Global Economic Corridor in QC?

Manila Bulletin, May 15, 2007 | Go to article overview

Global Economic Corridor in QC?


Byline: Hern. P. Zenarosa

THE establishment of a global economic corridor, in any language, is a massive development enterprise that requires not only huge financial backing but also the genius of business leaders and entrepreneurs.

As the center for products and processes and people, it is seen as the propulsive force of unprecedented economic opportunities for the community and the nation.

An economic corridor has no doubt significant potential for employment-generating activities through expanded production and trade.

It is, in fact, its effective poverty reduction and alleviation aspects that make an economic zone a boon to the people and the communities.

***

It is for all these that the Quezon City government should be taken seriously for announcing that it is hosting the country "next global economic corridor."

Never mind that the announcement was made on the eve of the elections; it was obvious it had nothing to do at all with yesterday's voting.

What prompted the global economic corridor idea, we were told, was the blueprint submitted by Mayor Feliciano Belmonte to Malacanang which so impressed President Gloria Arroyo that she immediately issued an executive order creating the Urban Triangle Development Commission.

Under Executive Order 620 the Commission to be chaired by SB Belmonte himself, will develop the 254-hectare Quezon City Central Business District into the country's next global economic corridor.

As center of business and trade it is expected to open opportunities for diverse economic base, knowledge-based workforce, and low operational costs with convenient access to major metropolitan neighbors and to the world.

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