(MANILA) Members of the Asia-Pacific Economic Cooperation Business Advisory Council (ABAC) has finalized its recommendations for submission to the APEC Leaders to address challenges being faced by policymakers and businesses in APEC member-economies. ABAC 2015 Chair Doris Magsaysay-Ho, in a briefing Monday, said they expect their “two-fold” recommendations to generate new drivers of growth as well as address income inequality. She explained that the traditional growth drivers “are running out of steam.” “Export-led growth is […]
Tag: APEC economies
World Bank exec advises Asia-Pacific countries to invest in education to address inequality
(LAPU-LAPU CITY, Cebu) Asia Pacific countries should invest in education and social protection to address inequality within their economies and this includes the Philippines, a World Bank official said on Friday. In his message during the APEC Finance Ministers’ Meeting here, World Bank Vice President for East Asia and the Pacific, Axel van Trotsenburg, said most poor households rely on labor as their only source of income. Making labor productive through quality education and skills […]
