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FSI FI 2018-1: Is The Philippines Heading Towards a Social Market Economy? Lessons from Germany

This paper contends that the current administration's efforts to ramp up spending on basic social services and infrastructure, while ensuring a truly competitive market-based economy, bears some semblance to Germany's social market economy. Previous Philippine administrations made similar attempts. Thus, Germany's model is worth examining to derive policy lessons that may be applicable to the realization of the country's development plan.

Foreign Service Institute
Authors Keywords
Katigbak, Jovito Jose, P.; Medium Term Philippine Development Plan (MTPDP); social market economy; Germany;
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Published in 2018 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 33 times since October 25, 2018