WE OFTEN tend to forget that our country is part of the planet, and that the economies of nations—even their culture and politics—are getting closer and closer to each other, affecting each other more and more. The state of our nation will always be affected by the state of the world, just as it had always been.
THE GLOBAL ECONOMY. President Aquino is lucky in that he assumes office in precisely the period when the state of the world economy is looking better. After the slowdown triggered by the global financial crisis that started in the United States in 2007, the global economy is expected to pick up in the first year of the Aquino II presidency.