I've skimmed it and I had initially assumed it was going to be factual with some (conservative) projections. Pero, maybe a third into the book, I had realized that it had seemingly turned into an op-ed. Now, he has some points that the BRIC nations are currently or will be facing their economic "woes" in the near future. I could understand that. He points out that the BRIC nation will be bearing the brunt of the effects of inflation and will drastically slow their growth--et cetera. Those are facts. My problem is how he accounts the TIP (Turkey, Indonesia, Philippines) countries, without any depth. I just cannot see how sustained growth can be existent in this country, especially with the setup we have. Now I don't know if he hit got it right with Turkey or Indonesia as I don't know how it works there, pero here?
My answer to your question is, a relatively competitive currency,
potentially large workforce, resources--we've always had that, what he didn't put into account is our laws (might have missed it, but I dont think so). So ang major catalyst is the decline sa BRIC growth. Meaning opportunity happens to be knocking on our door. This administration can do good by capitalizing on that opportunity, and by capitalizing I mean call for much needed revisions, really fast, really soon. If we don't igo ra ta ug 3-5 year growth nya stagnate nasad. We need that prolonged decade+ growth badly. Like what Malaysia and Thailand had in the 80s, and what Indonesia had in the 2000s. Ato nasad turn, I hope, if get our act together.
The last time we had the same opportunity was under Ramos, sa Time paman gani to hapit ma-tiger ang Pilipinas. But it fizzled out partly because, well Asia's economy got rocked in 97 and na-apil tah, unfortunately. After that it was all China in the late 90s and so forth. I'd like to add sad that we've gained momentum in 2004-2005 pa, one reason nabutang ta sa N-11 by Goldman Sachs. It slowed down after 07 (or 0

.
So before you go on credit grabbing, call her a villain, corrupt or dastardly, si "putot" ang part sa rason nanung naa tay momentum, and its up to Noynoy to stabilize it. Grab the credit when the deed is done, but before then, lihok. Dili mag sige ug bask sa glory, kay di na importante ang mga speculations ug projections sa experts. Karun nga naay indicators nga ang BRIC muhinay, chance na sa Pilipinas nga maka-sustain ug growth. As investors jump ship ana nila, pwede na sila mu-ambak nato, IF we play our cards right. Carpe Diem, Pilipinas.