Philippines - Discussion Notes : Challenges and Options for 2010 and Beyond

With the global economy on the way to recovery from the financial crisis, the Asian economies appear poised to bounce back strongly. For most people in the Philippines, however, a return to the status quo ante will offer little consolation. That i...

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Bibliographic Details
Main Author:	World Bank
Format:	Other Financial Accountability Study
Language:	English
Published:	World Bank 2012
Subjects:	ACCOUNTABILITY ADMINISTRATIVE REFORMS ADVERSE EFFECTS ADVERSE IMPACT AGRICULTURE ANTI-COMPETITIVE PRACTICES AUDITS BALANCE OF PAYMENTS BANK SECRECY BANKING SYSTEM BARRIERS TO GROWTH BINDING CONSTRAINTS BUDGET TRANSPARENCY BUSINESS DEVELOPMENT BUSINESS ENVIRONMENT BUSINESS REGULATIONS CAPITAL ACCUMULATION CAPITAL FORMATION CAPITAL INTENSIVE PRODUCTION CAPITAL INVESTMENTS CENTRAL BANK CITIZENS CIVIL SOCIETY CIVIL UNREST CLIMATE CHANGE COMMUNICATIONS TECHNOLOGY COMPARATIVE ADVANTAGE COMPETITION FRAMEWORK COMPETITION POLICY COMPETITIVENESS CONSUMER PRICE INDEX CONSUMERS CONTINGENT LIABILITIES CORE GOVERNANCE CORPORATE PROFITS CORPORATE TAX CORRUPT PRACTICES CORRUPTION CREDIT BUREAU CRIME CRISES CURRENCY DEBT DECENTRALIZATION DECISION MAKING DEMOGRAPHIC TRANSITION DEVELOPED COUNTRIES DEVELOPING COUNTRIES DEVELOPING ECONOMIES DEVELOPMENT STRATEGY DRINKING WATER ECONOMIC ACTIVITY ECONOMIC CRISIS ECONOMIC EMPOWERMENT ECONOMIC EXPANSION ECONOMIC GROWTH ECONOMIC PERFORMANCE ECONOMICS ECONOMIES OF SCALE ECONOMISTS ELASTICITY EMISSIONS EMPIRICAL EVIDENCE ENVIRONMENTAL ENVIRONMENTAL DEGRADATION EQUILIBRIUM EXCESS SUPPLY EXCHANGE RATE EXCISE TAXES EXPORT GROWTH EXPORTS EXPOSURE EXTERNALITIES FINANCIAL CRISIS FINANCIAL INFORMATION FINANCIAL MANAGEMENT FINANCIAL MARKETS FINANCIAL RISKS FINANCIAL SECTOR FINANCING FACILITIES FISCAL CONSOLIDATION FISCAL POLICY FULL EMPLOYMENT GDP GINI COEFFICIENT GLOBAL ECONOMY GOOD GOVERNANCE GOVERNANCE INDICATORS GOVERNANCE REFORM GROWTH RATE GROWTH RATES HUMAN CAPITAL HUMAN RESOURCE IMPORT BARRIERS IMPROVING GOVERNANCE INCOME DISTRIBUTION INCOME GROWTH INCOME LEVELS INCOMES INDUSTRIALIZATION INEQUALITY INFANT MORTALITY INFLATIONARY PRESSURES INFORMATION SYSTEM INFORMATION SYSTEMS INFRASTRUCTURE DEVELOPMENT INSTITUTIONAL ARRANGEMENTS INSTITUTIONAL CAPACITIES INSTITUTIONAL FRAMEWORK INSURANCE INSURANCE INDUSTRY INTERNATIONAL FINANCE INTERNATIONAL TRADE INVESTMENT CLIMATE INVESTOR PROTECTION JOB CREATION LABOR COSTS LABOR FORCE LABOR PRODUCTIVITY LEGAL FRAMEWORK LIQUIDITY LIVING STANDARDS LOCAL GOVERNANCE LOCAL LEVELS MACROECONOMIC MANAGEMENT MACROECONOMIC STABILITY MARGINAL PRODUCT MARGINAL PRODUCTS MARKET ACCESS MARKET DISTORTIONS MIDDLE-INCOME ECONOMIES NATIONAL INCOME NATIONAL LEVEL NATURAL DISASTERS NATURAL RESOURCES NET WORTH OPEN ECONOMY ORGANIZATIONAL STRUCTURE OUTPUT OUTSOURCING PER CAPITA INCOME PERFORMANCE INDICATORS POLITICAL STABILITY POPULATION GROWTH PRICE SUBSIDY PRIMARY EDUCATION PRIVATE CONSUMPTION PRIVATE INVESTMENT PRIVATE SCHOOLS PRIVATE SECTOR