Lim, Joseph; Montes, Manuel - In: Journal of Development Studies 36 (2000) 4, pp. 149-181
Growth in the 1970s seemed, at that time, to have brought the Philippines to a rather high equilibrium growth path. But the foreign debt and political crisis in the early and mid-1980s had brought the economy down to a lower equilibrium path. The recovery years (1987 to 1990) did not prove to be...