THE Philippines should continue adopting an inclusive growth economic policy to increase its productivity and catch up with Asian neighbors that enjoy higher and sustained economic growth. According to the study conducted by the Philippine Institute for Development Studies (Pids), productivity growth was behind the spectacular economic performance of East Asian economies, namely Japan, Taiwan, Korea and China. `Productivity growth is crucial to a country`s future economic prospects,` it said. `To catch up with its Southeast Asian Nations (Asean) and East Asian neighbors and improve the living standards of Filipinos, most especially the poor, the economy has to exploit productivity growth as a key driver of high and sustained growth.`
