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词条 DuterteNomics
释义

  1. Background

  2. Ten-point agenda

  3. Build! Build! Build! Infrastructure Plan

      Transportation related projects    Railways    Roads    Airports    Non-transportation related projects  

  4. Economic trends

      Economic outlook    Inflation rate    Income status  

  5. See also

  6. References

{{Use mdy dates|date=March 2018}}

DuterteNomics is a catch-all term referring to the socioeconomic policies of President Rodrigo Duterte. A significant part of the policy includes the development of infrastructure and industries.[1]{{Rodrigo Duterte sidebar}}

Background

Finance Secretary Carlos Dominguez has said that the government required what he describes as an "audacious" economic strategy in order for the Philippines to "catch up with its more vibrant neighbors" by 2022 and help it achieve high-income economy status within a generation. The term DuterteNomics was coined to describe the economic policy of the Duterte administration. The term also refers to the series of forums where Duterte's economic team pitches the administration's plan to help the country become a high-middle-income economy by 2022.[2]

The policy was unveiled on April 18, 2017, by the Department of Finance and the Presidential Communications Operations Office (PCOO), in cooperation with the Center for Strategy, Enterprise and Intelligence (CenSEI) in a forum held at Conrad Manila in Pasay. A second forum was held on April 25, 2017.[2]

DuterteNomics was also pitched abroad, particularly at the 2017 World Economic Forum on the Association of Southeast Asian Nations in Cambodia and at the sidelines of the 2017 One Belt One Road Forum for International Cooperation in Beijing, China.[2]

Ten-point agenda

The economics team of then President-elect Rodrigo Duterte presented the following points of Duterte's socioeconomic policy in a business forum in Davao in June 2016.[3] DuterteNomics is anchored on these ten principles.[2]

  1. Continue and maintain current macroeconomic policies, including fiscal, monetary, and trade policies.
  2. Institute progressive tax reform and more effective tax collection, indexing taxes to inflation.
  3. Increase competitiveness and the ease of doing business.
  4. Accelerate annual infrastructure spending to account for 5% of GDP, with Public-Private Partnerships playing a key role.
  5. Promote rural and value chain development toward increasing agricultural and rural enterprise productivity and rural tourism.
  6. Ensure security of land tenure to encourage investments, and address bottlenecks in land management and titling agencies.
  7. Invest in human capital development, including health and education systems, and match skills and training.
  8. Promote science, technology, and the creative arts to enhance innovation and creative capacity.
  9. Improve social protection programs, including the government's Conditional Cash Transfer program.
  10. Strengthen implementation of the Responsible Parenthood and Reproductive Health Law.

Build! Build! Build! Infrastructure Plan

Part of DuterteNomics is the Build! Build! Build! Infrastructure Plan which according to the administration will usher in the "Golden Age of Infrastructure". The goals of the program are to reduce poverty, encourage economic growth and reduce congestion in Metro Manila.[4]

=== Associated projects ===

Transportation related projects

Railways
  • Metro Manila Subway (Phase 1)[5]
  • PNR North-South Commuter Railway[6]
  • PNR South Long Haul[6]
  • Subic-Clark Railway[7]
  • Mindanao Railway Phase 1 (Tagum-Davao-Digos Segment)[8]
  • LRT-1 Cavite Extension[9]
  • North Avenue Common station[10]
Roads
  • Metro Manila Logistics Improvement Network:[15]
    • Binondo-Intramuros Bridge[11]
    • Estrella-Pantaleon Bridge[11]
    • Bonifacio Global City-Ortigas Center Link Road[11]
  • Luzon Spine Expressway Network[12][13]
    • North Luzon East Expressway (NLEE)[13]
    • NLEX Harbor Link[13]
    • Tarlac-Pangasinan-La Union Expressway (TPLEX) extension[13]
    • Central Luzon Link Expressway[13]
    • Plaridel By-pass Road Phase II[13]
    • South East Metro Manila Expressway[14][13]
    • Metro Manila Skyway Stage 3[13]
    • NLEX-SLEX Connector Road[13]
    • SLEX Toll Road 4[13]
    • SLEX Toll Road 5 (QUEBEx)[13]
  • New Bacolod Economic Highway[12]
  • Panguil Bay Bridge[12]
  • Metro Cebu Expressway[12]
  • Davao City Bypass[12]
  • Mindanao Development Road Network[12]
Airports
  • Clark International Airport expansion[15]

