Philippines : From Short-Term Growth to Sustained Development

After reviewing the more promising recent developments, this report examines the nature of growth and development in the Philippines from a longer-term perspective and the factors that may have inhibited performance. It concludes that political instability has undermined the beneficial impact of the...

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Main Author:	World Bank
Format:	Development Policy Review (DPR)
Language:	English en_US
Published:	Washington, DC 2012
Subjects:	ACCOUNTABILITY ACCOUNTING AGRICULTURE ASSET MANAGEMENT ASSETS BALANCE OF PAYMENTS BALANCE SHEETS BANKING SECTOR BANKING SYSTEM BOND ISSUES BORROWING BORROWING COSTS CAPITAL MARKETS CENTRAL BANK CITIZENS CIVIL SERVICE COMMERCIAL BORROWING COMPETITIVENESS CORRUPTION CPI CRISES CRONY DEBT DEBT SERVICE DEBT/GDP DECENTRALIZATION DEFICITS DEREGULATION DIRECT INVESTMENT ECONOMIC ACTIVITY ECONOMIC CRITERIA ECONOMIC GROWTH ECONOMIC PERFORMANCE ECONOMIC REFORM ECONOMIC SHOCKS EDUCATIONAL ATTAINMENT EFFECTIVE PARTICIPATION ELECTRICITY EXCHANGE RATE EXPENDITURE/GDP EXPENDITURES EXPORT GROWTH EXPORTS FINANCIAL CRISIS FINANCIAL INSTITUTIONS FINANCIAL MANAGEMENT FINANCIAL MARKETS FINANCIAL RESOURCES FINANCIAL SECTOR FISCAL MANAGEMENT FISCAL POLICY FISCAL REFORMS FOREIGN EXCHANGE GDP GINI COEFFICIENT GNP GOVERNMENT DEBT GOVERNMENT GUARANTEES GOVERNMENT SECURITIES GOVERNMENT SPENDING GROWTH PERFORMANCE HUMAN DEVELOPMENT HUMAN RESOURCE IMPORTS INCOME INCOME GROUPS INEQUALITY INEQUALITY MEASURES INFLATION INSTITUTIONAL CAPACITY INTEREST RATES INTERNATIONAL CREDIT RATING AGENCIES INTERNATIONAL RESERVES INTERNATIONAL TRADE INVESTMENT CLIMATE LABOR FORCE LATIN AMERICAN LAWS LIQUIDITY LOCAL GOVERNMENT LOCAL GOVERNMENTS M3 MARKET ECONOMIES MATURITIES MERITOCRACY MULTINATIONAL CORPORATIONS NATIONAL INCOME NATIONAL LEVEL NATURAL RESOURCES NEW ENTRANTS PACIFIC REGION PER CAPITA INCOME POLICY CREDIBILITY POLITICAL INSTABILITY PRICE INCREASES PRIMARY EDUCATION PRIVATE SECTOR PRIVATE SECTOR PARTICIPATION PRIVATIZATION PRODUCERS PRODUCTIVE ASSETS PUBLIC DEBT PUBLIC DEBT/GDP PUBLIC EXPENDITURE PUBLIC EXPENDITURE MANAGEMENT PUBLIC FINANCES PUBLIC GOODS PUBLIC INSTITUTIONS PUBLIC INVESTMENT PUBLIC INVESTMENT IN INFRASTRUCTURE PUBLIC PARTNERSHIPS PUBLIC SECTOR PUBLIC SECTOR BORROWING PUBLIC SECTOR DEFICIT PUBLIC SECTOR MANAGEMENT PUBLIC SERVICES REAL GDP REAL GNP REGULATORY FRAMEWORK RESOURCE MOBILIZATION REVENUE/GDP SAVINGS SECURITIES MARKETS SERVICE DELIVERY SOCIAL OUTCOMES SOCIAL PROGRAMS TARIFF BARRIERS TAX TAX ADMINISTRATION TAX EVASION TAX INCENTIVES TAX REVENUE TAX REVENUE/GDP TAX/GDP TELECOMMUNICATIONS TERMS OF TRADE TOTAL FACTOR PRODUCTIVITY TOTAL REVENUE TRADE DEFICIT TRANSPORT TREASURY UNEMPLOYMENT UNEMPLOYMENT RATE UNEQUAL ACCESS URBAN POVERTY VESTED INTERESTS WAGES WTO
