For the past two decades, across four presidential terms, the same contractors have been awarded the largest public works contracts. Whether the president is a Marcos, a Duterte, an Aquino, or an Arroyo, many politically-connected firms have outbid all others, cornering a disproportionate chunk of lucrative public works projects funded from the people’s taxes. Through...
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October 26, 2023October 26, 2023Economy
The dimensions of inequality in the Philippines, by the numbers
Throughout Asia, the Philippines conspicuously stands out when it comes to social and economic inequalities. The latest World Bank calculations place the Philippines at the highest level of inequality in the region (see Table 1). In a grouping of 27 Asian countries monitored by the World Bank, the Philippines ranks No. 1 in inequality with...