Coming off from the Aquino Administration, which produced periods of high economic growth for the country, the Philippines still failed to address its historical and inherent structural weaknesses that bar inclusive development. As President Rodrigo Duterte starts his 6-year term of office in Malacañang, Action for Economic Reforms listed critical economic issues that the current […]
The Philippines has been widely heralded recently because of its efforts to reform tobacco taxes, in part to protect the public from the threats of tobacco-attributable diseases – a major health challenge. The Philippines is a party to the World Health Organization (WHO) Framework Convention on Tobacco Control (FCTC), a global health treaty addressing the epidemic, now ratified by […]
The Philippines was supposed to have made a significant breakthrough in economic growth and development during the administration of Benigno Aquino III (nicknamed PNoy) from 2010 to 2015. No more ‘sick man of Asia’– headlines declare. But from a long term perspective, is the PNoy period really a hallmark period when the Philippine economy would […]
How ready is the region for ASEAN Economic Community (AEC) 2015? A 2012 survey puts the level of regional awareness of the Association of Southeast Asian Nations (ASEAN) at 81%. However, this is only in terms of familiarity with the ASEAN name; the lack of basic understanding about the ASEAN is a high 76%. With […]
True industrial policy is purpose-driven for meeting social objectives. The vision of sustained growth and industrialization with social justice embodied in the 1987 constitution remains very relevant today.
The time to correct three decades of policy error is now.
The Philippine economy posted an impressive 7.1% growth in the third quarter of 2012, hailed as the fastest in the Southeast Asia region. Robust economic performance revives ordinary people’s interest in the country’s economic structure. This interest comes alongside various government initiatives on industrial policy, particularly those that seek to revitalize the country’s manufacturing sector. […]
Mainstream economics had emphasized the need for macroeconomic stability, good governance (in general) and good investment climate (in general) to achieve economic development. This is precisely the strategy of the current administration in the Philippines in achieving its current high growth rate and investment upgrading. There is a roadmap being developed for the manufacturing sector […]
Through successive tariff reform programs, the Philippines pursued a trade policy anchored on unilateral and deepening liberalization across all products. In 1981, as part of the country’s structural adjustment program, the country commenced a tariff reform program that called for the narrowing of the tariff band from its 10 percent to 100 percent to a […]