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Is The Philippines Heading Towards a Social Market Economy? Lessons from Germany


This paper contends that the current administration’s efforts to ramp up spending on basic social services and infrastructure, while ensuring a truly competitive market-based economy, bears some semblance to Germany’s social market economy. Previous Philippine administrations made similar attempts. Thus, Germany's model is worth examining to derive policy lessons that may be applicable to the realization of the country’s development plan.

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