Business

Balisacan: Prolonged school closures threaten economic growth and may make more Pinoys poor

Seasoned economist Arsenio Balisacan has expressed concern over the adverse consequences of delaying school reopening, saying this may result in continued economic turmoil for most marginalized families.

Balisacan, who heads the Philippine Competition Commission, said school closures, which have been part of measures to stop the spread of the coronavirus, could also be devastating for the economy.

“The long-term impact of school closures in developing countries could be devastating. In PH, the closures would make it far harder for the poor Filipinos to escape poverty & for the country ever to join the ranks of its prosperous East Asian neighbors,” Balisacan said.

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