Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/126945
Authors: 
Yap, Josef T.
Majuca, Ruperto P.
Year of Publication: 
2013
Series/Report no.: 
PIDS Discussion Paper Series 2013-27
Abstract: 
The Philippines continues to demonstrate a development puzzle. Despite abundant natural and human resources, its development record pales in comparison with its neighbors in East Asia. This study presents a SWOT analysis to explain the economic development of the Philippines. To overcome the threats and weaknesses, the Philippines should aspire for BRISK development: balanced, rapid, inclusive, sustainable, and capital-intensive economic growth. Policy recommendations include standard reforms related to expanding fiscal space and improving infrastructure. However, Philippine history requires that special attention be given to strengthening institutions and weakening the grip of oligarchs. The rapid rise of China and India and the establishment of the ASEAN Economic Community provide an opportunity to attract more foreign direct investment, diversify the productions base, and expand the role of small and medium-sized enterprises.
Subjects: 
Philippines
ASEAN Economic Community (AEC)
development puzzle
SWOT analysis
critical development constraints
balanced
rapid
sustainable
inclusive
and capital-intensive economic growth
Document Type: 
Working Paper

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