29/08/2026
Dr. Bernardo Villegas, economist and University Professor Emeritus, discussed the Philippines’ prospects for economic growth during Founders Talk: A Special Lecture on the Philippine Economy’s Journey held on August 28, 2026, at the Dizon Auditorium.
Villegas emphasized the importance of the humanities and liberal arts in developing industrial economists, citing critical thinking, communication, and the ability to connect different fields as essential skills. He also encouraged students to keep up with current events and take a stand on issues affecting the economy.
Discussing the country’s growth prospects, Villegas challenged projections that the Philippine economy cannot grow beyond 6% annually. He identified food and agribusiness, infrastructure, tourism, and high-value electronics manufacturing as key industries that could contribute to 7–8% annual growth over the next two decades.
Villegas also urged students to pursue master’s degrees and continuing corporate education, arguing that a bachelor’s degree alone may no longer be sufficient for developing expertise and preparing for leadership in their respective industries.
During the open forum, Villegas discussed issues including the Luzon Economic Corridor, Pax Silica, skilled-worker migration, renewable energy, artificial intelligence, and the potential for nickel downstreaming in the Philippines. He stressed the importance of high-value electronic manufacturing over data centers, citing their relatively low employment and high water and energy consumption.
Villegas concluded by expressing optimism in the country’s younger generation, saying that with the help of Gen Z, the Philippines can become a first-world economy.
Photos from: Business Economics Association (BEA)
