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...

Cast within the framework of small open economy that periodically faces balance of payments crises, the theoretical model developed in this study can be utilized to study the devaluation experiences of the Philippines. Such model provides not only a test for validity and relevance but also an...

This paper is presented at the Third National Convention on Statistics on December 13-14, 1982. The move to strengthen the Philippine economic statistics comes at a very opportune time when the Philippine government is implementing a major industrial restructuring program. While each ministry...

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...

The Philippines has been one among the few that still adheres to the home consumption valuation (HCV), a system that, according to many importers, results to overvaluation. This article assesses the validity of the claim through analysis of HCV’s impact on the level of protection structure. It...

This article examines whether the ASEAN Preferential Trading Arrangements have increased the level of interdependence among ASEAN countries in the area of trade. Specifically, whether such interdependence has brought about institutional and economic changes such as tariff reduction and nontariff...

This study examines the general equilibrium effects of different export promotion policies on imports and production of importables and exportables. Unlike other studies, land as a factor input in the production function has been included. Thus, this article develops a three-factor production...

Part One of the Osaka Action Agenda has clarified the implications of the basic political commitment to free and open trade and investment in the Bogor Declaration and has set out operational guiding principles and a well-developed strategy of implementation. This paper seeks to build on the...

As APEC provides venue for exploiting trade and investment gains in an integrated market, it allows the U.S. to strengthen its ties with the world’s dynamic economies and creates a global policy environment that promotes liberalization. Despite the tremendous benefits, however, the American...

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...