more investments come in, as one of the factors that will help the country significantly progress over the next four decades.
"The rosy projection for the Philippines has thrilled some, but has also caused others to raise their eyebrows.
...
" Although people disagree over whether the country’s growing population is boon or bane for the economy, there is a consensus that good-quality education and training are badly needed to have the human resources required to attract more job-generating investments, which in turn are necessary to sustain a robust growth for the Philippines."
