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
Enhancing Decent Work Outcomes in Small-Scale Gold Mining

PIDS WB 2021-0904
Annual Public Policy Conference Webinar 3: Green And Inclusive Recovery
PIDS WB 2021-0903
Annual Public Policy Conference Webinar 2: Ethical Business
PIDS WB 2021-0902
Opening Program and Annual Public Policy Conference Webinar 1: Resetting Capitalism
PIDS WB 2021-0901
19th Development Policy Research Month Kick-Off Forum
Publication Detail
PB2014-02: Maximizing the Gains from the ASEAN Economic Community: The Philippines Amid the Process of ASEAN Integration

This paper indicates that the Philippines has not maximized the potential gains and opportunities in joining the looming ASEAN Economic Community in terms of increased trade and investments relative to other middle-income ASEAN member states. Any gain, albeit minimal, has been achieved by joining the global production networks. It also supports various studies which argue that the impediments to faster economic growth are largely internal and that the Philippines could have grown substantially had resources been spent on achieving productivity, improving governance, and strengthening institutions. The government has to continue implementing measures to promote competition and strengthening regulatory framework especially in public utilities. An increase in infrastructure investment, power and logistics in particular, is crucial in reducing the cost of doing business in the country. A review of the constitutional limitations on foreign equity particularly the 60-40 rule is also warranted. Moreover, much could have been achieved if the legislative and regulatory limitations that impede the implementation of intra- and extra-ASEAN commitments have been addressed. Tapping member states’ legislatures through the AIPA to actively participate in mapping out and enacting the necessary laws and measures could facilitate the implementation not only of the goals of integration per se but also in fasttracking the reforms needed to achieve competitiveness at the country level.

Congressional Policy and Budget Research Department
Authors Keywords
Gutierrez, Elsie; ASEAN; AEC; ASEAN Economic Community; FTA; Free Trade Agreements; ASEAN Integration;
Download PDF Number of Downloads
Published in 2014 and available in the Congressional Policy and Budget Research Department or Downloaded 270 times since October 01, 2015
Please let us know your reason for downloading this publication. May we also ask you to provide additional information that will help us serve you better? Rest assured that your answers will not be shared with any outside parties. It will take you only two minutes to complete the survey. Thank you.

To use as reference:
If others, (Please specify):
Name: (optional)
Email: (required, but will not display)
If Prefer to self-describe, please specify:
Level of Education:
If employed either part-time or full-time, name of office:
If others, (Please specify):
Would you like to receive the SERP-P UPDATES e-newsletter? Yes No
Use the space below if you have any comment about this publication or SERP-P knowledge resources in general.