Deep Dive with Richard Heydarian
Sep 21, 2026 · 1 hr 31 min · 11 segments
A conversation with Dean Raul Fabella, Dean Ador Torneo & Professor Jesus Felipe.
Richard HeydarianHost
Ador TorneoGuest
Raul FabellaGuest
Jesus FelipeGuest
Antonio CarpioGuestAnd last point, Professor Felipe, of course, the Philippines is moving towards a new administration, so we can say about all the things that did not happen under the outgoing administration.
Is there still a chance for the next Filipino president to make a difference? Because if you were to follow your book, It looks like the Philippines is not going to be even the bare minimum high-income country, the bare minimum threshold to be a high-income country, which is around $12,000, $13,000 as of now.
Is there still a chance? Because some people are wondering maybe it's too late.
The Philippines has missed the train of investing in its basic infrastructure and healthcare.
Could a good administration for six years or the next 12 years make that decisive difference so that by 2050 it's much rosier than your very realistically grounded book?
All we are saying is, if we continue doing the same things that we have done until
and what we call more of the same, we created the acronym MOTS, M-O-T-S, this is as far as we go.
And the story is to say, what do we need to do so that it doesn't happen? But we need to say, we argue in the book is, of course, the recipe is not that complicated.
What is the reality of the country? What is the starting point? The second one is focus, and focus on one on transforming the economy.
Transforming the economy really means we need to develop manufacturing sector and really focus on agriculture, obviously.
Now, if you ask me the question, are we gonna be able to industrialize the way South Korea did it? Impossible.
now but at the same time if you ask me is it impossible for the philippines to get into some niches i said of course not
And last point, Professor Felipe, of course, the Philippines is moving towards a new administration, so we can say about all the things that did not happen under the outgoing administration.
Is there still a chance for the next Filipino president to make a difference? Because if you were to follow your book, It looks like the Philippines is not going to be even the bare minimum high-income country, the bare minimum threshold to be a high-income country, which is around $12,000, $13,000 as of now.
Is there still a chance? Because some people are wondering maybe it's too late.
The Philippines has missed the train of investing in its basic infrastructure and healthcare.
Could a good administration for six years or the next 12 years make that decisive difference so that by 2050 it's much rosier than your very realistically grounded book?
All we are saying is, if we continue doing the same things that we have done until
and what we call more of the same, we created the acronym MOTS, M-O-T-S, this is as far as we go.
And the story is to say, what do we need to do so that it doesn't happen? But we need to say, we argue in the book is, of course, the recipe is not that complicated.
What is the reality of the country? What is the starting point? The second one is focus, and focus on one on transforming the economy.
Transforming the economy really means we need to develop manufacturing sector and really focus on agriculture, obviously.
Now, if you ask me the question, are we gonna be able to industrialize the way South Korea did it? Impossible.
now but at the same time if you ask me is it impossible for the philippines to get into some niches i said of course not
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