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Socio-Economic Reform Program in the Philippines-Impacts and new Directions-

ASEDP

No.57

Edited by Dante B.Canlas, Yasuhiro Nimura
Published in 2001

CONTENTS

Contents pdf (270KB)
Preface / Dante B.Canlas, Yasuhiro Nimura
Chapter 1.
Overcoming Monetary Constraints to Stable Growth in an Emerging Market / Dante B.Canlas
Introduction
Money, Inflation and Output: Theoretical Considerations
A Review of Philippine Macroeconomic Performance
The New International Economic Environment
Some Evidence
 Money and Output Growth
 Money and Inflation
 Money and Collapsing Exchange Rates
Evolution of Monetary Policy Rules and Exchange Rate Regimes
Concluding Remarks
References


Chapter 2.
Raising the Quality of Life Through the Workplace in the New Millennium / Emmanuel F.Esguerra, Dante B.Canlas
Introduction
The Labor Market: Recent Performance, Current Trends
 Labor Supply and its Quality
 The Employment Record
 Unemployment and Underemployment
 Wages and Labor Productivity
Investing in Human Capital
 Education and labor Productivity
 Private and Public Investments in Education and Training
 Education and Training Policies
 Education Finance
 Population Concerns and Human Capital
Expanding Job Opportunities
 Aggregate Labor Demand policies
 Technological Progress and Foreign investment
 Sectorial Policies
 Some Complementary Policies
Safeguarding Worker’s Welfare
Labor standards
Safety Nets
Industrial Relations
Summary and Conclusion
References


Chapter 3.
The J2K Crisis and the Economy: the Broader Context / Raul V. Fabella
Introduction
A Modicum of Morality
Compromised Leadership and Economic Tailspin
The Governance Deficit
Rules of the Game
Governance Properties of Rules
The Soft State and Disorder
Backlash Disorder
A Singular Opportunity
Governance Deficit as Entropy
Soft State Corruption and periodic Eruption
The Presidency and the Twilight Zone
A Nonexistent Divide
Symbol Savaged
Function Prostituted
Managing the Economy in J2K
End-Game Scenarios
 President Estrada Survives Impeachment and a Super Technocrat Cabinet Takes Over
 Estrada is Removed but Otherwise Unpunished
 Estrada is Constitutionally Removed, Convicted and punished
Epilogue
References


Chapter 4.
Social Health Insurance Reforms in the Philippines / Stella A.Quimbo
Introduction
A Brief History of Social Health Insurance in the Philippines
 RA6111 (The Philippine Medicare Act)
 Medicare Performance (1972 to 1994)
Program Reforms
Modeling the Behavior of the Social health Insurance
 Program Administrator
Empirical Specification
The Data
Empirical Specification
The Data
Empirical Results
Summary and Implications
References


Chapter 5.
The future of the Philippine Power Sector: Reason to Be Cautious(Lessons From California and the United Kingdom / Renato E. Reside, Jr.
Introduction
The Power Sector in the Philippines: A Review of the Present and What May Lie Ahead if the power Bill is Approved by Congress
 Present Situation
 Proposed Power Sector Restructuring
Lessons in Reform from Other Regimes
 California
  The California Power Market
  Impact of Crisis on Electricity Consumers
  Effects on utilities
  Impact on Generators
  Lessons from the Debacie in California Electricity Markets
 United Kingdom
  Key Elements of Energy Policy and Initial Steps Pursued
  Privatization in the Gas and Electricity Sectors
  Privatization of the Electricity Sector
  Lessons Learned
Appendix
References


Chapter 6.
The Political Economy of Education Reforms / Edita A. Tan
Introduction
Market Imperfections and Market Failure
Quality and Distribution of Education
Issues in Education Finance
Reform Agenda
Concluding Remarks
References


Chapter 7.
Revisiting Tariff Reform / Gwendolyn R.Tecson
Introduction
The Road Traveled
 Agriculture vs Manufacturing Sector Protection
 Protection of Manufacturing industries
The Road Ahead: On the Role of Government in Industrialization
Appendix
References


Chapter 8.
Introduction
The Role of Investment Policy Reform
 Policy Reforms towards Liberalization
 Flow of Investments in the Philippines
The Role of Industrial Estate
 PEZA and Private-Initiated Development of Industrial Estates
 SEZs and the Segmentation of Local Market
Changing Trade Structure: Emerging Export Industry as the Winner
 Trends in Philippine Exports
 Electronics Industry as Export Winner
Structural Change in the Philippine Economy
Concluding Remarks and the New Direction
References