Tariff cuts culprit for high jobs, fiscal deficits

By Cai Ordinario

Oct 02, 2004 10:29 am

A NONGOVERNMENT research agency on Friday blamed trade liberalization as the main culprit for the country's twin deficits on the fiscal and jobs front.

'The crises are related in time and origin, both began in the mid-1990s amidst an economic boom and were caused by drastic trade liberalization,' Clarence Pascual, senior researcher of Labor Education Research Network, said at a roundtable discussion on the country's fiscal woes.

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