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ADB 2013-02: Transforming the Philippine Economy: "Walking on Two Legs"

Norio Usui analyzes the long-term growth of the Philippine economy through the lens of structural transformation to clarify the root causes of the country's lagged growth performance in the regional context. The main culprit behind lagging growth is a chronic productivity growth deficit as a result of stagnant industrialization. High unemployment, slow poverty reduction, and stagnant investment are a reflection of stagnant industrialization.

Asian Development Bank
Authors Keywords
Norio Usui; structural transformation;
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Published in 2011 and available in the ADB or can be downloaded as full text Downloaded 670 times since February 20, 2013