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Publication Detail
FSI CC 2017-8: Breaking Out of the Rut: Moving Forward with Philippine-LAC Economic Relations

Latin America and the Caribbean (LAC) as a region is facing secular stagnation right now. Meanwhile, the Philippines’ balance of trade remains negative (i.e., import-dependent) and for decades, the Philippine government has desired to finally address structural problems that hinder optimal export capabilities. This commentary seeks to address whether the looming long-term decline in productivity and in GDP growth in the LAC region is a significant threat or challenge in enhancing economic engagement (existing and forthcoming) between LAC and the Philippines. What must the Philippines do to mitigate the impacts of secular stagnation in LAC? What are the Philippines’ best options to cooperate?

Foreign Service Institute
Authors Keywords
Pabeliña, Karla Mae G. ; Casaclang, Rowell G.; Pacific Alliance; North American Free Trade Agreement (NAFTA); Mercosur; Secular Stagnation;
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Published in 2017 and available in the Foreign Service Institute, Department of Foreign Affairs, 2330 Roxas Boulevard, Pasay City 1300 or can be downloaded as full text Downloaded 270 times since October 25, 2018