RP needs more growth to stop braindrain
It is sad to learn that the Philippines has to improve its economic growth by 14 percent before it can succeed in stopping the exodus of professionals and skilled workers abroad. BNP Paribas chief economist Dr. Andrew Freris made this comment after he was invited by the European Chamber of Commerce of the Philippines, adding that the current economic growth is not enough to curtail the impacts of brain-drain in the country. At present, more and more Filipinos are eager to get out of the country as manifested by the long queues at the various manpower placement agencies and the U.S. Embassy in Manila. As early as 5 a.m., applicants for visas are already forming a long line outside the embassy premises, despite the high fees charged for each visa application. In fact, a large number of Filipinos are already pissed off at the way the government is running its affairs, not to mention the alleged involvement of some government officials in graft and corruption, which all the more hurt the c...