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The Philippine Economy: Alternatives for the 21st Century

ASEDP

No.54

Edited by Dante B.Canlas, Shigeaki Fujisaki
Published in 2000

CONTENTS

Contents
Preface / Dante B.Canlas, Shigeaki Fujisaki
Chapter 1.
The Texture of Competition in the First Decade of the New Century / Raul V. Fabella
Introduction
Millennial Vignettes
Von Thunen Competition
Mainland China as Great Dragon
Embryonic Stem Capital
References


Chapter 2.
The Boom-Bust Cycle(Will It Ever End?) / Emmanuel S.de Dios
The Real-Structural hypothesis (RSH)
The political business cycle
An Eclectic Hypothesis
Forward to the Past
Appendix
References


Chapter 3.
Complementarities and the Big Push
Increasing Returns, Market Size, and Income Distribution
Bullish Entrepreneurs and East Asian Experience
References


Chapter 4.
Lesson About Macroeconomic Fundamentals from the East Asian Crisis / Joseph Y. Lim
Three Views on the East Asian Crisis
Myths that Contributed to Misconceptions on the Macroeconomic Aspects of the East Asian Crisis
The Macroeconomic Fundamentals of the East Asian Five before the Crisis
The Importance of ‘Animal Spirit’: A Review of Macroeconomic Fundamentals of East Asian Countries in the Eighties and Nineties
Examples of Strong Macro Fundamentals
Exploring the Movements of Real Exchange Rates, Current Account Deficits and Growth
Summary and Conclusion
References


Chapter 5.
Regulatory Challenges to Reform in Banking and Corporate Rehabilitation / Maria Socorro Gochoco-Bautista, Renato E.Reside,Jr
1. Introduction
2. The Banking Sector
3. A profile of Financially Distressed Firms
4. Empirical Verification of the Relationship between the Corporate and Financial Sectors
Some Regulatory and Supervisory Challenges
References


Chapter 6
The Who Negotiation and Trade Liberalization Issues for the Philippines / Florian A. Alburo
Introduction
What’s at Stake for the Philippines?
The Collapse of the Third WTO Ministerial Meeting
Issues and prospects for the Philippines
A Concluding Note
The WTO “Built-in” Agenda
References


Chapter 7
Industrial Development in the Philippines: Issues and Prospects for the 21st Century / Gwendolyn R.Tecson
Introduction
Is the Manufacturing Sector Sporting a ‘New ‘ Look?
Manufacturing in the 21st Century: The Prospects
The Issues: What Remains to be done
References


Chapter 8
Rural Development in the 21st Century: Monitoring and Assessing Performance in Rural Poverty Reduction / Arsenio M.Balisacan
Introduction
Rural Poverty Trends
The Problem with Existing Rural Poverty Indicators
Toward a Poverty Monitoring and Indicator System for the Rural Sector
Summary and concluding Remarks
Annex
References


Chapter 9
Human Resource Development in the Philippines: Goals,Policies,and Governance / Dante B.Canlas
Introduction
Overview
A Framework
HRD Policies
Institutions and Governance
Concluding Remarks
References


Chapter 10
Is the Philippines Prepared for Globalization an Assessment of its Science and Technology Capabilities? / Edita A. Tan
How to Acquire Competitive Capabilities
The State of Philippine Science and Non-Science Education
S & T Capability in the Top Three Universities
Concluding Remarks
Bibliography


Chapter 11
Designing S&T Policy for the New Millennium / Ma.joy V.Abrenica
S&T Policymaking and Challenges of Knowledge-based Economy
Measures of Philippine Technological Performance
S&T Policy making in the Philippines: An Assessment
S&T Framework for the New Millennium
References