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Date Posted: 01:51:53 03/30/12 Fri
Author: IMRD
Subject: March 30, 2012 news

http://www.malaya.com.ph/03292012/busi11.html

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Future growth hinges on demographics
BY JIMMY C. CALAPATI
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THE country’s economic growth in the future depends largely on the prominence of the working population, also called the demographic window concept of the United Nations.
Demographic window is defined to be that period of time in a nation’s demographic evolution when the proportion of the working age group in the population is particularly prominent.
This occurs when the demographic architecture of a population becomes younger and the percentage of people able to work reaches its height.
Typically, the demographic window of opportunity lasts for 30-40 years depending upon the country.
If the timeline for this concept is to be followed, the Philippines will enter this phase by 2015 and will last for 35 years, ending by 2050.
Bangko Sentral Governor Amando Tetangco said that the period means "the people have the purchasing power, purchasing capacity which can drive consumption, investment and therefore faster economy."
"If the economy is growing, underlying that growth would be the increase of employment as well. So as you grow you can generate more employment and therefore you can have more people employed and therefore being able to spend and help fuel growth in the economy," Tetangco said.
He believes that Filipinos have the needed skills to enter that phase.
"How many graduates do we produce every year? Half a million? So there is this pool of educated youth, Filipino youth that can be gainfully employed in the economy," Tetangco said.
He cited that the Philippines has become an important business process outsourcing (BPO) center because of the availability of skilled manpower.
"And if you look at the age of the BPO employees, they are quite young but they receive good salaries and therefore they are able to finance consumption," Tetangco said.
According to the concept, the country’s median population in year 2000 stood at 20.9. By the end of the demographic concept, the median will be at 37.5.
Tetangco said that investors should take advantage of this concept.
"If you’re an investor and you’re looking at the potential of an economy in terms of the size of the market, they’ll consider this demographic window that the Philippines is about to enter," Tetangco said.
The concept is not entirely new.
According to a study done by the UN Population Department, Europe’s demographic window lasted from 1950 to 2000.
It began in China in 1990 and is expected to last until 2015.
India is believed to have entered the demographic window in 2010, which may last until the middle of the present century.
Much of Africa will not enter the demographic window until 2045 or later.
"This has been proven historically. Our average age is 22.2 years. So by 2015 we’ll reach that window. And we’ve seen the experience of other countries – Thailand, Malaysia – in the region that have benefited from this demographic window concept," Tetangco said.
The UN explained that because of the mechanical link between fertility levels and age structures, the timing and duration of this period is closely associated to those of fertility decline: when birth rates fall, the age pyramid first shrinks with gradually lower proportions of young population (under 15s) and the dependency ratio decreases as is happening (or happened) in various parts of East Asia over several decades.
After a few decades, low fertility, however, causes the population to get older and the growing proportion of elderly people inflates again the dependency ratio as is observed in present-day Europe.
The UN said it is a period when the proportion of children and youth under 15 years falls below 30 per cent and the proportion of people 65 years and older is still below 15 per cent.
The UN also said that societies that have entered the demographic window have a smaller dependency ratio, or the ratio of dependents to working-age population and therefore the demographic potential for high economic growth as favorable dependency ratios tend to boost savings and investments in human capital.
http://www.manilastandardtoday.com/2012/03/28/tetangco-says-population-will-bolster-growth/

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Tetangco says population will bolster growth
Wednesday, 28 March, 2012 Written by Elaine Ramos Alanguilan
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A large pool of young workers will support economic growth in the next few years, Bangko Sentral Governor Amando Tetangco Jr. said Wednesday.
Tetangco said in a speech before the Philippine Investment Forum the country’s large population of young workers with purchasing power provides the economy with the so-called demographic dividends that are good for consumption and investments.
He said the Philippines would enter the demographic sweet spot by 2015. “Population would be a source of economic growth,” he said, adding that the concept of demographic dividends has been proven historically.
“That concept, the demographic window, is that period in an economy’s history where more people or a prominent portion of the population is of working age. That means these people have the purchasing power, purchasing capacity, which can drive consumption, investment and therefore faster economy,” said Tetangco.
“Our average age is 22.2 years. So by 2015, we’ll reach that window. We’ve seen the experience of other countries — Thailand and Indonesia—in the region that have benefited from these demographic dividends,” said Tetangco.
He said the Philippines would be the last major economy in Asia to enter the so-called demographic sweet spot. “If you’re an investor and you’re looking at the potential of an economy in terms of the size of the market, they will consider these demographic window that the Philippines is about to enter,” said Tetangco.
Tetangco noted that nearly half a million graduates enter the labor force each year, providing companies with a big pool of manpower to fill their requirements.
“If the economy is growing, underlying that growth would be the increase of employment as well. So as you grow, you can generate more employment and therefore you can have more people employed who are able to spend and help fuel growth in the economy,” said Tetangco.