Non-transportation related projects

  • Kaliwa Dam[16]
  • Cavite Industrial Area Flood Risk Management[16]
  • Leyte Tide Embankment[12]
  • Lower Agno River Irrigation System Improvement Project[10]
  • Rio Grande de Mindanao[7]

Economic trends

Economic outlook

In December 2017, government data revealed that the Philippines' output of nickel ore fell 16 percent in the third quarter from a year earlier, after the country, which is the world's top supplier of the metal, suspended some mines in a clampdown on environmental violations. Production dropped to 19.8 million tonnes in the nine months to September from 25.97 million tonnes a year ago, according to the data.[17] According to Finance Secretary Carlos Dominguez, the "Philippine economy is delivering the performance we anticipated, notwithstanding the political noise and a significant terrorist event in Mindanao". Dominguez gave the assessment during the Banyan Tree Leadership Forum of the Center for Strategic and International Studies.[18]

On March 31, 2018, the Financial Times reported that the export of the Philippines has continued its drastic drop for the fifth month in a row,[19] while the Philippine Statistics Authority reported that the trade deficit of the country has widened to 47.6%, endangering further the country's local economies.[20]

In October 2018, the World Bank downgraded the economic outlook of the Philippines for 2018, but expects it to remain strong.[21] FMIC and UA&P expect the economy to improve in the second half of 2018.[22]

In November 2, 2018, the Philippines slipped 11 places from the World Bank's Ease of Doing Business rankings.[23][24] The Department of Finance is demanding a correction from the World Bank, citing the smaller data set used to assess the country's credit base.[25][26]

Inflation rate

In May 2018, the inflation rate of the Philippines reached 4.6%.[27] In June 2018, within less than a month, the inflation rate increased to 5.2%.[28] In August 2018, the inflation rate of the country hit 6.4%, a nine-year high, causing ripples to the Philippine economy and diminishing the strength of the Philippine peso.[29][30] In October 2018, the inflation rate skyrocketed to 6.7%, its highest in a decade.[31] Inflation reached its peak in the third quarter of 2018 to 6.2%.[32][33] It is expected to decrease by the fourth quarter of 2018.[32][33]

On the entrance of July, the inflation rate of the country increased to 5.7%.[34][35] Additionally, the country's foreign exchange reserves dipped to a six-year low due to weakening peso.[36] In July 5, the inflation rate of the country soared to 5.2%, its highest in 5 years.[37] The inflation rate worsened the impacts of the government's new tax policy, increasing the price of all goods in the country.[38]

In September 2018, the inflation rate of the country skyrocketed to 6.7%, its highest in a decade, effectively damaging the economy.[39][40] President Duterte blamed American president Donald Trump for the inflation increase. [41] Senator Francis Pangilinan, however, pointed out that if the United States was to blame, then all countries in ASEAN should have been experiencing the same. Only the Philippines has a very high inflation rate in the entire region.[42] In September 13, it was confirmed that the country’s inflation rate continued to rise, alarming numerous investors. [43] In September 17, Presidential Communications Secretary Martin Andanar, downplayed the recent inflation figures, had incorrect data, and then blamed the media for such inflation rate.[44] On September 21, 2018, Duterte signed Administrative Order No. 13, removing non-tariff barriers in the importation of agricultural products, to address soaring inflation rates.[32][45]

According to ING, with food prices decreasing, the worst of the inflation crisis is over.[46] Inflation decreased in November 2018, at 5.8 to 6.6 percent.[47] BSP decreased its inflation forecast for 2019, after the passage of the rice tariffication bill.[48]

Inflation decreased further to 5.1% in December 2018.[49][50]

Income status

Economic managers predict the accession of the Philippine economy to upper-middle-income status by 2019, citing massive infrastructure spending and robust growth, despite increasing inflation rates.[51][52][53]

