Sadly, DepDev looks all set to be another economic planning agency needing teeth. A few weeks ago, President Ferdinand Marcos Jr. signed into law a bill
A few weeks ago, President Ferdinand Marcos Jr. signed into law a bill replacing the National Economic and Development Authority with the Department of Economic Planning and Development and revising the structure of the national economic planning agency.
The news of the replacement of NEDA by DepDev was received with little interest by the Filipino people. Except for one or two columnists who speculated on the significance of the change for the leadership of government’s economic management tea, the people of this country generally gave scant attention to the administrative change that had just taken place.
The key difference between economic planning in a totalitarian society and economic planning in a democratic society is, of course, that in a totalitarian society economic planning and GDP distribution are done by the same people. In a democratic society, on the other hand, economic planning is done by one group of people – DepDev in this country – and GDP distribution is done by other groups of people.
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