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The Impact of Economic Nationalism on FDI in the Philippines from the Legal Perspective

In: Proceedings of the 2022 International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2022)

Author

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  • Songlin Xie

    (American University, College of Arts and Science)

Abstract

Compared to other countries in the Association of Southeast Asian Nations, positive effects on Philippine economic growth and foreign direct investment (FDI) is limited recently, which might result from the policy of economic nationalism. This paper reviews related articles to investigate why the Philippines’ constitutional and legislative framework for FDI lowers the benefits of foreigners and what can be done to promote the effect of FDI in the future. This paper can provide reference and policy enlightenment for similar developing countries. Through reviewing related articles, this paper finds that under the legislative framework of economic nationalism, foreign investors’ ability to safeguard their investment positions and interests in arbitration is restrictive. More policy proposals in terms of legislation on freeing restrictions on foreign investors should be proposed in the future.

Suggested Citation

  • Songlin Xie, 2022. "The Impact of Economic Nationalism on FDI in the Philippines from the Legal Perspective," Advances in Economics, Business and Management Research, in: Faruk Balli & Au Yong Hui Nee & Sikandar Ali Qalati (ed.), Proceedings of the 2022 International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2022), pages 962-968, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-052-7_109
    DOI: 10.2991/978-94-6463-052-7_109
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