Monday, May 30, 2016
Roubini : The Keys to Continuity
2016 Philippines Business & Investment Forum Panelists: Cesar V. Purisima, Philippine Secretary of Finance Nouriel Roubini, Chairman & Chief Economist, Roubini Global Economics Amb. Jose E.B. Antonio, Chairman & CEO, Century Properties Group, Inc. Arsenio M. Balisacan, Chairman, Philippine Competition Commission Moderator: Elena Popina, Bloomberg news Overview: This panel overview video summarises highlights of this high profile debate on the Philippines' short and medium term socio-economic development, with particular reference to upcoming elections. The Philippines has gone from being known as the “sick man” of Asia to the region’s stellar performer, lauded by international investors and analysts as one of the most promising countries for future growth and investment; this success has been attributed to the market-friendly reforms implemented by the administration of President Benigno Aquino III. However, investors are averse to uncertainty of any kind, and particularly of the political variety. In the case of the Philippines, they are concerned that the outcome of the May 2016 general elections could lead to a rollback of these market-friendly reforms. Doubts about the electoral result have already led to a drop in foreign investment this year. But beyond the upcoming elections, the long term leadership relies on the country’s development being driven by private sector leaders.
Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics