Stay updated with breaking news from World Development Indicators Database. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Despite the holding of the recent Africa-USA Summit in the USA, the powers that be locally and globally continue to operate the same old and inappropriate poverty generation system rather than the new and appropriate poverty alleviation system.
The Administration's American Competitiveness Initiative is thewrong solution in response to a flawed diagnosis. America'scompetitive position is not threatened because the federalgovernment is not spending enough: The problem is that governmentis too big. Excessive government causes the misallocation of laborand capital, and the high tax rates needed to finance it discouragework, saving, and investment.
The paper says the government should leverage on existing strengths and act on recommendations to allow women to grab opportunities outside the Philippines. . Read more at straitstimes.com.