The paper tries to trace the downturn in the economy in 1997-1998 and compares it with the crisis experienced in Thailand, Korea and Indonesia. The downturn was not of the magnitude of their crisis and had different causes. GDP fell by a lower rate from 5.2% to -.5%. The decline was of the same...

The paper is an update of earlier papers on migration (Tan and Canlas 1989, Tan 1993). Overseas employment continued to increase though at decelerating rate. There were changes in destinations and occupations with Asia gradually replacing the Middle East. The overseas workers' occupations were...

Labor-importing countries adopt differing immigration policy on foreign workers. They all restrict the number allowed entry and many set wage ceilings at levels below the wage paid the native workers. The differing restrictive immigration policies result in the segmentation of the world labor...

The paper sees imprudent lending by a weak banking system as an important and common cause of the East Asian crisis. The crisis-hit economies' banking systems had not put in place prudential rules and practices and their organization was subjugated to power politics and big business control....

Philippine higher education (HE) plays an important role in the country’s economy and is vital in achieving global competitiveness.Poor quality,undeveloped innovation system, and inequality of access caused the current dismal state of the HE system.This could be traceable to the populist...

The paper investigates the degree of inequality of distribution of formal schooling in Thailand and how it intensifies as we move up to schooling ladder. It applies a constrained capital optimization model to explain the degree and movement of inequality. It shows how financial constraints on...

The Philippine financial system has failed to develop over the last three decades. M3/GNP ratio has not risen but has merely fluctuated around 22-25 percent. Wrong policies are blamed for the poor performance of the system. The current interest rate structure shows extremely wide differentials...

The analysis draws attention to the whole life cycle relationship between health, labor productivity and utility function. Man's health-biological (HB) cycle is inverted U-shaped. It has the obvious growth or upward sloping segment and a declining segment. The peak is considered to be the...

The paper documents the interlocking directories of banks with other financial and nonfinancial firms which belong to the top 1,000 corporations in the Philippines. Within the interlocked group of firms are the large conglomerates of leading families. Additionally there is interlocking within...

The paper reviews government policy on overseas contract workers and analyzes their remittances. Overseas employment has continued its upward trend up to the end of 1983 when the number of applicants processed for departure by the Philippine Overseas Employment Authority reached 444,208 as...