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The Philippine Economy – Development, Policies, and Challenges - Oxford Scholarship Online
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The Philippine Economy: Development, Policies, and Challenges

Arsenio M. Balisacan and Hal Hill


The Philippines is one of the world's development puzzles. Despite having many of the same conditions for successful economic growth as its neighboring East Asian countries, the country missed out almost completely on the Asian boom and never became one of the “Asian tiger” economies. This book presents a comprehensive overview and thorough analysis of the Philippine economic experience. It covers a wide range of specialized subjects including macroeconomic policy, public finance, regional development, social conditions, and the agricultural, industrial, and service sectors. It then highlights ... More

Keywords: development, East Asia, economic development, Philippines, political economy, poverty

Bibliographic Information

Print publication date: 2003 Print ISBN-13: 9780195158984
Published to Oxford Scholarship Online: November 2003 DOI:10.1093/0195158989.001.0001


Affiliations are at time of print publication.

Arsenio M. Balisacan, editor
University of the Philippines-Diliman
Author Webpage

Hal Hill, editor
Australian National University
Author Webpage

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1 An Introduction to the Key Issues

Arsenio M. Balisacan and Hal Hill

2 Political Economy

Emmanuel S. de Dios and Paul D. Hutchcroft

Part II Macroeconomic Policy and International Dimensions

3 Monetary and Exchange Rate Policy

Maria Socorro Gochoco‐Bautista and Dante Canlas

4 Public Finance

Gerardo P. Sicat and Rahimaisa D. Abdula

5 International Dimensions

Romeo Bautista and Gwendolyn Tecson

Part III The Sectors

6 Agriculture

Cristina C. David

7 Industry

Hal Hill

8 Services

Ma. Joy V. Abrenica and Gilberto M. Llanto

Part IV Social Dimensions

9 Population, Human Resources, and Employment

Alejandro N. Herrin and Ernesto M. Pernia

10 Poverty and Inequality

Arsenio M. Balisacan

11 Regional Development

Rosario G. Manasan and Shiladitya Chatterjee

12 Environment and Natural Resources

Ian Coxhead and Sisira Jayasuriya