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Has the Philippines forever lost its chance at industrialization?

Philippine Review of Economics

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Title Has the Philippines forever lost its chance at industrialization?
 
Creator Williamson, Jeffrey; Harvard University,
UP School of Economics
de Dios, Emmanuel; UP School of Economics
 
Subject industrial development, industrial structure, growth, deviant behavior, Philippines
 
Description After 1870, and long before the rise of the Asian Tigers and the group of emerging economies of Brazil, Russia, India, China, and South Africa, industrial output grew fast enough in the poor periphery to achieve unconditional convergence on the industrial leaders. The Philippines was part of the group of countries that caught up during the interwar and post-war import-substitution-industrialization years. It began to deviate from the pack after the 1970s, however, leaving the group in 1982, never to re-enter it. This paper examines the possible causes of what appears to have been a unique event. These cover political instability, institutional weaknesses, liberalization policy, labor emigration, and Dutch disease. Taken together, these forces created a “perfect de-industrializing storm”, It seems likely that the Philippines has forever lost its chance at industrialization. JEL classification: F1, N7, O2
 
Publisher Philippine Review of Economics
 
Contributor —
 
Date 2014-12-25
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://www.econ.upd.edu.ph/pre/index.php/pre/article/view/909
 
Source Philippine Review of Economics; Vol 51, No 2 (2014); 47-66
1655-1516
 
Language eng
 
Relation http://www.econ.upd.edu.ph/pre/index.php/pre/article/view/909/809
 
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