Why the Philippines is poor – take 3

Was thinking about this topic for the nth time.

This was Take 1.

And here’s Take 2.

This was Take 2.5.  Something about tycoons and how they behave.

Somewhere else I said:

“This means that oligopolies in increasing-return sectors are likely not good long-run investments. But start-ups who can think through a way to “cut them up” are. The trick is finding such needles in the haystack.”

A few good start-ups can also do something about the poverty trap.



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