Opening Remarks during the Financial Warfare: Risks and Vulnerabilities of the Philippine Financial System.
"Together with love, honor and religion, what we call today as"economics" ranks among the top reasons for large-scale conflict or warfare in human history. Disputes over resources themselves and resource or trade routes have occurred and continue to occur quite too often, and this is an affirmation of the importance of economic well-being to a community or nation. This importance is further highlighted by the fact that there was a time in history when, during real or violent wars, targeting the villages, farms, and livestock from which the armies of an enemy obtained sustenance was a legitimate wartime strategy. Fortunately,…