Diagnosing the Philippine Economy: Toward Inclusive Growth

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Dante B. Canlas, Muhammad Ehsan Khan, Juzhong Zhuang
Anthem Press, 2011 - Business & Economics - 359 pages
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The pace of growth in the Philippines is slower than that of many neighbouring countries, and despite increasing growth in the period before the current global financial crisis, domestic investment remained weak, and had a declining share in gross domestic product. Understanding limits to growth in the Philippines' economy and how they may be counteracted is crucial for policy makers seeking to encourage economic development.

'Diagnosing the Philippine Economy' investigates the binding constraints on economic development, by following a growth diagnostics approach. Articles within this collection cover the areas of macroeconomic management; trade, investments, and production; infrastructure, human capital; equity and the social sector; poverty reduction efforts; and governance and political institutions. The studies' findings provide insight for politicians, academicians, and economists into the issues and their potential solutions.

 

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Contents

Development Performance and Policy
13
Critical Constraints to Growth and Poverty Reduction
33
Macroeconomic Management
101
Trade Investments and Domestic Production
125
Infrastructure
161
Human Capital
193
Equity and the Social Sector
209
Trends Determinants
261
Governance Institutions and Political Economy
295
Index
337
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About the author (2011)

Based in Manila, Asian Development Bank is owned by 67 members, including 48 from the region. Its main instruments for helping its developing member countries are policy dialogue, loans, equity investments, guarantees, grants, and technical assistance.

Dante Canlas is the Enrique Virata Professor of Economics at the University of the Philippines and Editor of 'The Philippine Review of Economics'. He is also the Chief Executive Officer for the Millennium Challenge Corporation's Philippine Program.

Muhammad Ehsan Khan is a Senior Economist at ADB's Economics and Research Department (ERD) and has served as a Project Economist in ADB's Southeast Asia Department.

Juzhong Zhuang is an Assistant Chief Economist at ADB's Economics and Research Department (ERD).

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