PHL, 1st-world economy in ’50-biz expo chief Palafox

By Raadee S. Sausa

THE Philippines becoming a first-world economy by 2050 is achievable if present challenges are addressed effectively, a renowned urban planner said over the weekend.

“ 2050, we have to start now,” said visionary architect Feleno Palafox Jr., this year’s chairman of the 49th Philippine Business Conference and Expo (PBC&E).

“Achieving this vision entails immediate, short-, medium-, longterm, and visionary goals, plans, and programs that address barriers to growth and sustain the development of the sectors where the country has competitive edge,” he added.

human capital resources [demographic sweet spot], to name a few, are among the many advantages that will make the country a firstworld economy by 2050.”