Duterte is rocking the world through a diplomacy of creative destruction
WHEN President Rodrigo Duterte boldly sent the European Union ( EU) packing his critics screamed in horror as if it was the end of world. intrusive conditionalities.
He is steering the country into principal lender in our ambitious infrastructure program. His critics more so that someone claimed in Chinese media that the country’s natural resources serve as collateral only the naïve will believe them. It is already a well- known fact which recently went into motion when it acquired control over a piece of land in Sri Lanka when the latter was unable to pay back.
paint the President as totally clueless about this. I am beginning to realize that he is in fact fully aware of the consequences if our country will not be able to pay our debts. But that is a big if. What he has effectively deployed is to set us up with a heavy us into making sure that we will not fail. And instead of wallowing in the imagined fear of not being his critics should instead help in ensuring that we will by keeping our economy robust.