Direction or Drift? The Philippine Economy after 2004

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This feature article dissects the key economic issues that the new Philippine president faces as a new six-year term unfolds after the May presidential election. For the new president, the economic challenges laid down are enormous, whose responses call for a sense of urgency. To address them, the president must be ready to make unpopular decisions and face the wrath of various sectors. In the end, only a firm, deliberate and focused response to the key issues will help the nation survive and progress.