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Revisiting Sectoral Liberalization: an Alternative to the FTAAP? Implications on the Philippines


  • Bedaño, Myrene
  • Manzano, George N.


This paper develops a modality of liberalization for APEC, based on a sectoral level, as an alternative to the politically sensitive Free Trade Area of the Asia-Pacific (FTAAP). This model, originally developed by Wonnacott (1994), argues for the liberalization of sectors on an MFN basis, where APEC members are principal suppliers. The main advantage of this option is that it skirts the free rider problem that usually afflicts MFN liberalization. While this approach would benefit APEC as a group, it impacts different members differently. The paper examines the implications of such liberalization modality on the offensive and defensive interests of the Philippines in APEC.

Suggested Citation

  • Bedaño, Myrene & Manzano, George N., 2009. "Revisiting Sectoral Liberalization: an Alternative to the FTAAP? Implications on the Philippines," Discussion Papers DP 2009-13, Philippine Institute for Development Studies.
  • Handle: RePEc:phd:dpaper:dp_2009-13

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    References listed on IDEAS

    1. Ravallion, M., 1992. "Poverty Comparisons - A Guide to Concepts and Methods," Papers 88, World Bank - Living Standards Measurement.
    2. Arsenio M. Balisacan, 2001. "Poverty in the Philippines : An Update and Reexamination," Philippine Review of Economics, University of the Philippines School of Economics and Philippine Economic Society, vol. 38(1), pages 15-52, June.
    3. Arsenio Balisacan & Rosemarie Edillon, 2005. "Poverty Targeting in the Philippines," Chapters,in: Poverty Targeting in Asia, chapter 6 Edward Elgar Publishing.
    4. Ravallion, Martin & Lokshin, Michael, 2003. "On the utility consistency of poverty lines," Policy Research Working Paper Series 3157, The World Bank.
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