This paper outlines the state of the law on access to official information in the Philippines, and gives an overview of the role that non-government organizations play in promoting the right to official information.
The economy-wide impact of the restructuring of electricity industry makes it an important area for continuing study. This paper looks into the proposed restructuring of the electricity industry, to be accomplished through legal reform, from three perspectives. First, the paper examines the restructuring from the standpoint of the legal conception of the government-nongovernment distinction obtaining […]
Upon presentation by the Action for Economic Reforms (AER) of its
position paper during the 16 February 2001 public consultative hearing
conducted by the Bicameral Conference Committee on the proposed
Electric Power Industry Reform Act, the Honorable John H. Osmena,
Chairman of the Senate Panel of the Bicameral Conference Committee on the Power Bill, requested AER to submit its proposed specific
amendments to the bill following the issues that it raised. In response
to this request, the AER submits this updated version of the position
paper, with the section spelling out its proposed specific amendments
to the bill presently under consideration by the Committee.
In the wake of the Asian Crisis, a strong consensus has emerged among policymakers, academics, and the media in favor of establishing regional financial arrangements (RFAs) in Asia. This consensus led to the Chiang Mai Initiative, which in 2000 proposed an expansion of existing Association of Southeast Asian Nations (ASEAN) swap arrangements as well as […]
This paper discusses efforts to reform the world financial system after the East Asian financial crisis. It asserts that post-crisis reforms pushed by the IMF have only led to the reduction of risk and accountability of the private sector (mostly of the North), and pushed the burden of market failure to governments and the public […]
This paper examines the current state of corporate and financial sector restructuring in Korea, primarily focused on their debt workout programs. The paper raises the following major issues. Since the IMF crisis, foreign capital has been advancing rapidly into the domestic market- into the domestic financial industry, including non-bank sectors such as securities firms. Negative […]
The Asian financial crisis that exploded in 1997 exposed serious flaws in the marketdominated economic and fiscal policies pursued by governments and international financial institutions (IFIs) in the era of economic liberalization. The massive flight of capital, which deepened the crisis in the affected economies, made it apparent that mechanisms to regulate short-term capital flows […]