Philippines: Toward Sustainable and Rapid Growth

Occasional Papers, March 1, 2000

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Philippines: Toward Sustainable and Rapid Growth

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Bibliographic details

• Authors: Markus Rodlauer
• Published: March 1, 2000
• Series: Occasional Papers
• DOI: https://doi.org/10.5089/9781557758613.084

Overview and central findings

• This Occasional Paper discusses the policies behind the favorable economic performance of the Philippines during the 1990s.
• The Philippines emerged from a long period of slow growth and economic imbalances and managed to escape the "Asian crisis" relatively unscathed.
• The Philippines' recent experience suggests valuable lessons for emerging economies' efforts at crisis prevention and management, as well as for the country's own policy choices.
• The paper describes this experience, focusing on the elements behind the relatively strong performance as well as the remaining reform agenda.

Subject areas and keywords

• Subject: Banking, Commercial banks, Demand for money, Economic sectors, Expenditure, Exports, Financial institutions, International trade, Money, Public sector
• Keywords: Asia and Pacific, Baltics, Bangko Sentral ng Pilipinas, bank, Commercial banks, Demand for money, East Asia, Europe, Exports, Global, government, Middle East, monetary policy, OP, Philippines, policy slippage, poverty incidence, Public sector, shareholder right, Southeast Asia, trade liberalization