philippine news

Dec 14, 2004

Corporate monopoly causes employment reduction, increase of migrant workers

Darwin G. Amojelar
The Manila Times

Corporate monopoly caused employment reduction and helped increase the numbers of Filipino migrant workers, according to an economist at the Ateneo de Manila University.

?Corporate monopoly tends to be less efficient. They don?t want to increase their production because they are already benefiting and the profit rate is maintained without increasing their productivity,? Leonardo Lanzona, Ateneo de Manila economics professor said during a forum…

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