Arbeitspapier
Asia's Underachiever: Deep Constraints in Philippine Economic Growth
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 most convincing explanation for mediocre growth. Hence, to raise the country's growth trajectory, I recommend: sustained policy reform; less hand-wringing over Filipino culture and corruption; and above all, focused and sustained development of functional capitalistic institutions.
- Language
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Englisch
- Bibliographic citation
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Series: PIDS Discussion Paper Series ; No. 2009-04
- Classification
-
Wirtschaft
- Subject
-
Philippines
development
institutions
growth constraints
Wirtschaftswachstum
Institutionelle Infrastruktur
Philippinen
- Event
-
Geistige Schöpfung
- (who)
-
Briones, Roehlano M.
- Event
-
Veröffentlichung
- (who)
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Philippine Institute for Development Studies (PIDS)
- (where)
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Makati City
- (when)
-
2009
- Handle
- Last update
-
10.03.2025, 11:44 AM CET
Data provider
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Object type
- Arbeitspapier
Associated
- Briones, Roehlano M.
- Philippine Institute for Development Studies (PIDS)
Time of origin
- 2009
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