Every generation needs a revolution - an entrepreneurial revolution
Rizal Philippines
January 23, 2017
From Bloomberg - rebalancing Chinas economy
NHK recently featured China's strategy to jump start economy. It is moving development to 3rd tier cities relocating many migrant farmers from 2nd tier cities. It is called hukou. I t will help soak the excess housing in the 3rd and fourth tier cities, and create more consumer driven economy
How we wish we could do that as we legislate in creating cities, we should invite give incentives to industries and developers to move to this cities. Thus decongesting MM and evenly spreading progress at the country side. Some cities like Sto Tomas, Tanauan Bacoor fall into this mold; but others do not. (natural ;progression because of MM spill over?)
China has finally encouraged labor mobility following years of restrictions
But the documentary says that such move, sound as they may from macro economic point of view has dire consequences in the lives of the farmers. Many simply can not adopt to the changes. The farmers former businesses are demolished and they are forcibly forced to move out. There is lack of consultation with the those affected parties and lack of safety net to those affected. It would have been perfect.
We lack the thoroughness in the country to plan this way, and to give the same support to spread development and entrepreneurship across the nation
