That said, someone who’s just lost their job probably won’t take comfort from being able to buy a cheap smartphone, though. So there’s a real danger that people might begin to turn against globalisation. But rolling out protectionist measures would remove a cornerstone of prosperity, even if they do promise to alleviate the situation in the short term.
I also count on BMAP to continue supporting Bangko Sentral’s various initiatives on economic and financial education covering our 12 million schoolchildren, our youth, our Overseas Filipinos and their dependents, and the public in general. This includes “Tulong Barya Para sa Eskwela” and the integration of lessons in saving and money management in our public elementary school curriculum.