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The Philippines

In: Coping with Trade Reforms

Author

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  • Ramon Clarete

Abstract

This paper examines the Philippines’ experience with trade liberalization policies in the 1980s and 1990s, and their impact on the economy. Ex-ante assessments of the impact of freer trade on the Philippine economy using computable general equilibrium models report net positive gains (e.g. Habito and Cororaton, 2000; Cororaton, 1998; Clarete 1991). However, an ex-post assessment of the effects of trade liberalization produces less favourable results. Per capita income in the country has changed very little over the past 25 years. The economy appears unable to provide an adequate number of jobs for its labour force, and nearly one million Filipinos are working outside the country. Moreover, while trade has expanded, the increasing concentration of exports in semi-conductors and electronic components is cause for concern.

Suggested Citation

  • Ramon Clarete, 2006. "The Philippines," Palgrave Macmillan Books, in: Sam Laird & Santiago Fernández Córdoba (ed.), Coping with Trade Reforms, chapter 10, pages 171-187, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-37780-6_11
    DOI: 10.1057/9780230377806_11
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