On changing the economic provisions of the 1987 Constitution: More foreign investment does not mean more development

January 26, 2023

by IBON Foundation

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The House Committee on Constitutional Amendments recently held a hearing on proposed amendments to the 1987 Constitution. In this position paper, IBON raises five major points inviting the committee to be more circumspect about charter change, specifically of the economic provisions, and to put foreign investment in its proper historical and development context.