This paper discusses how the Philippines can productively fit in to the emerging international economic environment. Current Philippine trade and investment policies are examined. The international economic order and Asia-Pacific cooperation are discussed in the context of the ASEAN, APEC and...

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The economic and financial crisis that has plagued Asia since mid-1997 has left in its wake dramatic declines in output, large falls and volatile exchange rate changes, worsening poverty, and widespread social unrest owing to rising unemployment, among others. Yet it is important to remember...

Both in country and regional evidence show that the Philippine did not have the symptoms of the ¡°Asian-flu¡± before its outbreak into a full-blown Asian financial crisis. Although cannot be validated (in a counterfactual sense), one can argue that it may have been the early start of crisis...

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A number of factors affecting the long-term sustainability of trade liberalization and reforms are identified in this paper in the context of Philippine experience. It is indicated that none of the liberalization attempts had been undertaken to achieve true structural reform and that a narrow...

The Philippines has had a long history of liberalization experiences. They span a wide range of policy direction from a regime of full decontrol to a mixture of restrictions and free trade. Perhaps this explains why the country has not been able to hold on to a trade direction that has been...