See also

  • Philippines 2000
  • Abenomics

References

1. ^{{cite web|title=Home|url=http://www.build.gov.ph/|website=Build!|accessdate=28 June 2017}}
2. ^1 2 3 {{cite news|title=TIMELINE for Duterte’s economic agenda|url=http://www.manilatimes.net/timeline-dutertes-economic-agenda/329785/|accessdate=28 June 2017|work=The Manila Times|date=29 May 2017}}
3. ^{{cite news|last1=Macas|first1=Trisha|title=Duterte’s economic team reveals 10-point socioeconomic agenda|url=http://www.gmanetwork.com/news/money/economy/570703/duterte-s-economic-team-reveals-10-point-socioeconomic-agenda/story/|accessdate=28 June 2017|work=GMA News|agency=DVM, GMA News|date=20 June 2016}}
4. ^{{cite news|title=DuterteNomics unveiled|url=http://pcoo.gov.ph/dutertenomics-unveiled/|accessdate=28 June 2017|publisher=Presidential Communications Operations Office|date=19 April 2017}}
5. ^{{cite news|last1=Rosario|first1=Ben|title=P300-B subway project planned in Dutertenomics|url=http://news.mb.com.ph/2017/05/12/p300-b-subway-project-planned-in-dutertenomics/|accessdate=28 June 2017|work=Manila Bulletin|date=12 May 2017}}
6. ^1 {{Cite news|url=http://business.inquirer.net/244404/34-75-flagship-infra-projects-start-18|title=34 of 75 flagship infra projects to start in ’18|last=Vera|first=Ben O. de|access-date=2018-05-30|language=en}}
7. ^1 {{Cite web|url=http://www.manilatimes.net/sign-of-tangible-progress-in-build-build-build/423392/|title=Sign of tangible progress in ‘Build, Build, Build’ - The Manila Times Online|website=www.manilatimes.net|language=en-US|access-date=2018-08-04}}
8. ^{{Cite news|url=http://www.sunstar.com.ph/davao/business/2017/06/26/mindanao-railway-project-gets-support-549693|title=Mindanao railway project gets support|last=Bagaforo|first=Nelson C.|date=2017-06-26|work=SunStar|access-date=2017-09-03|language=en}}
9. ^{{Cite news|url=https://news.mb.com.ph/2018/05/21/dotr-then-and-now/|title=DOTr: Then and now|work=Manila Bulletin News|access-date=2018-05-30|language=en-US}}
10. ^1 {{Cite news|url=http://news.abs-cbn.com/business/12/14/17/12-to-15-major-infra-projects-to-roll-out-in-2018-says-neda|title=12 to 15 major infra projects to roll out in 2018, says NEDA|last=News|first=Michelle Ong, ABS-CBN|work=ABS-CBN News|access-date=2018-05-30|language=en-US}}
11. ^1 2 3 {{cite news|last1=Kabiling|first1=Genalyn|title=China plans construction of 5 infrastructure projects|url=http://news.mb.com.ph/2017/05/13/china-plans-construction-of-5-infrastructure-projects/|accessdate=28 June 2017|work=Manila Bulletin|date=13 May 2017}}
12. ^1 2 3 4 5 6 {{Cite news|url=https://news.mb.com.ph/2018/03/23/what-is-build-build-build/|title=What is ‘Build, Build, Build’?|work=Manila Bulletin News|access-date=2018-05-30|language=en-US}}
13. ^1 2 3 4 5 6 7 8 9 10 {{Cite news|url=https://www.thesummitexpress.com/2018/01/luzon-spine-expressway-duterte-traffic-decongestion-plan.html|title=WATCH: Luzon Spine Expressway Network is Duterte’s P107-billion traffic decongestion plan|last=Admin|work=The Summit Express|access-date=2018-08-25}}
14. ^{{Cite news|url=http://business.inquirer.net/243725/breaking-smcs-south-east-metro-manila-expressway-project-begins|title=SMC’s South East Metro Manila Expressway project begins|work=Inquirer|access-date=2018-01-08|language=en}}
15. ^{{Cite news|url=https://www.rappler.com/business/191841-infrastructure-spending-2018-subway-dbm|title=Metro Manila Subway leads expected infra buildup in 2018|work=Rappler|access-date=2017-12-28|language=en}}
