Foreign Ownership of Land in the Philippines

Restrictions on Foreign Ownership of Land in Philippines

01 Jul: Life, Liberty, and Land: Restrictions on Foreign Ownership of Land in PH

It’s said that “a true free market economy is an economy in which all resources are owned by individuals, and in which decisions about the allocation of those resources are made by individuals without government intervention”. The laissez-faire doctrine maintains that “private initiative and production are best allowed to roam free, opposing economic interventionism and taxation by the state beyond that which is perceived to be necessary to maintain individual liberty, peace, security, and property rights”.