What kind of national economy does the State aim to develop?
The State aims to develop a national economy that is both self-reliant and independent. It is a requirement that this economy be effectively controlled by Filipinos. This ensures that the nation’s wealth benefits its own citizens first. Article II, Section 19 1987 Philippine Constitution establishes this goal for economic sovereignty. “SECTION 19. The State shall develop a self-reliant and independent national economy effectively controlled by Filipinos.” 30-Jan-26About Nicolas and De Vega Law Offices
Nicolas and De Vega Law Offices is a full-service law firm in the Philippines. You may visit us at the 16th Flr., Suite 1607 AIC Burgundy Empire Tower, ADB Ave., Ortigas Center, 1605 Pasig City, Metro Manila, Philippines. You may also call us at +632 84706126, +632 84706130, +632 84016392 or e-mail us at [email protected]. Visit our website https://ndvlaw.com/.