16. ^1 {{Cite news|url=https://www.rappler.com/business/191361-neda-infrastructure-projects-gross-domestic-product-philippines-2018|title=NEDA eyes 6 big infra project rollouts, 8% GDP growth in 2018|work=Rappler|access-date=2017-12-28|language=en}}
17. ^{{Cite newspaper|url=https://www.reuters.com/article/us-philippines-mining-output-idUSKBN13U0L4|title=Philippines third quarter nickel ore output drops 16 percent as Duterte's green clampdown bites|journal=Reuters|date=December 5, 2016|via=Reuters}}
18. ^{{cite web|url=http://news.abs-cbn.com/business/10/16/17/economy-weathers-political-noise-terror-threat-finance-chief|title=RP economy weathers political noise | date = October 16, 2017}}
19. ^{{cite web|url=https://www.ft.com/content/15d5caa4-83dd-11e8-96dd-fa565ec55929|title=Subscribe to read|website=Financial Times|accessdate=July 17, 2018}}
20. ^{{cite web|url=https://www.rappler.com/business/206927-trade-deficit-philippines-may-2018|title=Philippines' trade deficit widens by 47.6% in May 2018|website=Rappler.com|accessdate=July 17, 2018}}
21. ^https://www.rappler.com/business/213492-world-bank-2018-economic-outlook-philippines
22. ^{{Cite web|url=https://www.philstar.com/business/2018/09/26/1854913/fmic-uap-philippine-economy-may-rebound-h2-not-without-bumps|title=FMIC, UA&P: Philippine economy may 'rebound' in H2, but not without 'bumps' {{!}} Philstar.com|website=philstar.com|access-date=2018-10-12}}
23. ^{{Cite news|url=https://www.rappler.com/business/215784-philippines-ranking-ease-of-doing-business-world-bank-2019|title=PH slips 11 notches in World Bank's ease of doing business ranking|work=Rappler|access-date=2018-11-04|language=en}}
24. ^{{Cite web|url=https://www.philstar.com/business/2018/11/02/1865082/philippines-ranking-falls-ease-doing-business|title=Philippines ranking falls in Ease of Doing Business {{!}} Philstar.com|website=philstar.com|access-date=2018-11-04}}
25. ^{{Cite news|url=https://news.abs-cbn.com/business/11/01/18/philippines-demanding-a-correction-from-world-bank-trade-sec-lopez|title=Philippines 'demanding a correction' from World Bank: Trade Sec Lopez|last=News|first=ABS-CBN|work=ABS-CBN News|access-date=2018-11-04|language=en-US}}
26. ^{{Cite news|url=https://businessmirror.com.ph/phl-protests-ease-of-doing-business-survey-results-demands-world-bank-review-of-credit-coverage-data/|title=PHL protests Ease of Doing Business survey results, demands World Bank review of credit coverage data|work=BusinessMirror|access-date=2018-11-04|language=en-US}}
27. ^https://www.rappler.com/business/204113-inflation-rate-philippines-may-2018
28. ^https://www.rappler.com/business/206518-inflation-rate-philippines-june-2018
29. ^https://www.rappler.com/business/211176-inflation-rate-philippines-august-2018
30. ^https://www.rappler.com/business/211176-inflation-rate-philippines-august-2018
31. ^https://www.rappler.com/business/213554-inflation-rate-philippines-september-2018
32. ^1 2 {{Cite news|url=https://news.abs-cbn.com/business/10/19/18/inflation-at-62-percent-for-third-quarter-of-2018-bsp|title=Inflation at 6.2 percent for third quarter of 2018: BSP|last=News|first=ABS-CBN|work=ABS-CBN News|access-date=2018-10-20|language=en-US}}
33. ^1 {{Cite news|url=http://cnnphilippines.com/news/2018/10/19/inflation-Q3-2018.html|title=Q3 inflation highest for the year at 6.2%|work=cnn|access-date=2018-10-20|language=en}}
34. ^https://www.rappler.com/business/208989-inflation-rate-philippines-july-2018
35. ^http://www.gmanetwork.com/news/money/economy/663222/july-inflation-at-5-7-fastest-in-at-least-five-years/story/
36. ^http://www.bworldonline.com/philippines-fx-reserves-dip-in-july/
