This paper reviews the targets set forth by the Medium Term Philippine
Development Plan (a.k.a. Angat Pinoy 2004) and compares it to the
actual performance of the economy during the two and a half years of
the Estrada Administration. It argues that while Angat Pinoy is good on
paper, a deficiency in good implementation led to poor economic
performance, with the country returning to its previous place near the
rear of the pack among the East Asian Tigers. Failures in
administrative, political, and economic governance set off deviations
from actions prescribed in Angat Pinoy, including reversals in policy
reform directions (i.e. market-friendliness, with government ensuring a
level playing field for Philippine producers). These have left behind a
host of problems in the social, economic, environmental, political,
cultural, and spiritual spheres in Philippine life.

In setting the country’s development agenda for the coming years, the
paper asserts that no major changes are needed in the MTPDP Angat Pinoy
2004. Its success only requires serious effort to implement it.

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