1

Dir. REYNALDO R CANCIO National Policy and Planning Staff

National Economic and Development Authority

October 20, 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 , 700 37 , 400

33 , 800 26 , 900

107,600

66 , 700

22 , 700 22 , 900

3

• 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

4

1. Advisory Committee

• composed of representatives from the government,

private sector, the academe, and civil society guided

the overall implementation of the visioning exercise v

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

5

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…

6

3.9 %

16.9 %

79.2 % Simple and Comfortable Life

Prosperous or A f fluent 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

10,000 All children are

college-educated

5,000 Own one car

6,000 Able to take occasional

trips around the country

P 120,000 Gross Monthly Income

30,000 Own a medium-sized

home

40,000 Have 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

15

• 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?

1. Competitive enterprises generating high quality jobs

• Sufficient high-quality infrastructure, which will make the cost of

moving people, goods and services competitive.

• Sound urban development that takes advantage of scale and

agglomeration economies to make our cities more competitive and

livable.

• Adequate and inclusive financing for small and medium

enterprises and households.

2. Agile and nimble high-quality workforce

• An education system that equips citizens with

knowledge necessary to occupy high-productivity

employment, while remaining adaptable to changing

needs of the economy.

• An economy that is highly capable of generating and

using technology and innovation.

• A work force that is resilient to income and

employment shocks.

3. Healthy society with social protection

• Healthcare system characterized by clear design, effective

regulation, and proper delineation of responsibilities

between the local governments and national agencies.

• Healthcare system where any person, rich or poor, can

walk into a facility and receive attention from high-quality

medical services without worrying about money.

• Demand driven public health system where patients are

supported by a universal social health insurance with strong

safeguards against corruption.

4. Citizen-centered, responsive, and accountable government

• Efficient public service delivery for citizens and businesses

• Professional bureaucracy

• Streamlined and facilitative rules and regulations

• Major political and electoral reforms to control deepening entrenchment of political

dynasties

• A transparent and accountable government that is protected from political capture

• LGUs with strong capacity to deliver public service and promote local development

• Peace ensured with accelerated implementation of long-term development agenda in

former conflict areas

5. Efficiently managed natural resources and environment

• A competitive, sustainable, low-carbon power mix and transmission system

that meets energy needs and security for all

• Natural resources sustainably and responsibly used for development

• Resilient communities protected from risks arising from natural hazards and

climate change.

2040

2022

“PAGBABAGO” REDUCING INEQUALITY

“MALASAKIT” ENHANCING THE SOCIAL FABRIC

Accelerated and strategic

development of infrastructure

Maintain ecological integrity, clean

and healthy environment

Strategic trade and fiscal policy and macroeconomic stability

FOUNDATION FOR INCLUSIVE GROWTH, A HIGH-TRUST SOCIETY AND

A GLOBALLY COMPETITIVE KNOWLEDGE ECONOMY

MATATAG, MAGINHAWA AT PANATAG NA BUHAY

“KAUNLARAN” INCREASING POTENTIAL GROWTH

Ensure security

Build trust in

public

institutions

Promote and

value cultural

diversity

Expand

economic

opportunities

Increase access

to economic

opportunities

Accelerate

human capital

development

Reduce

vulnerability of

the poor

Promote technology adoption

Maximize demographic

dividend

Encourage innovation

Promote competition

1, 2, 3, 4, 5, 8

7, 9, 10

4, 6, 7

9, 10

8

8

4

5

3 0

0, 1, 2

8

Asia 2050: We can change the future!

The Philippines can join Asia’s march to prosperity!

Executive Order No. 5 (s. 2016) Section 4. Consistent Government Plans

All Plans of government departments, offices and instrumentalities,

including government-owned or controlled corporations and local

government units, shall be consistent with Ambisyon Natin 2040.

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Dir. REYNALDO R CANCIO National Policy and Planning Staff

National Economic and Development Authority

October 20, 2016