Online Access:	http://documents.worldbank.org/curated/en/2005/04/5792182/philippines-short-term-growth-sustained-development http://hdl.handle.net/10986/8552

id	okr-10986-8552
recordtype	oai_dc
spelling	okr-10986-85522021-04-23T14:02:39Z Philippines : From Short-Term Growth to Sustained Development World Bank ACCOUNTABILITY ACCOUNTING AGRICULTURE ASSET MANAGEMENT ASSETS BALANCE OF PAYMENTS BALANCE SHEETS BANKING SECTOR BANKING SYSTEM BOND ISSUES BORROWING BORROWING COSTS CAPITAL MARKETS CENTRAL BANK CITIZENS CIVIL SERVICE COMMERCIAL BORROWING COMPETITIVENESS CORRUPTION CPI CRISES CRONY DEBT DEBT SERVICE DEBT/GDP DECENTRALIZATION DEFICITS DEREGULATION DIRECT INVESTMENT ECONOMIC ACTIVITY ECONOMIC CRITERIA ECONOMIC GROWTH ECONOMIC PERFORMANCE ECONOMIC REFORM ECONOMIC SHOCKS EDUCATIONAL ATTAINMENT EFFECTIVE PARTICIPATION ELECTRICITY EXCHANGE RATE EXPENDITURE/GDP EXPENDITURES EXPORT GROWTH EXPORTS FINANCIAL CRISIS FINANCIAL INSTITUTIONS FINANCIAL MANAGEMENT FINANCIAL MARKETS FINANCIAL RESOURCES FINANCIAL SECTOR FISCAL MANAGEMENT FISCAL POLICY FISCAL REFORMS FOREIGN EXCHANGE GDP GINI COEFFICIENT GNP GOVERNMENT DEBT GOVERNMENT GUARANTEES GOVERNMENT SECURITIES GOVERNMENT SPENDING GROWTH PERFORMANCE HUMAN DEVELOPMENT HUMAN RESOURCE IMPORTS INCOME INCOME GROUPS INEQUALITY INEQUALITY MEASURES INFLATION INSTITUTIONAL CAPACITY INTEREST RATES INTERNATIONAL CREDIT RATING AGENCIES INTERNATIONAL RESERVES INTERNATIONAL TRADE INVESTMENT CLIMATE LABOR FORCE LATIN AMERICAN LAWS LIQUIDITY LOCAL GOVERNMENT LOCAL GOVERNMENTS M3 MARKET ECONOMIES MATURITIES MERITOCRACY MULTINATIONAL CORPORATIONS NATIONAL INCOME NATIONAL LEVEL NATURAL RESOURCES NEW ENTRANTS PACIFIC REGION PER CAPITA INCOME POLICY CREDIBILITY POLITICAL INSTABILITY PRICE INCREASES PRIMARY EDUCATION PRIVATE SECTOR PRIVATE SECTOR PARTICIPATION PRIVATIZATION PRODUCERS PRODUCTIVE ASSETS PUBLIC DEBT PUBLIC DEBT/GDP PUBLIC EXPENDITURE PUBLIC EXPENDITURE MANAGEMENT PUBLIC FINANCES PUBLIC GOODS PUBLIC INSTITUTIONS PUBLIC INVESTMENT PUBLIC INVESTMENT IN INFRASTRUCTURE PUBLIC PARTNERSHIPS PUBLIC SECTOR PUBLIC SECTOR BORROWING PUBLIC SECTOR DEFICIT PUBLIC SECTOR MANAGEMENT PUBLIC SERVICES REAL GDP REAL GNP REGULATORY FRAMEWORK RESOURCE MOBILIZATION REVENUE/GDP SAVINGS SECURITIES MARKETS SERVICE DELIVERY SOCIAL OUTCOMES SOCIAL PROGRAMS TARIFF BARRIERS TAX TAX ADMINISTRATION TAX EVASION TAX INCENTIVES TAX REVENUE TAX REVENUE/GDP TAX/GDP TELECOMMUNICATIONS TERMS OF TRADE TOTAL FACTOR PRODUCTIVITY TOTAL REVENUE TRADE DEFICIT TRANSPORT TREASURY UNEMPLOYMENT UNEMPLOYMENT RATE UNEQUAL ACCESS URBAN POVERTY VESTED INTERESTS WAGES WTO After reviewing the more promising recent developments, this report examines the nature of growth and development in the Philippines from a