Recognizing the importance of an outward-oriented policy approach, countries such as Malaysia, Indonesia, Thailand and the Philippines have liberalized their regulation on foreign direst investment by introducing various guarantees and incentives. The Philippines, however, lagged behind its...

This article assesses the impact of the ongoing tariff reform on effective protection rate (EPR) in the manufacturing sector given that the scheduled tariff rate changes will be fully implemented. Tariff levels of the Philippines and other ASEAN countries during 1970s are compared. It also...

Opinions about the Multi-Fibre Agreement (MFA) vary not only between importers and exporters but also within these groups depending on the costs and benefits accorded to each. This paper attempts to quantify the effects of MFA liberalization on developing countries with a focus on the...

Stimulated by the success of the East Asian dragons, commitment on the design and administration of export promotion policies have been renewed. Against the backdrop of protection structure, the first-best solution to the problem is the complete overhaul of the protection structure. In the event...

With the excessive labor supply and the persistence of urban-rural migration, the development of nonfarm enterprises is imperative from the government. This paper develops an analytical framework to determine the impact of macroeconomic policies on rural nonfarm enterprises (RNEs). It also...

The change in the country's investment policies has been a crucial factor in building up confidence in the country's economic prospects. Despite the reforms undertaken, the country's performance in attracting foreign direct investment is still lower than its neighboring countries. This paper...

With the excessive labor supply and the persistence of urban-rural migration, the development of nonfarm enterprises is imperative from the government. This paper develops an analytical framework to determine the impact of macroeconomic policies on rural nonfarm enterprises (RNEs). It also...

The change in the country’s investment policies has been a crucial factor in building up confidence in the country’s economic prospects. Despite the reforms undertaken, the country’s performance in attracting foreign direct investment is still lower than its neighboring countries. This...

This short paper attempts to clarify some of the issues and provide suggestions for reforms in the fiscal incentive system. In particular, it focuses on the Investment Incentive System embodied in the Omnibus Investment Code. The paper attempts to provide some estimate of revenues forgone,...

The change in the country’s investment policies has been a crucial factor in building up confidence in the country’s economic prospects. Despite the reforms undertaken, the country’s performance in attracting foreign direct investment is still lower than its neighboring countries. This...