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PN 2007-11: Can the Services Sector Be an Engine of Economic Growth for the Philippines?

With the services sector outpacing the Philippines' manufacturing sector in terms of growth and contribution to the country's gross domestic product (GDP) for decades now, is it prudent, as some quarters propose, for the government to "abandon" the manufacturing sector and shift its policy in support of the services sector as the engine of economic growth for the Philippines? This Policy Notes emphatically says "no" and highlights the arguments against such policy shift.

Philippine Institute for Development Studies
Authors Keywords
Yap, Josef T.; del Prado, Fatima; services sector; manufacturing sector; deindustrialization;
Download PDF Number of Downloads
Published in 2007 and available in the PIDS Library or Downloaded 837 times since November 25, 2011
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