37. ^{{cite web|url=https://www.rappler.com/business/206518-inflation-rate-philippines-june-2018|title=June 2018 inflation soars to 5.2%|website=Rappler.com|accessdate=July 17, 2018}}
38. ^{{cite web|url=https://www.philstar.com/business/2018/07/05/1830803/inflation-jumps-new-5-year-high-june-beats-forecasts|title=Inflation jumps to new 5-year high in June, beats forecasts - Philstar.com|website=Philstar.com|accessdate=July 17, 2018}}
39. ^{{cite web | url=https://www.rappler.com/business/213554-inflation-rate-philippines-september-2018 | title=Inflation in September 2018 strains Filipinos' budget at 6.7%}}
40. ^{{cite web | url=https://www.philstar.com/headlines/2018/10/05/1857504/inflation-soars-new-9-year-high-67-september | title=Inflation soars to new 9-year high of 6.7% in September}}
41. ^https://news.abs-cbn.com/news/09/07/18/duterte-blames-trump-for-high-inflation-in-ph
42. ^https://news.abs-cbn.com/news/09/09/18/pangilinan-slams-duterte-for-blaming-inflation-on-trump
43. ^https://www.philstar.com/business/2018/09/13/1851203/inflation-not-seen-be-big-problem-most-emerging-asia-except-philippines
44. ^http://verafiles.org/articles/vera-files-fact-check-andanar-falsely-downplays-inflation-fi
45. ^{{Cite news|url=https://www.rappler.com/business/212779-duterte-cuts-red-tape-importing-agricultural-products|title=Duterte cuts red tape in importing agricultural products|work=Rappler|access-date=2018-10-20|language=en}}
46. ^{{Cite news|url=https://business.inquirer.net/259507/worst-is-over-for-ph-inflation-crisis-as-food-prices-ease-ing-says#ixzz5V7pwRiUf|title=Worst is over for PH inflation crisis as food prices ease, ING says|last=Lucas|first=Daxim L.|access-date=2018-10-27|language=en}}
47. ^{{Cite news|url=https://news.abs-cbn.com/business/11/29/18/inflation-likely-at-58-to-66-percent-in-november-bsp|title=Inflation likely at 5.8 to 6.6 percent in November: BSP|last=News|first=ABS-CBN|work=ABS-CBN News|access-date=2018-11-30|language=en-US}}
48. ^{{Cite news|url=https://news.abs-cbn.com/video/business/11/15/18/bangko-sentral-drastically-lowers-2019-inflation-outlook|title=Bangko Sentral drastically lowers 2019 inflation outlook|last=News|first=ABS-CBN|work=ABS-CBN News|access-date=2018-11-30|language=en-US}}
49. ^{{Cite web|url=http://www.rappler.com//business/220252-inflation-rate-philippines-december-2018|title=Inflation cools down to 5.1% in December 2018|last=Rivas|first=Ralf|website=Rappler|language=en|access-date=2019-01-04}}
50. ^{{Cite web|url=https://news.abs-cbn.com/business/01/04/19/philippines-more-appealing-to-investors-as-inflation-slows-analyst|title=Easing inflation, rate hike pause make PH more attractive to investors|last=News|first=ABS-CBN|website=ABS-CBN News|access-date=2019-01-04}}
51. ^{{Cite news|url=http://www.manilastandard.net/business/economy-trade/275821/philippines-set-to-become-upper-middle-income-economy-by-2019.html|title=Philippines set to become upper middle-income economy by 2019|work=Manila Standard|access-date=2018-10-12|language=en}}
52. ^{{Cite news|url=https://www.rappler.com/business/212246-philippines-become-upper-middle-income-country-2019|title=Philippines to become upper-middle income country by 2019 – Pernia|work=Rappler|access-date=2018-10-12|language=en}}
53. ^{{Cite news|url=https://news.abs-cbn.com/business/09/18/18/ph-to-be-upper-middle-income-country-in-2019-pernia-says|title=PH to be upper-middle income country in 2019, Pernia says|last=News|first=ABS-CBN|work=ABS-CBN News|access-date=2018-10-12|language=en-US}}
{{Rodrigo Duterte}}

3 : Presidency of Rodrigo Duterte|Eponymous economic ideologies|Economic history of the Philippines
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