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Scenarios for Economic Recovery: The Philippines

Author

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  • Lamberte, Mario B.
  • Yap, Josef T.

Abstract

This study reviews the economic policies and performance of the Philippine economy in the 1990s, briefly assesses the macro- and microeconomic impacts of the Asian financial crisis, describes the measures adopted by the government in response to the Asian financial crisis, and discusses the direction of the recovery and development of the economy in the short, medium and long term. It draws up short-term action plans, which the government could immediately initiate and complete within two years, to spur economic recovery. It also proposes medium- and long-term action plans to continue the restructuring of the economy and sustain the growth momentum. Towards the end, the study outlines the role of donor agencies in supporting the government’s efforts to spur economic growth in the short term and achieve a sustainable growth in the long term.

Suggested Citation

  • Lamberte, Mario B. & Yap, Josef T., 1999. "Scenarios for Economic Recovery: The Philippines," Discussion Papers DP 1999-05, Philippine Institute for Development Studies.
    • Handle: RePEc:phd:dpaper:dp_1999-05
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    File URL: https://www.pids.gov.ph/publication/discussion-papers/scenarios-for-economic-recovery-the-philippines
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    References listed on IDEAS

    as
    1. Lamberte, Mario B., 1994. "Managing Surges in Capital Inflows: The Philippines Case," Discussion Papers DP 1994-20, Philippine Institute for Development Studies.
    2. Orbeta, Aniceto Jr. C. & Llanto, Gilberto M. & Sanchez-Robielos, Maria Teresa & Tang, Marie Christine, 1998. "A Study of Housing Subsidies in the Philippines," Discussion Papers DP 1998-42, Philippine Institute for Development Studies.
    3. David, Cristina C., 1998. "Towards an Efficient Path to Food Security: The Philippine Case," Discussion Papers DP 1998-39, Philippine Institute for Development Studies.
    4. Medalla, Erlinda M., 1998. "Trade and Industrial Policy Beyond 2000: An Assessment of the Philippine Economy," Discussion Papers DP 1998-05, Philippine Institute for Development Studies.
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    Cited by:

    1. Lamberte, Mario B., 2000. "The Philippines: Challenges for Sustaining the Economic Recovery," Discussion Papers DP 2000-02, Philippine Institute for Development Studies.
    2. Lanzona, Leonardo & Aldaba, Fernando T. & Tamangan, Ronald J., 2006. "An Empirical Analysis on the Tradeoff between Schooling and Child Labor in the Philippines," Philippine Journal of Development PJD 2004 Vol. XXXI No. 2-, Philippine Institute for Development Studies.
    3. David, Cristina C., 1999. "Constraints to Food Security: The Philippine Case," Philippine Journal of Development JPD 1999 Vol. XXVI No.2-a, Philippine Institute for Development Studies.
    4. Milo, Melanie S., 1999. "Contagion Effects of the Asian Crisis, Policy Responses and their Social Implications," Philippine Journal of Development JPD 1999 Vol. XXVI No.2-c, Philippine Institute for Development Studies.

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    More about this item

    Keywords

    economic recovery; Asian financial crisis;

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