Can ‘blue economy’ help raise PHL to middle-class status? • Malou Talosig-Bartolome

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MANY Filipinos are probably unaware that their national government has a grand vision of eliminating poverty by 2040. Recently, the National Economic and Development Authority (Neda) and the National Security Council (NSC) released two interesting documents that spelled out the plans of the Marcos Jr. administration: the Philippine Development Plan (PDP) 2023-2028, and the Philippine

MANY Filipinos are probably unaware that their national government has a grand vision of eliminating poverty by 2040.

The NSC, on one hand, incorporated for the first time its vision for the Philippines as an archipelagic country: “A free, resilient, peaceful, and prosperous archipelagic and maritime nation, at peace with itself and its neighbors, enabled and protected by reliable defense and public safety systems.”

Can this new realization of national identity as a maritime nation steer the economy toward the middle-income bracket?THE maritime space is bigger than the “land space” in the Philippines. But most of the country’s laws, policies and economic activities are focused on land, lamented Dr. Julio Amador who is the founder of Amador Research Services.

To achieve a state of blue economy, the departments of Agriculture, Trade and Industry, Environment and Natural Resources, Science and Technology, as well as other “relevant agencies,” must “allocate the needed resources to harness the full potential of the blue economy.”Dr.

But what is the 2015-2018 level? “Baseline and targets will be updated upon the release of the official 2021 data from the ‘Family Income and Expenditure Survey’ in the 1st quarter of 2023,” the footnote reads.

 

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