In effect, the United States was the "nth" country in the global economic system, meaning that U.S. economic preeminence implied that policy--including monetary policy--could be set essentially independently of the global economy; our trading partners would have to react to the downstream consequences of U.S. developments.
I believe so. Apart from the country’s strong fundamentals, the government’s commitment toward sustaining its structural reform agenda would lend critical support to achieving our growth potential. The BSP shares the same commitment. After all, we follow the framework of the Three P’s.