AIM RSN Policy Center conference tackles Shared Prosperity
In partnership with the Konrad-Adenauer-Stiftung (KAS), the Asian Institute of Management Rizalino S. Navarro Policy Center for Competitiveness held a conference titled Towards a Shared Prosperity: Building Synergies in Competitiveness and Development last Wednesday, August 24, 2016 at the Mayuree 1 Ballroom, Dusit Thani Manila, Makati City.
The conference aimed to raise public awareness and engage stakeholders on the importance of shared prosperity— growth that is shared across sectors and income deciles—to achieving a dynamic and competitive Philippine economy. It was attended by over 200 participants from the academe, the business community, media, and civil society, as well as students from various institutions.
AIM RSN Policy Center Executive Director Jamil Paolo Francisco kicked off proceedings with some observations on the country's recent strong growth.
“Prosperity gains must be shared for prosperity to be gainful. It must not depend on trickle-down economics, nor on wealth distribution,” Dr. Francisco said. “Growth must cut across all sectors as it happens, not after the fact.”
Keynote speaker and National Economic and Development Authority (NEDA) Deputy Director-General Rosemarie Edillon then delivered a keynote address on her agency's AmBisyon Natin 2040 program, which used input from Filipinos from different walks of life to present a united vision for the country by 2040.
For the conference's opening session, Atty. Anthony Abad of Bloomberg TV Philippines moderated a panel on Promoting Shared Prosperity for Competitiveness. Guillermo Luz of the National Competitiveness Council discussed the NCC's efforts to improve ease of doing business and more effectively compete with the rest of ASEAN for investments, trade, and human resources. Fabian Bigar of the Prime Minister of Malaysia's Performance Management and Delivery Unit related his country's push for high-income status through concrete programs and consistent evaluation of Cabinet ministers. Finally, the AIM RSN Policy Center's own Emmanuel Garcia presented the Center's findings and recommendation on Shared Prosperity in the Philippines.
The second session, on Recasting the Role of Business in Society, featured Bart Édes from the Asian Development Bank speaking about inclusive business and the importance of public-private partnerships (PPPs) and corporate social responsibility (CSR); Coffee for Peace, Inc. founder and CEO Joji Pantoja on her quest to promote peace in Mindanao through livelihood; and Gisela Tiongson, Jollibee Group Foundation Executive Director on how sustainable CSR can create shared value for both beneficiaries and project implementers.
The final session on Coordinating Shared Action for Shared Prosperity began with World Bank Senior Economist Pablo Acosta's presentation on the benefits of the country's conditional cash transfer program (CCT). Next, Credit Information Corporation President and CEO Jaime Garchitorena and Griselda Santos, Senior Financial Sector Specialist of the International Finance Corporation, discussed how important access to financial and credit information is to fostering micro, small, and medium enterprises in the Philippines. Finally, Naga City Mayor John Bongat shared Naga's secrets to success after being named Most Competitive City in 2015 and 2016.
After a day of insightful presentations and open forums actively participated in by attendees, the conference was closed by KAS Philippines Country Director Benedikt Seemann, who related how the ideas of Shared Prosperity and a social market economy contributed greatly to Germany's renewal and continued success since World War II.
Conference materials and the AIM RSN Policy Center's working paper The State of Shared Prosperity in the Philippines can be found here.
|<<More News and Announcements|