The 1991 Local Government has initiated comprehensive changes in Philippine public administration such as decentralization and greater local autonomy. However, the macroeconomic picture has been characterized by volatile inflation, foreign exchange and interest rate. Against this backdrop, this...

Opinions about the Multi-Fibre Agreement (MFA) vary not only between importers and exporters but also within these groups depending on the costs and benefits accorded to each. This paper attempts to quantify the effects of MFA liberalization on developing countries with a focus on the...

The discussion on Western and Eastern values has begun to take on emotional heat even in sedate conferences. Where a controversy rages, it is always useful to contribute any perspective that can help shed light. This paper is a call for other perspective that can help place the controversy on...

Within the context of “NIC-hood,” this paper advances that the country and the government should understand and situate the parameters of Philippine development. It also asserts that rethinking agricultural development and strengthening of industries and tradable services should be made.

Opinions about the Multi-Fibre Agreement (MFA) vary not only between importers and exporters but also within these groups depending on the costs and benefits accorded to each. This paper attempts to quantify the effects of MFA liberalization on developing countries with a focus on the...

This paper assesses the Institutional Investor Country Risk Rating (IICR) to analyze whether secondary market prices are reliable indicators of debt values. It starts with the conviction that the rating scores are reasonable measure of banker’s perceptions of the country’s creditworthiness....

As suggested by vast literature, the Philippine economy has performed poorly over the last three decades due to deterioration in productivity. This paper provides an updated productivity estimates for the manufacturing industries over the period 1956-1992. This paper decomposes this industry...

The Philippines is one of the countries in Southeast Asia that has experienced massive capital inflows. Being a latecomer in this arena, it can avoid the undesirable effects of these inflows by drawing lessons from the experiences of Latin American and other Asian countries. This paper provides...

The discussion on Western and Eastern values has begun to take on emotional heat even in sedate conferences. Where a controversy rages, it is always useful to contribute any perspective that can help shed light. This paper is a call for other perspective that can help place the controversy on...

Within the context of “NIC-hood,” this paper advances that the country and the government should understand and situate the parameters of Philippine development. It also asserts that rethinking agricultural development and strengthening of industries and tradable services should be made.