The Philippines demonstrated significant economic growth--and is still gaining momentum--in recent years. This was after being tagged as the 'sick man of Asia' for showing slow growth while its Asian neighbors flourished. To sustain the current growth momentum and make it inclusive, transforming...

The experience of the Philippines shows that FDI spillover effects are not automatically generated. Opening up the economy to FDI has contributed to the country's exports of high-technology products and overall economic growth. However, the spillover effects of FDI to domestic firms have...

Philippine industrial policies such as those bearing on the manufacturing sector are a critical element of the country’s development strategy. Manufacturing creates opportunities for higher value-addition and extensive employment owing to forward and backward linkages with other sectors of the...

The paper aims to review our trade liberalization policy and its contribution to the country's industrial growth and performance. After more than twenty years of liberalization, the overall performance of the manufacturing industry has been weak, growth has been slow, and contribution to value...

In the light of the weak performance of the Philippine manufacturing industry and the absence of structural transformation of the economy from agriculture to manufacturing in the last two decades, the paper calls for the implementation of a new industrial policy. This is crucial not only to...

This paper presents the present stage of industrial development in the Philippines and in the case study of Greater Manila Area. It has shown the policy reforms that were instituted to address the three-decade long protectionist policy that had caused distortions in the economy. These reforms of...

The industry’s lack of competitiveness, absence of economies of scale and a weak supply base are the fundamental issues that must be addressed in order to strengthen the industry and integrate it with regional production networks of foreign automakers. The entry of cheap, smuggled second-hand...