An economic Cha-cha will enable the Philippines to respond to 'global realities,' according to the Foundation for Economic Freedom group.
A group of economists said Thursday that the proposed measure that aims to amend the economic provisions of the 1987 Constitution would give way to legislations that respond to the current "global realities."In a statement, the Foundation for Economic Freedom emphasized that RBH7 and its counterpart RBH6 in the Senate "will provide certainty to the country’s economic policy direction.
"This means that actual competition or even the threat of competition from foreign players will lead local players to improve the quality of and access to, their goods and services if they know that new entrants from abroad can be facilitated by Congress,” it added.
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