FINANCE Secretary Carlos Dominguez 3rd said the government requires an “audacious” economic strategy that would enable the Philippines to catch up with its more vibrant neighbors by 2022 and transform its status into a high-income economy in one generation.

Thus, the creation of “DuterteNomics,” a recently coined term to describe President Rodrigo Duterte’s economic policies. The term is associated with programs and policies to achieve “the golden age of infrastructure.”