Sunday, November 17

Tag: UST Young Economists’ Summit

Agriculture’s contribution in country’s economy challenged in summit

Agriculture’s contribution in country’s economy challenged in summit

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    THE CONTRIBUTION of the agricultural sector to the country's economy was challenged during the first UST Young Economists Summit held Monday. UST Department of Economics Chair Emmanuel Lopez said concentration should not be on agricultural areas but on the archipelago's aquaculture. "Don’t try to be misled that the Philippines is basically an agricultural country. It’s not. There’s an agricultural area that we are to explore but we should not be concentrating on that because for so many years, it has contributed almost mini in terms of development." He added that the country is “geographically unfit and historically misaligned in terms of priorities” which is why the agricultural sector has been yielding poor returns since the 1960s. "Concentrating on aq