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Research Activities

Research Projects

FY 2006/2007 Research Topic: 4-32
Trade and Investment Policy in the Philippines: Response to Economic Liberalization and Globalization


In analyzing Philippine economic development, it is pointed out that the salient feature of its path can be explained as recurring "ups and downs" over the past two decades. To understand this process, there is a need for in-depth analysis on its development path based on the evaluation of economic policies. Since the Philippine economy depends heavily on the rest of the world, its implementation of economic liberalization programs and economic reform programs in line with globalization has been a prerequisite for sustained economic development.

Under President Aquino (1986-1992), economic liberalization measures in the area of trade and investment policy were pursued, as well as the privatization of government-controlled companies. Under President Ramos (1992-1998), sector-wise reforms (financial, transportation and so on) as well as private-initiative infrastructure projects in areas such as electric power generation and railway construction contributed to an inflow of foreign direct investment (FDI) and economic development. President Arroyo (2001- ) has continued the basic policy while further liberalizing the economy.

This study focuses on the structural changes emerging as a result of the aforementioned reforms and the prospects for the Philippine economy in the future. The study also addresses issues related to free trade agreements (FTAs) in East Asia and their impact on the Philippine economy as well as the response of Philippine government to FTAs.


April 2006 - March 2007


NIMURA Yasuhiro (Inter-desciplinary Studies Center)

Members of the Research Project

NIMURA Yasuhiro (Inter-desciplinary Studies Center)


  • The final results will be published in the I.D.E. Study Series (in Japanese) in 2007.