PHILIPPINES
By Rina Jimenez-David
Philippines Daily Inquirer-June 6
“A rising tide lifts all boats” is a saying oft-quoted by economists who posit that by raising national income and encouraging overall growth, all sectors of society will benefit. Some, in fact, have posited that as an economy continues to grow, the equitable distribution of income will naturally follow.
But others point out that in economies burdened by inequality, the benefits of growth will end up merely enriching the already rich, while the poor will not just remain poor but will feel the gap ever more keenly.
Read more: http://opinion.inquirer.net/113715/poverty-growth-two-stories#ixzz5Hkgf5pl9
First published in: The Philippine Daily Inquirer
