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Current Account Dynamics and the Philippine Economy: Developments and Prospects Chapter 4: Reigniting an engine: Trends, challenges, and prospects in Philippine manufacturing

Author

Listed:
  • Faith Christian Q. Cacnio

    (Bangko Sentral ng Pilipinas)

  • John Michael Rennie G. Hallig

    (Bangko Sentral ng Pilipinas)

  • Marie Edelweiss G. Romarate

    (Keio University)

  • Carl Francis C. Maliwat

    (Bangko Sentral ng Pilipinas)

Abstract

This chapter outlines the country’s history of industrialization, focusing on the manufacturing sector’s developments. It examines the trends in local manufactured goods exports over the decades and assesses the country’s evolving trade specialization. The chapter also identifies the determinants of manufacturing growth for the Philippines and selected ASEAN countries. Moreover, it discusses the challenges and issues that impede the development of the country’s manufacturing sector. Creation Date: 2026-03

Suggested Citation

  • Faith Christian Q. Cacnio & John Michael Rennie G. Hallig & Marie Edelweiss G. Romarate & Carl Francis C. Maliwat, "undated". "Current Account Dynamics and the Philippine Economy: Developments and Prospects Chapter 4: Reigniting an engine: Trends, challenges, and prospects in Philippine manufacturing," BSP Special Publications ch-04, Bangko Sentral ng Pilipinas.
    • Handle: RePEc:bhd:spcpub:ch-04
    as

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    File URL: https://www.bsp.gov.ph/Media_And_Research/Special%20Publications/BSP-Book-Current-Account-Dynamics-and-The-Philippine-Economy.pdf
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