Excerpts from the speech of Senator Manuel “MAR”
Roxas II, Liberal Party president, at the September
launch of the Philippine edition of the Economic
Freedom of the World (EFW): 2008 Report.
He explains that economic freedom is based on property
rights. When these are protected by law, Filipinos are
free to produce and trade goods. Unfortunately, the
country’s ungainly laws and inefficient judicial
system restrain it from moving forward.
The EFW report is a valuable tool in measuring the
impact of economic freedom on the lives of Filipinos.
It presents solid data linking it and growth, prosperity
and social development. However, the report cannot
resolve our challenges for us. It can merely inform
and warn us that the need for better governance exists.
For more information on the Philippine edition of
the EFW 2008 report, please click here.
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