Deep Dive with Richard Heydarian
"ECONOMICS": WHY THE PHILIPPINES IS UNDERDEVELOPED!??
Aug 17, 2026 · 2 hr · 13 segments
A conversation with Professor Jesus Felipe.
- Speakers
Jesus FelipeGuestRichard HeydarianHost
Deep Dive with Richard Heydarian
Aug 17, 2026 · 2 hr · 13 segments
A conversation with Professor Jesus Felipe.
Jesus FelipeGuestRichard HeydarianHost
No, no, uh, uh, the, the country, I mean, the Philippines is not exceptional in, in, in compared to, uh, I mean, when we compare ourselves to, to Singapore and say, well, things, things are not as good as Singapore, eh, the difference with respect to Singapore was really nil in 1965.
Um, but if you travel to, uh, I would say a significant portion of the globe, well, you know, it starts helping you understanding that the situation of the Philippines is not, not that bad.
Obviously you go to most parts of Africa, eh, and situation are, is, is very, very different.
Yeah, and in a way you could say the Philippines is somewhere in the middle, right? I mean, you can see that in key indicators, human development index, per capita, things we'll discuss even more, including corruption, right, which people think, oh, is the Philippines is the most corrupt country.
Like, I, when I hear it, it's like, my goodness, where did these people get their data?
Um, Professor Felipe, I mean, y- definitely I see you as, I don't know if I can use the word patriot, but clearly I always seen your love for the Philippines, and I consider you as my fellow Filipino.
At the same time, I mean, just, just, uh, a, a little bit sidebar, your, uh, motherland, if I can put it that way, España.
I mean, not long ago, right, if you go across Europe, Spain was seen as the kind of a backwater nation.
In fact, I was just in Poland last year and I was talking to my Pole friends, because the Poles are very proud, right? Like, they're the new G20 economy now.
I said, "Oh, have you been to Spain? Spain is actually doing fantastic." You know, second largest car manaf- They couldn't believe it, 'cause they were still in these old stereotypes [laughs] of Spain as this kind of a cheaper Southern European country to go to.
Um, um, you know, the history of Spain is very long, from the, the, the days of the colonial period.
Um, eh, since basically, I mean, the empire of Spain, that was a matter of one century, basically, the, the 16th century.
After the 16th century, Spain was overtaken by England, the Netherlands, France, et cetera.
No, no, uh, uh, the, the country, I mean, the Philippines is not exceptional in, in, in compared to, uh, I mean, when we compare ourselves to, to Singapore and say, well, things, things are not as good as Singapore, eh, the difference with respect to Singapore was really nil in 1965.
Um, but if you travel to, uh, I would say a significant portion of the globe, well, you know, it starts helping you understanding that the situation of the Philippines is not, not that bad.
Obviously you go to most parts of Africa, eh, and situation are, is, is very, very different.
Yeah, and in a way you could say the Philippines is somewhere in the middle, right? I mean, you can see that in key indicators, human development index, per capita, things we'll discuss even more, including corruption, right, which people think, oh, is the Philippines is the most corrupt country.
Like, I, when I hear it, it's like, my goodness, where did these people get their data?
Um, Professor Felipe, I mean, y- definitely I see you as, I don't know if I can use the word patriot, but clearly I always seen your love for the Philippines, and I consider you as my fellow Filipino.
At the same time, I mean, just, just, uh, a, a little bit sidebar, your, uh, motherland, if I can put it that way, España.
I mean, not long ago, right, if you go across Europe, Spain was seen as the kind of a backwater nation.
In fact, I was just in Poland last year and I was talking to my Pole friends, because the Poles are very proud, right? Like, they're the new G20 economy now.
I said, "Oh, have you been to Spain? Spain is actually doing fantastic." You know, second largest car manaf- They couldn't believe it, 'cause they were still in these old stereotypes [laughs] of Spain as this kind of a cheaper Southern European country to go to.
Um, um, you know, the history of Spain is very long, from the, the, the days of the colonial period.
Um, eh, since basically, I mean, the empire of Spain, that was a matter of one century, basically, the, the 16th century.
After the 16th century, Spain was overtaken by England, the Netherlands, France, et cetera.
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