http://www.philstar.com/Article.aspx?articleId=792164&publicationSubCategoryId=64

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Women rage for RH
FROM THE STANDS By Domini M. Torrevillas (The Philippine Star) Updated March 29, 2012 12:00 AM Comments (1)




To celebrate women’s month, Reproductive Health Advocacy Network is inviting men and women to join Women Rage for RH, a rally against gender discrimination for women’s empowerment tomorrow, March 30. The rally will be held from 3:30 to 7 p.m. at the Bantayog ng mga Bayani Grounds, Quezon Avenue corner EDSA, Quezon City.
Dr. Junice l. D. Melgar, RHAN secretary general, says the gathering aims to unify women and women supporters on the central place of reproductive health and rights in women’s lives; creatively and collectively express outrage at the capture of health-policy-making by religious conservatives, and highlight the value of women’s lives and empowerment in nation-building.
The event will include an art exhibit showcasing Agnes Arellano’s sculptures on women’s bodies, booths/stations where participants can enjoy several means to creatively express their frustrations over the ongoing delays in the passage of the RH Bill, a ritual of commitment through dance, chants, noise-making, and a cultural program of poetry reading and performances by pro-RH artists and personalities.
For inquiries call Likhaan (9266230 or 4113151, or through mobile phones 0915-4079894 (Joy Salgado), 0916-6025203 (Ellen San Gabriel), or 0927-4250213 (Mina Tenorio).
* * *
As the country gears up for graduation season, parents are surely looking forward to posting their children’s milestone achievement on various social networks such as Facebook and Twitter. And without a doubt, they’ll also be texting or emailing relatives and friends details of the occasion. Indeed, recording our memories has gone digital.
Times may have changed but the foundations of learning remain constant. Paving a smooth road to graduation would not be possible without the untiring support and caring environment that parents give their children. If certain values were not instilled from the beginning of their school experience, it is possible that graduation would not become a reality. Good habits in effectively learning lessons that are taught in and out of the classroom must be reinforced at an early age. Take it from Ralph Waldo Emerson who said, “Sow a thought and you reap an action; sow an act and you reap a habit; sow a habit and you reap a destiny.”
Numerous studies have shown that good nutrition is the most overlooked, yet vitally important, part of good academics. Because of this, a number of schools have looked into projects that promote healthy eating among their students. An example is a recent initiative that had private corporations and benefactors sponsoring a vegetable garden in selected public schools. The goal of this is to encourage the schoolchildren to become emotionally invested by growing their own food, thus inspiring them to eat more. That was also the thrust of Senator Ed Angara’s highly successful “Oh My Gulay” (OMG) project that was launched early last year and drew nationwide support.
Similar causes like this help children realize the value of practicing healthy eating habits. This can affect their productivity levels for the rest of their lives. It is a fact that many of our countrymen subsist on instant or ready-to-eat pre-packed mealsm regardless of the nutritional value. Admittedly, cost is a determining factor for choice of food, but the long-term effects might just possibly be an expense that should not be ignored.
There have also been initiatives to improve awareness about vitamin supplementation, under the umbrella idea that “an ounce of prevention is better than a pound of cure”. Vitamin C has obviously taken the lead in this endeavor, considering that it is the most well-known immunity booster, with the added benefit of promoting the proper development of skin, bones, blood and teeth, as well as enhancing iron absorption.
Companies like GlaxoSmithKline (GSK) have even made determined efforts to make vitamins more enjoyable for children (and even adults, I might add). I am told that GSK’s new ascorbic acid called Scott’s Vitamin C Pastilles was painstakingly engineered in order to create a taste that’s most acceptable to children. After all, it really is quite difficult to administer thick syrup or an odd-tasting pill to kids, much more to encourage them to make it a part of their daily routine. If you’ve tried Scott’s Pastilles (as I have), you’ll find that they’re so delicious that the challenge may be to stop the young ones – and yourself – from finishing an entire packet in one sitting. In a manner of speaking, therefore, a daily dose of vitamins (either from food and/or supplements) leads to a daily dose of possibilities. Once we instill the values of proper diet and nutrition to our children, their scholarly life can be properly supported. After all, someone once advised that “if the body is feeble, the mind will not be strong.” That man turned out to be quite a remarkable student, had quite a distinguished career, and ended up defining the history of a nation.
That definitely, is food for thought.
* * *
My email: dominimt2000
Source of Philippine Daily News

http://www.journal.com.ph/
http://www.inquirer.net
http://www.mb.com.ph
http://www.tempo.com.ph
http://www.manilastandardtoday.com/
http://www.tribune.net.ph/
http://www.bworldonline.com/
http://www.manilatimes.net
http://www.malaya.com.ph/
http://www.philstar.com
http://www.businessmirror.com.ph/

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