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 looks into various means of regulating pharmaceuticals and their effects on the structure of the international pharmaceutical industry. Regulation adds complexity to the activities of a firm. This complexity is multiplied, if different countries apply different sets of regulations....

This paper argues that the single most important factor that explains East Asia's development success was its fast structural transformation toward industrialization, manufacturing in particular. Workers moved out of agriculture into manufacturing, and the sector diversified and upgraded its...

The set of available local ‘capabilities' determines what an economy produces today (its static comparative advantage) and, at the same time, defines the trajectories that the process of structural change may take in the future. The Product Space (PS) framework developed in recent seminal...