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Japanese ODA and Private Sector Development in the Philippines and Thailand: A Comparative Analysis

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  • Bernadette E. Phelan

    (Keio University, Tokyo, Japan)

Abstract

After a long spell of support for the Keynesian approach of demand management by the public sector, official development assistance (ODA) has recently been used to promote greater participation in development through increased access of long-term funds by the private sector on projects highly supportive of building up local initiative. In this paper, the experiences of Thailand and the Philippines in the use of Japanese ODA are reviewed. In particular, the implementation of the two-step loan program (or formally called Financial Intermediary Loan Program) of the Overseas Economic Cooperation Fund (OECF) of Japan in the two countries is compared. The two-step loan program is intended to funnel long-term credits to small entrepreneurs, such as small- and medium-scale export-oriented businesses, including small farmers and agricultural cooperatives. The primary purpose of this study is to present the role of ODA in the development of the private sector and hence, partially explain the distinct difference in the two countries' economic performance. The paper also uses unpublished official data which were obtained from the interviews conducted.

Suggested Citation

  • Bernadette E. Phelan, 1995. "Japanese ODA and Private Sector Development in the Philippines and Thailand: A Comparative Analysis," Philippine Review of Economics, University of the Philippines School of Economics and Philippine Economic Society, vol. 32(1), pages 18-49, June.
    • Handle: RePEc:phs:prejrn:v:32:y:1995:i:1:p:18-49
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    File URL: http://pre.econ.upd.edu.ph/index.php/pre/article/view/116/481
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    Cited by:

    1. Séverine Blaise, 2009. "Japanese Aid as a Prerequisite for FDI : The Case of Southeast Asian Countries," Finance Working Papers 22767, East Asian Bureau of Economic Research.
    2. Ayodele Jimoh, 2002. "Bilateral Official Finance for Private Sector Development and the Role of Non-Government Organizations," WIDER Working Paper Series DP2002-117, World Institute for Development Economic Research (UNU-WIDER).

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