The pace of growth in the Philippines is slower than that of
many neighbouring countries, and despite increasing growth in the
period before the current global financial crisis, domestic
investment remained weak, and had a declining share in gross
domestic product. Understanding limits to growth in the
Philippines' economy and how they may be counteracted is crucial
for policy makers seeking to encourage economic development.
'Diagnosing the Philippine Economy' investigates the binding
constraints on economic development, by following a growth
diagnostics approach. Articles within this collection cover the
areas of macroeconomic management; trade, investments, and
production; infrastructure, human capital; equity and the social
sector; poverty reduction efforts; and governance and political
institutions. The studies' findings provide insight for
politicians, academicians, and economists into the issues and their
potential solutions.
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