DRN Vol. 39 No.3
'Reexamine SHS Programs Employment and Entrepreneurial Objectives'
Regulatory Impact Assessment Adoption Determinants: A Diagnostic Framework
Exploring Responses to the Employment Impact of Excise Tax Reform: The Case of the Philippine Tobacco Industry
Mapping Out Employment Opportunities in the Cultural Heritage Sector A Strategic Framework

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Annual Public Policy Conference Webinar 4: Robust and Healthy Workforce and Closing Program
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Annual Public Policy Conference Webinar 3: Green And Inclusive Recovery
PIDS WB 2021-0903
Annual Public Policy Conference Webinar 2: Ethical Business
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Opening Program and Annual Public Policy Conference Webinar 1: Resetting Capitalism
Publication Detail
DP 2013-27: Aspirations and Challenges for Economic and Social Development in the Philippines Toward 2030

The Philippines continues to demonstrate a development puzzle. Despite abundant natural and human resources, its development record pales in comparison with its neighbors in East Asia. This study presents a SWOT analysis to explain the economic development of the Philippines. To overcome the threats and weaknesses, the Philippines should aspire for BRISK development: balanced, rapid, inclusive, sustainable, and capital-intensive economic growth. Policy recommendations include standard reforms related to expanding fiscal space and improving infrastructure. However, Philippine history requires that special attention be given to strengthening institutions and weakening the grip of oligarchs. The rapid rise of China and India and the establishment of the ASEAN Economic Community provide an opportunity to attract more foreign direct investment, diversify the productions base, and expand the role of small and medium-sized enterprises.

Philippine Institute for Development Studies
Authors Keywords
Yap, Josef T.; Majuca, Ruperto P.; Philippines; ASEAN Economic Community (AEC); development puzzle; SWOT analysis; critical development constraints; balanced, rapid, sustainable, inclusive, and capital-intensive economic growth;
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Published in 2013 and available in the PIDS Library or Downloaded 3,833 times since April 10, 2013
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