Extract taken from The Economist magazine August 23rd 2014 …
After years of puttering along as the tiger economies in the region roared, the Philippines is finally showing some growl of its own. Between 2008 and 2012, GDP grew by an average of 4.7%, rising to 7.2% in 2013. Investment and private consumption also posted strong gains in 2013, both aided by remittances from Filipinos working abroad.
But concerns remain. Corruption remains endemic despite official campaigns to stamp it out. The Philippines still falls in the bottom half in the Corruption Perception Index by Transparency International. It does similarly badly in the World Bank’s “Doing Business” table: starting a business in the Philippines can leave entrepreneurs mummified in red tape.
The president of the World Bank said that the Philippines could be “the next economic miracle in Asia”. It would help if growth were felt by the poorest residents; at the moment, poverty rates remain stubbornly high. Much employment still happens in the informal sector.
Some wonder where the rapidly expanding labour force – a result of having a median age of just 22.3 years – will find jobs. A youth bulge can be a great asset for an economy. Without jobs, however, it can turn into a liability very quickly.
Bees and pollination are vital for providing jobs and food security.
This website repeatedly shows the crucial connection between the pollination environment and the relative success and employment opportunities for many of these agricultural sectors. Planners in government departments, educators, farmers, and businesses such as supermarkets can benefit from taking a strategic viewpoint, so that the youth bulge becomes an asset for the economy rather than it turning into a liability.