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Article: De Venecia proposes local fund mobilization.(Main News)
- Article from:
- Manila Bulletin
- Article date:
- September 22, 2001
CopyrightCOPYRIGHT 2001 Manila Bulletin Publishing Corp. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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House Speaker Jose de Venecia called yesterday for a ''large-scale mobilization of the country's internal assets'' to provide a strong stimulus to the Philippine economy.
The decline of the Philippines' traditional export markets in the US, Europe, and Japan has forced the country's economic policy-makers to modify an export-and investments-led strategy for growth, De Venecia said at the Balitaan sa Rembrandt in Quezon City.
"We should have a combination of an outward and inward strategy. We should undertake a large-scale mobilization of our internal assets but this needs a lot of political will to force this action," De Venecia said.
He urged ...