dir. reynaldo r cancio...dir. reynaldo r cancio national policy and planning staff national economic...
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Dir. REYNALDO R CANCIONational Policy and Planning Staff
National Economic and Development Authority
Education Summit
November 3-4, 2016
Figure 3: Projections of Per Capita GDP (constant 2010 PPP) of Selected Asian Economies in 2050
Source of basic data: ADB Publication – Asia 2050
Asia 2050: Realizing the Asian Century
• Asia will nearly double its share of global
GDP to over 50%.
• Asia’s per capita income will rise six-
fold from 2010 to 2050, higher than the
global average
• 7 economies will lead Asia’s march to
prosperity (South Korea, Japan, China,
India, Indonesia, Malaysia and
Thailand)
• The Philippines will be overtaken by
India and Viet Nam; will be in the
company of Mongolia and Cambodia.
47,800
41,70037,400
33,80026,900
107,600
66,700
22,70022,900
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• A long-term (25 years) vision of Filipinos.
• It is a vision, NOT a plan.
• An anchor for development planning across administrations.
• A guide for engaging with international development
partners.
The Long-term Vision (LTV) process
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1. Advisory Committee
• composed of representatives from the government,
private sector, the academe, and civil society guided
the overall implementation of the visioning exercisev
2. Public consultations
• 42 FGDs with marginalized groups (C. David)
• National Survey (n=10,000; PSRC)
3. Technical studies
• Thematic study team organized (led by Dr. R.
Clarete)
4. Communication & advocacy
• Online social media engagement
• Public forums
FGD
Survey
The Life We Want
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Matatag• Living together with family
• Time with family and
friends (work/life balance)
Panatag• Security of place• Resources adequate for
day-to-day needs and
unexpected expenses
• Passive income during
retirement
Maginhawa• Freedom from hunger
and poverty
• Guaranteed mobility
• Secure home ownership
• Travel and vacation
opportunities
An overwhelming majority of
Filipinos aspire for a simple
and comfortable life…
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3.9 %
16.9 %
79.2 %Simple and Comfortable Life
Prosperous or Affluent Life
Life of the Rich
What is a “simple and comfortable” life ?
7
All children are
college-educated
Own at least
one car
Able to take
occasional trips
around the
country
Decent work
Own a
medium-sized
home
Have enough
money for day-
to-day needs
Business
owner
Relax with
family and
friends
What is a simple & comfortable life?
8
10,000All children are
college-educated
5,000Own one car
6,000Able to take occasional
trips around the country
P 120,000Gross Monthly Income
30,000Own a medium-sized
home
40,000Have enough money
for day-to-day needs
Income Tax
25,000
Relax with family
and friends
4,000
Vision for the Country:
Hunger, local employment and poverty are the main
economic issues that should be addressed
Base: Total Interviews unwtd/wtd (10000/10000) I have here statements that people say are important for our economy). Which of the following is the most important condition the
country should attain in the year 2040 (RANK 1)? Which is the second most important (RANK 2)? Which is the third most important
(RANK 3)?
No one is hungry
All Filipinos have a chance for adequate....
No one is poor
Everyone can go to college
Everyone can get treatment when sick
All Filipino families have their own house
Everyone has modern lifestyle
The country is a world leader in science
64
51
50
50
38
36
17
10
Base: Total Interviews unwtd/wtd (10000/10000)
Eradication of corruption is the most important aspect of government
service that should be addressed
Eradication of Corruption
Fair enforcement of the law
Fast and easy processes
Order and Safety in the...
Fast response towards...
Enough avenues to be able...
Slightly important Slightly not important Definitely not important
82 16 11 98 2 96
76 22 2 298 96
74 24 2 298 96
72 26 21 3 9497
72 25 2 3 94971
69 28 2 3 94971
With the right policies, PHL can be nearly a high-income country by 2040
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Poverty can be eradicated by 2040
What does $11,000 per capita income mean?
MALAYSIA
Poverty rate
0.6%
“By 2040, the Philippines will be a prosperous,
predominantly middle-class society where no one is poor.
Our peoples will enjoy long and healthy lives, are smart
and innovative, and will live in a high-trust society”
Vision for Country
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• Requires strong ownership and buy-in by stakeholders and
the country’s leaders over the next 25 years
• Each plan must build on previous plan, not change it
unnecessarily
• Needs and preferences may change over time
• Unexpected developments may arise (e.g. climate, science
& technology)
From vision to action
2017-2022
2023-2028
2029-2034
2035-2040
• We need to create a responsive, adaptive, resilient, inclusive, investments
and productivity-driven economy that creates more and better quality
jobs.
• Productivity growth and resiliency can happen with:
1. Competitive enterprises generating high quality jobs
2. Agile and nimble high-quality workforce
3. Comprehensive and enabling social policy including social protection
4. Efficiently managed natural resource and environment
5. Citizen-centered, responsive, and accountable government
How do we realize the vision?
PDP 2017-2022 Framework
1, 2, 3, 4, 5, 8 4, 6, 7
7, 9, 10 9, 10
8 8
5
8
3
0, 1, 2
0
Asia 2050: We can change the future!
The Philippines can join Asia’s march to prosperity!
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Dir. REYNALDO R CANCIONational Policy and Planning Staff
National Economic and Development Authority
Education Summit
November 3-4, 2016