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The East Asian Crisis and Philippine Sustainable Development

Author

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  • Medalla, Erlinda M.
  • Intal, Ponciano Jr. S.

Abstract

Asia is not only the most polluted and environmentally degraded region in the world, but it also houses the most number of poor households. Hence, the magnitude of the financial and economic crisis can be expected to have an impact in the region’s sustainable development prospects, the nature and the period of which are likely to be determined by the state of the country’s environment and social development. In particular, the paper looks into the impact of East Asian crisis into the Philippine economy at the time when the country itself has the El Nino to deal with. It also highlights the implications of the crisis and the El Nino on various policy and institutional challenges in the areas of water resources, upland and coastal areas and the urban environment.

Suggested Citation

  • Medalla, Erlinda M. & Intal, Ponciano Jr. S., 1998. "The East Asian Crisis and Philippine Sustainable Development," Discussion Papers DP 1998-04, Philippine Institute for Development Studies.
    • Handle: RePEc:phd:dpaper:dp_1998-04
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    File URL: https://www.pids.gov.ph/publication/discussion-papers/the-east-asian-crisis-and-philippine-sustainable-development
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    References listed on IDEAS

    as
    1. Stiglitz, Joseph E, 1989. "Financial Markets and Development," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 5(4), pages 55-68, Winter.
    2. Joseph E. Stiglitz, 1989. "Markets and Development," NBER Working Papers 2961, National Bureau of Economic Research, Inc.
    3. Niskanen, A. & Saastamoinen, O., 1996. "Tree Planations in the Philippines and Thailand. Economic, Social and Environmental Evaluation," Research Paper 30, World Institute for Development Economics Research.
    4. Bautista, Ernesto D., 1992. "A Study of Philippine Monetary and Banking Policies," Working Papers WP 1992-11, Philippine Institute for Development Studies.
    5. Steven Radelet & Jeffrey Sachs, 1998. "The Onset of the East Asian Financial Crisis," NBER Working Papers 6680, National Bureau of Economic Research, Inc.
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    Citations

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    Cited by:

    1. Israel, Danilo C., 1998. "The Environmental Impacts of Economic Cycles," Discussion Papers DP 1998-43, Philippine Institute for Development Studies.
    2. repec:phd:pjdevt:jpd_1999_vol__xxvi_no_2-a is not listed on IDEAS
    3. Basilio, Leilanie Q. & Intal, Ponciano Jr. S., 1998. "The International Economic Environment and the Philippine Economy," Discussion Papers DP 1998-25, Philippine Institute for Development Studies.
    4. repec:phd:pjdevt:jpd_1998_vol__xxv_no__2-c is not listed on IDEAS
    5. Medalla, Erlinda M., 2001. "Impact of Trade Policy Reforms on the Environment," Discussion Papers DP 2001-07, Philippine Institute for Development Studies.

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