This volume contains most of the research output of the Industrial Promotion Policies Project (IPPP) which was undertaken at the University of the Philippines School of Economics (UPSE) from July 1977 to March 1979 under PIDS direction. The project's main objectives are to describe quantitatively the recent economic policy climate affecting the performance of Philippine manufacturing industries and to recommend modifications in the country's industrial promotion policies with a view to making them more supportive of national development policies. Aside from the main report, working papers written by IPPP participants also appear in the book. It likewise contains three Ph.D. dissertations on industrial promotion policies submitted to the UPSE in April 1979.