IN a Senate hearing on Wednesday, Finance Secretary Carlos Dominguez 3rd offered some views on the sustainability of the Philippine economy that some might find alarming.

Senator Gringo Honasan asked Dominguez whether or not the country could survive economically in a worst-case scenario in which “everything goes wrong,” for example, if the dispute with China over the West Philippine Sea would degenerate into open war, if the government’s violent anti-drug campaign would cause domestic unrest or the imposition of economic sanctions by other countries, or if peace talks with the Communist rebellion failed and led to widespread violence.

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