Economist defends Philippines ‘large population’
April 5, 2011
CLARK FREEPORT — Economist Bernie Villegas defended Monday the country’s current population, saying a large populace is an asset and not a liability to a developing country like the Philippines.
Villegas issued the statement before members of the Pampanga Chamber of Commerce and Industry (PamCham) amid the ongoing debate on Reproductive Health (RH) bill.
He said that from an economic viewpoint, a large population works wonders for the local market.
This same population advantage, he added, was demonstrated in the recent world financial crisis in which Vietnam, Indonesia and the Philippines (the VIP countries of the Asean) were virtually unaffected.
“A key explanation for the resilience of these three countries is their large domestic markets that partly insulated them from the depressive impact of a shrinking world economy,” Villegas said.
He added that in the next 10 to 20 years, countries with large populations such as China, India, Brazil, Indonesia and others will be the engines of growth, eclipsing the aging market power countries that, with the exception of the United States, are all suffering from the devastating effects of the demographic winter.
Villegas said legislations like the RH bill could be economically counterproductive.
“Another strong argument against population control is the peculiar case of Thailand. Even rescinding from the ongoing political unrest, Thailand’s still relatively large population of over 60 million did not enable it to get into the list of the Next Eleven emerging markets that will dominate the global economy. Because of a very aggressive population control program in the last century, Thailand is in serious danger of growing old before becoming rich,” Villegas added.
He also urged businessmen in the province to instead focus on helping the government in really addressing the problem of poverty.
He said there have been tried and tested approaches to address the issue in an agricultural country like the Philippines.
Among them, he said, are building farm-to-market roads, irrigation systems and post-harvest facilities; providing micro credit to the poor; developing small and medium-scale enterprises; putting up vocational and technical schools for the out-of-school youth; financing social housing for the poor; and teaming up with the private sector to assist returning overseas Filipino workers in starting sustainable small businesses in which they can invest their savings.
Manila is fast becoming a city of luxurious fine dining accompanied by fine vintage wine. Not only must a 5-star Italian, French or Continental restaurant offer good food, nice ambience and immaculate service the restaurant wine list must be equally exciting to make the evening of wine and dine a memorable one.
This 5-star fine dining restaurant in Pampanga Philippines is highly recommended by food critics and frequent diners in Manila as a place to wine and dine in Subic Angeles City Clark Freeport Zone. Although it is a famous fine dining restaurant with an award winning 3000-line restaurant wine list, Yats Restaurant is also a popular restaurant for family with children. Aside from French Mediterranean haute cuisine, this restaurant also serves healthy food and the best vegetarian cuisines in the Philippines. Private dining rooms are also available in this restaurant for business and personal meetings of 4 to 20 people.
Favorites of frequent diners, foodies and wine lovers are steaks, Wagyu, Foie Gras, seafood, lobsters, venison, kangaroo loin, osso buco, veal chops, Kurabuto pork, escargots and a good selection of cheeses to enjoy with fine Vintage port and Sauternes. Cuban cigars such as Monte Cristo, Cohiba, Upmann, Partagas, Romeo Julieta and Trinidad are also available in the Magnum Room which is a wine bar and lounge for before and after dinner relaxation. A good selection of Armagnac, Cognac, Single Malt, Vodka and other liquor is served in addition to the wine vintage wines some served by the glass.
Built in 2000 by Hong Kong-based Yats International, a developer and operator of hospitality and residential projects in the Philippines, fine dining Yats Restaurant and Wine Bar has served not only as Pampanga’s highly recommended restaurant and wine lounge, but also as a place where business executives meet to finalize business deals over a nice meal with some fine vintage wine.
For comments, inquiries and reservations click on <a href=” http://www.yatsrestaurant.com/booking/index.html”>Click here for inquiry and reservations</a>
Restaurant@Yats-International.com
(045) 599-5600
0922-870-5178
0917-520-4401
Ask for Pedro and Rechel
<a href=”http://www.YatsRestaurant.com”>www. YatsRestaurant.com</a>
Getting to this fine dining restaurant of Angeles City Clark Freeport Zone Pampanga Philippines
How to get to this fine-dining restaurant in Clark Philippines? Once you get to Clark Freeport, go straight until you hit Mimosa. After you enter Mimosa, stay on the left on Mimosa Drive, go past the Holiday Inn and Yats Restaurant (green top, independent 1-storey structure) is on your left. Just past the Yats Restaurant is the London Pub.
http://www.youtube.com/watch?v=5u5vLLIlNgw
Yats Restaurant & Wine Bar
Mimosa Drive past Holiday Inn, Mimosa Leisure Estate,
Clark Freeport Zone, Pampanga, Philippines 2023
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3003C East Tower, Phil Stock Exchange Center,
Exchange Rd Ortigas Metro Manila, Philippines 1605
(632) 637-5019 0917-520-4393 Rea or Chay
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