In recent years, Japan has been experiencing unprecedented current account surpluses, a trend that is being predicted as likely to continue in the next few years. Japan`s response is three-pronged: expansion of domestic demand, improvement of access to their market and recycling external...

While this paper does not purport to be exhaustive in identifying a wide range of alternatives, it nevertheless attempts to explore Philippine trade options in the Uruguay Round of Multilateral Trade Negotiations. It attempts to indicate some policy options in the context of the Uruguay Round....

Shortly after the assumption of President Aquino to the office, the government has instituted a wide-ranging set of sociopolitical and economic reforms. This paper evaluates the ongoing program of industrial restructuring and development in the Philippines. Preliminary to its purpose, it reviews...

This paper is a review of studies having implications on policy efforts. To facilitate the review, the studies are grouped into those dealing with the 1983-1984 economic crisis and those looking specifically into: 1) trade and industrial policies 2) agricultural policies 3) natural resources and...

While this paper presents a Philippine perspective on Japanese and US official development assistance to the Philippines, it does not attempt to quantify its contributions to development. Rather, it reviews the flows of Japanese and US assistance in terms of both quantity and quality. It also...

This paper focuses on issues surrounding the management of Philippine commercial forests as it deals with forest destruction and renewal problems. Likewise, the economics of commercial forest management for both natural forests and tree plantations is highlighted. Policy implications are...

This study is an attempt to explain the pattern of development of the Philippine financial market. First, it provides a brief historical analysis of the financial system. It then develops an aggregative intermediation model and applies it to the Philippine stock market. It also discusses money...

There is a good reason to justify the support for small and microenterprise development. At this point, what is more important is the formulation of research agenda that will facilitate the introduction of new insights into the sector’s development. This paper provides a background to the...

This paper determines whether or not there is a rule for financing public debt that the public can discern. Specifically, it determines the nature of the “crowding out” effect. It then empirically investigates its impact on the nominal and real interest rates.

Tracing the structural adjustment measures implemented in the Philippines, this paper discusses reforms done on taxation, on trade and on government corporation during 1986 to 1992. Reforms on the financial sector, investment incentives and foreign exchange are also analyzed. These are in the...