The Philippines is one of the countries in Southeast Asia that has experienced massive capital inflows. Being a latecomer in this arena, it can avoid the undesirable effects of these inflows by drawing lessons from the experiences of Latin American and other Asian countries. This paper provides...

In this paper, we investigate the dynamics of foreign direct investment (FDI) and examine the effects of FDI on the macroeconomic dynamics following a decline in labor endowment. In so doing, we introduce capital accumulation into Helpman, Melitz and Yeaple (2004)'s model and extend their model...

Serious efforts at economic integration among the Association of Southeast Asian Nations (ASEAN) members started only in 1992. Initial obstacles included the widespread pursuit of import substitution policies of industrialization, the small extent of intra-ASEAN trade, and the wide differences...

Serious efforts at economic integration among the Association of Southeast Asian Nations (ASEAN) members started only in 1992. Initial obstacles included the widespread pursuit of import substitution policies of industrialization, the small extent of intra-ASEAN trade, and the wide differences...

This paper suggests that the ASEAN economic integration can be viewed as an opportunity for brain gain for the ASEAN member-countries. The envisaged ASEAN Economic Community (AEC) may boost both South-South and North-South movements of skilled labor as a result of the growth of cross-border...

As 2015 draws near, assessing ASEAN`s progress toward the ASEAN Economic Community (AEC) as defined by the AEC Blueprint is necessary and instructive. This paper constitutes the Mid-Term Review (MTR) of the AEC Blueprint for the Philippines. The Philippines Country Report presents the results of...

This special volume of the Philippine Journal of Development (PJD) is devoted to discussions and analyses of issues on the ASEAN Economic Community (AEC) 2015 implementation. Except for the services liberalization paper, all the papers were carried out under the AEC Scorecard Project of the...

The paper aims to identify the facilitating and deterring factors affecting the implementation of the ASEAN mutual recognition arrangements (MRAs) in professional services encompassing engineering, nursing, architecture, surveying, medical, dental practice, and accountancy. Overall, the progress...

The paper aims to assess and determine the capacity-building needs required to liberalize trade in services in the Philippines. Through the ASEAN Framework Agreement on Services, the Philippines has committed to liberalize various sectors including air transport, maritime transport,...