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Arsenio M. Balisacan
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Higher economic growth for 20112016 Growth that generates mass employment Growth that reduces poverty, including achievement of Millennium Development Goals
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Social Contract
Transparent, accountable and participatory governance
PDP 2011-2016
Promote transparent and responsive governance
Poverty reduction and empowerment of the poor and vulnerable Rapid, inclusive and sustained economic growth
Just and lasting peace and the rule of law Integrity of the environment and climate change mitigation and adaptation
Achieve stable macroeconomic environment Boost competitiveness in productive sectors Improve access to financing Invest massively in physical infrastructure Advance peace process and guarantee national security Ensure ecological integrity
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Supply Side 12 10 8 6 4 2 0
6.8
10.6 5.4
9.9
GDP Growth
6.8%
Industry
Manufacturing 2012
Demand Side
6.6 5.3
12.215.3 -3.2
Source: NSCB
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We are on track with respect to our economic targets; the present challenge is to improve social outcome targets.
7-8%
Gross Domestic Product
22%
Investment/GDP ratio
6.8-7.2%
Unemployment Rate
16.6%
Unemployment rate 7.0% (2012) 7.3% (ave. of LFS 2013 Jan, Apr &
Jul round)
Underemployment rate 20.0% (2012) 19.8% (ave. Jan, Apr & Jul 2013)
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14.4
NCR, Reg III and IV Other Luzon Visayas Mindanao
12.7
8.8
64.1
S1 2006
S1 2009
S1 2012
FY 2015
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19.8
7.3
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Lessons Learned:
Macroeconomic (fiscal, financial, external) and political stability fuels positive expectations that lead to growth. Growth strategies need to have spatial and sectoral dimensions to ensure inclusivity.
Disasters can negate the gains and even push back development.
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Social Business Summit 2013
GK Enchanted Farm - Bulacan, Philippines
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Guiding Principles
Efficiency (catalytic; government intervention facilitates and not substitutes for private action) Equity (broadening opportunities through connectivity, human capital investments) Feasibility (doable within the Plan period)
Desired Outcomes
Rapid increase in employment opportunities to significantly reduce the stock of unemployed persons Significant reduction in poverty incidence to come as close as possible to the MDG
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Ecological Integrity
Market demand
Boost competitiveness
Infrastructure
Social Business Summit 2013
Macroeconomic Stability
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We need to reduce the cost of doing business to enhance the investment climate
Reduce the cost of doing business Quality infrastructure Streamlining of registration and licensing procedures Implementation of programs and projects that address bottlenecks Strengthen the contribution of construction and utilities in line with the infrastructure development program (i.e., transport and power) Diversify manufacturing: Strengthen other subsectors Diversify exports Promote higher value chain subsectors Strengthen link with agriculture (agri-industry)
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Human capital investments are needed to increase labor productivity and boost competitiveness
PESO and skills registry Better partnership with industry with respect to curriculum design TVET programs
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Provide opportunities for employment and livelihood for the poor Link the poor with different market players throughout the supply chain Help mobilize resources of the private sector in attaining social goals For example: For poverty reduction: provision of credit to the poor For health: production of affordable but high quality medicine
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The government will continue to promote social enterprises and social businesses. Streamlining business procedures and processes Improving peace and security conditions Upgrading knowledge and skills Engaging in policy dialogue with business, basic sectors, local government
.
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Growth is inclusive if the poor not only benefit from it but also contribute to it. Social businesses and social enterprises help make this happen.
Arsenio M. Balisacan
Secretary of Socio-Economic Planning
Social Business Summit 2013 GK Enchanted Farm Village University. Bulacan Philippines 03 October 2013
Social Business Summit 2013
GK Enchanted Farm - Bulacan, Philippines