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Philippines: Moving Toward A Better Investment Climate
| Date: | December 2005 |
| Type: | Reports |
Description
One of the prominent globalizers in Southeast Asia with a high ratio of trade to gross domestic product (GDP). Yet a weak performer in terms of economic growth compared with the other globalizing developing economies that grew annually at 5% per capita during the 1990s. “Boom and bust” cycles of economic growth. Low rate of gross capital formation compared with Asia’s other globalizers. Practically stagnant labor productivity accompanied by a rapid growth of the labor force. These basically characterize the Philippine economy over the past two to three decades. Given these, it is therefore crucial to take stock of and systematically address all constraints that have blocked the building of a sound investment climate to pull out the country from such stagnation.
This report provides an overview of the investment climate in the Philippines, and outlines the steps that can be taken to improve the investment climate to promote economic development.
Contents
- Good Investment Climate—Critical to Economic Growth
- What’s the Story—Looking at the Current Investment Picture
- Are the Small Establishments Worse Off?
- Is Locating in the Special Economic Zones Better?
- What are the Factors of Investment Climate that Significantly Affect the Productivity of Firms?
- Can the Philippines Catch Up? And How?
