This paper offers an overview toward assessing the implementation of the Agriculture and Fisheries Modernization Act (AFMA) or Republic Act 8435, the country's landmark legislation on the sustainable and equitable development of its agriculture and fisheries. The study presents a Theory of...

This paper argues that the development of the rural economy is a key factor for achieving inclusive growth, one that creates jobs, draws the majority into the economic and social mainstream, and continuously reduces mass poverty. Employment conditions in Philippine rural labor markets and...

Numerous studies have tried to explain the poor growth performance of the Philippines. This paper critically reviews related literature on constraints to long-run growth, as it applies to the Philippines. We evaluate several factors, namely: culture; corruption; and institutions. The last offers...

The main driver of long run economic growth is total factor productivity. Among the basic sectors, namely agriculture, industry, and services, inclusiveness of economic growth depends most importantly on agriculture. This study provides growth projections for the Philippine agriculture based on...

The Philippines has set an ambitious goal of becoming a predominantly middle-class society free of poverty by 2040. However, this aspiration comes at a time of significant global headwinds that pose risks to the country's development trajectory. Growing the middle class is more closely related...

Relative to other developing regions, developing Asia has experienced a slower decline in employment share in agriculture, compared to its output share; a rapid growth in labor and land productivity; and a shift from agricultural output from traditional to high-value products. The most successful...