One of the recent European developments is the plan of creating a single market implying the removal of obstacles to trade in goods, services, capital and labor. Hence, it is worthwhile to examine the impact of such move to a small country like the Philippines, the growth of which depends...

This paper investigates the impact of liberalization of international investment restrictions in the Philippines on the discounts of the First Philippine Fund (FPF) closed-end country fund. In particular, it investigates whether such restrictions are binding and how U.S. investors see the...

The author, at the outset of her study on shipping transport, rightly states the importance of this industry in an archipelagic country. However, the industry remains inefficient, despite policy reforms enacted in the 1990s which aimed at liberalizing and deregulating the industry. Though these...

This article has been delivered during the Central Bank Diamond Jubilee celebration on November 21,1988. It reviews the issues of Philippine structural adjustments with a focus on the identification of elements in the past Philippine efforts that appear to be critical in the future adjustment...

The story of the Philippine environment during the past two decades is one of growing stress and resource degradation that has recently forced the Philippine polity and society to resolve the problem. This paper seeks to contribute to a better understanding of the issue of sustainable...

Early 1980s has seen series of reforms in the Philippine financial system having improved financial intermediation as the general objective. This paper reviews the pace and effectiveness of the reforms implemented by the government. Findings show that economic instability and the ineffective...

This paper identifies some of the key issues confronting the Asia-Pacific member-economies that arise from the discussions in the APEC forum. A brief review of existing labor flows within the APEC regions is presented. A discussion on how globalization and trade liberalization will impact on the...

Results of relative welfare analysis conducted in this paper indicate that a large proportion of welfare losses in the past have been shouldered by the consumers. In addition, this article shows that the hypothesis of cartel-like behavior is consistent with the adverse results obtained.

Until there is a substantial degree of consensus over the strategic issues and a greater body of work on the issues of liberalization, trade liberalization of APEC will yield slight results. This paper argues the need for intensive discussion and research about the modalities of successful trade...

The paper examines the policies pursued by the Philippines in response to the increasing economic integration and interdependence of nations and regions around the world, focusing in particular on the country’s multitrack approach to trade and investment liberalization. The country’s...