Showing posts with label Philippine economy. Show all posts
Showing posts with label Philippine economy. Show all posts

2.10.2007

trickle-down effect

"We will not grow rich by pulling the rich down but by pulling the poor up. We should bring up everybody... spread the wealth that way."


- Philippine President Gloria Macapagal Arroyo on why the benefits of the country's spectacular economic growth have not trickled down to the grassroots.
[PDI, February 10, 2007]