DEVELOPMENT PRIVATIZATION PRODUCERS PRODUCTION PROCESSES PRODUCTIVITY GROWTH PRODUCTIVITY INCREASES PROPERTY RIGHTS PUBLIC DEBT PUBLIC EXPENDITURES PUBLIC FINANCES PUBLIC POLICY PUBLIC SECTOR MANAGEMENT PUBLIC SERVICE DELIVERY PUBLIC-PRIVATE PARTNERSHIPS RAPID EXPANSION REAL GDP REAL INCOME REAL WAGES REFORM PROGRAM REGULATORY CAPTURE REGULATORY FRAMEWORK RENEWABLE ENERGY REPUTATION RESOURCE MANAGEMENT RISK MANAGEMENT RISK REDUCTION SAFETY NETS SAVINGS SECRECY LAW SKILLED WORKERS SKILLS SHORTAGES SOCIAL DEVELOPMENT SOCIAL PROGRAMS SOCIAL PROTECTION SOCIAL PROTECTION STRATEGY SOCIAL SAFETY NET SOCIAL SERVICES SUSTAINABLE MANAGEMENT TAX TAX COLLECTION TAX EVASION TAX REFORMS TAX REVENUES TAX SYSTEM TAXATION TOTAL FACTOR PRODUCTIVITY TOTAL FACTOR PRODUCTIVITY GROWTH TRADE BARRIERS TRADE DEFICIT TRADE DEFICITS TRADE LIBERALIZATION TRADE POLICIES TRADE POLICY TRANSPARENCY UNDERESTIMATES UNDERVALUATION UNEMPLOYMENT UNEMPLOYMENT RATE URBAN DEVELOPMENT WAGES WASTE MANAGEMENT WORLD ECONOMY WORLD TRADE WORLD TRADE ORGANIZATION WTO
Online Access:	http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000386194_20110615035150 http://hdl.handle.net/10986/2760

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Summary:	With the global economy on the way to recovery from the financial crisis, the Asian economies appear poised to bounce back strongly. For most people in the Philippines, however, a return to the status quo ante will offer little consolation. That is because when economic growth accelerated during 2002-08, poverty did not decline as hoped. With a third of the population currently below the poverty line, and high and rising inequality in incomes, the country's main development challenge is to achieve growth that is much more widely shared to make growth work for the poor. Making growth work for the poor in the Philippines is a significant development challenge, but one that is worth pursuing vigorously. The new administration not only has the mandate but the historic opportunity to deliver on this goal as well as other election platforms on which it was voted to power. These include 'the organized and widely-shared rapid expansion of the economy through a government dedicated to honing and mobilizing the people's skills and energies as well as the responsible harnessing of natural resources; moving to well-considered programs that build capacity and create opportunity among the poor and the marginalized in the country; policies that create conditions conducive to the growth and competitiveness of private businesses, big, medium and small; and making education the central strategy for investing in people, reducing poverty and building national competitiveness.' In addition, the new administration is committed to fight corruption. These goals are fully echoed in the strategy and policy actions identified above and elaborated in the accompanying discussion notes.

Philippines - Discussion Notes : Challenges and Options for 2010 and Beyond

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