IDEAS home Printed from https://ideas.repec.org/
MyIDEAS: Login to save this paper or follow this series

The Philippines in the Global Trading Environment: Looking Back and the Road Ahead

  • Austria, Myrna S.
Registered author(s):

    The government has implemented substantial trade and investment policy reforms during the last two decades following a three-track approach involving unilateral, regional and multilateral modalities towards freer trade and investment. The reforms resulted to improvements in domestic resource allocation, increased productivity, increased competitiveness of manufacturing industries, expansion of exports and the increased integration of the country in the global market. Yet the growth of the industry sector, particularly manufacturing, has not been as robust as many had expected, leading some sectors to question the reforms. This requires some hard thinking but at the same time pose a great challenge to policymakers. The experience of the country during the past two decades shows that getting the most out of international trade is not just a matter of shift away from exports of primary commodities to exports of manufactures. This paper argues that the effect of international trade on the country’s economic growth depends largely on how much of that trade is linked to the domestic economic activity. In effect, the fundamental policy issue for the government is not one of more or less trade liberalization, but how best to extract from the country’s participation in the global trading system the elements that will promote economic development, especially now that the global trading environment is becoming much more complex than what it was two decades ago. This paper addresses this issue, including the opportunities as well as the challenges that lie ahead for the country under the emerging more complex global trading environment.

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

    File URL: http://serp-p.pids.gov.ph/serp-p/download.php?d=2160&s=3
    Download Restriction: no

    Paper provided by Philippine Institute for Development Studies in its series Discussion Papers with number DP 2002-15.

    as
    in new window

    Length: 64
    Date of creation: 2002
    Date of revision:
    Handle: RePEc:phd:dpaper:dp_2002-15
    Contact details of provider: Postal: NEDA sa Makati Building, 106 Amorsolo St., Legaspi Village, Makati City,
    Web page: http://www.pids.gov.ph/
    Email:


    More information through EDIRC

    References listed on IDEAS
    Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

    as in new window
    1. Grether, Jean-Marie & Olarreaga, Marcelo, 1998. "Preferential and non-preferential trade flows in world trade," WTO Staff Working Papers ERAD-98-10, World Trade Organization (WTO), Economic Research and Statistics Division.
    2. Jagdish Bhagwati, 1992. "Regionalism versus Multilateralism," The World Economy, Wiley Blackwell, vol. 15(5), pages 535-556, 09.
    3. Richard E. Baldwin, 1997. "The Causes of Regionalism," The World Economy, Wiley Blackwell, vol. 20(7), pages 865-888, November.
    4. John Whalley, 1999. "Developing Countries in the Global Economy: A Forward Looking View," CSGR Working papers series 36/99, Centre for the Study of Globalisation and Regionalisation (CSGR), University of Warwick.
    5. Ethier, Wilfred J, 1998. "The New Regionalism," Economic Journal, Royal Economic Society, vol. 108(449), pages 1149-61, July.
    Full references (including those not matched with items on IDEAS)

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    When requesting a correction, please mention this item's handle: RePEc:phd:dpaper:dp_2002-15. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Aniceto Orbeta)

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.