longer-term perspective and the factors that may have inhibited performance. It concludes that political instability has undermined the beneficial impact of the reforms implemented, and that such instability itself has been rooted in governance failures. Moreover, weaknesses in public institutions and corruption have also directly undermined a range of development objectives. Reconstructing the social contract in the Philippines is a challenge. Key pillars of this strategy discussed in the report include: reducing fiscal vulnerabilities; improving the climate for private investment; and improving public sector performance and governance. The interdependence of these elements as part of a strategy to rebuild the social contract is discussed and the report elaborates on improving the delivery of basic services. 2012-06-20T18:49:56Z 2012-06-20T18:49:56Z 2005-04 http://documents.worldbank.org/curated/en/2005/04/5792182/philippines-short-term-growth-sustained-development http://hdl.handle.net/10986/8552 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC Economic & Sector Work :: Development Policy Review (DPR) Economic & Sector Work East Asia and Pacific Asia Southeast Asia Philippines
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	ACCOUNTABILITY ACCOUNTING AGRICULTURE ASSET MANAGEMENT ASSETS BALANCE OF PAYMENTS BALANCE SHEETS BANKING SECTOR BANKING SYSTEM BOND ISSUES BORROWING BORROWING COSTS CAPITAL MARKETS CENTRAL BANK CITIZENS CIVIL SERVICE COMMERCIAL BORROWING COMPETITIVENESS CORRUPTION CPI CRISES CRONY DEBT DEBT SERVICE DEBT/GDP DECENTRALIZATION DEFICITS DEREGULATION DIRECT INVESTMENT ECONOMIC ACTIVITY ECONOMIC CRITERIA ECONOMIC GROWTH ECONOMIC PERFORMANCE ECONOMIC REFORM ECONOMIC SHOCKS EDUCATIONAL ATTAINMENT EFFECTIVE PARTICIPATION ELECTRICITY EXCHANGE RATE EXPENDITURE/GDP EXPENDITURES EXPORT GROWTH EXPORTS FINANCIAL CRISIS FINANCIAL INSTITUTIONS FINANCIAL MANAGEMENT FINANCIAL MARKETS FINANCIAL RESOURCES FINANCIAL SECTOR FISCAL MANAGEMENT FISCAL POLICY FISCAL REFORMS FOREIGN EXCHANGE GDP GINI COEFFICIENT GNP GOVERNMENT DEBT GOVERNMENT GUARANTEES GOVERNMENT SECURITIES GOVERNMENT SPENDING GROWTH PERFORMANCE HUMAN DEVELOPMENT HUMAN RESOURCE IMPORTS INCOME INCOME GROUPS INEQUALITY INEQUALITY MEASURES INFLATION INSTITUTIONAL CAPACITY INTEREST RATES INTERNATIONAL CREDIT RATING AGENCIES INTERNATIONAL RESERVES INTERNATIONAL TRADE INVESTMENT CLIMATE LABOR FORCE LATIN AMERICAN LAWS LIQUIDITY LOCAL GOVERNMENT LOCAL GOVERNMENTS M3 MARKET ECONOMIES MATURITIES MERITOCRACY MULTINATIONAL CORPORATIONS NATIONAL INCOME NATIONAL LEVEL NATURAL RESOURCES NEW ENTRANTS PACIFIC REGION PER CAPITA INCOME POLICY CREDIBILITY POLITICAL INSTABILITY PRICE INCREASES PRIMARY EDUCATION PRIVATE SECTOR PRIVATE SECTOR PARTICIPATION PRIVATIZATION PRODUCERS PRODUCTIVE ASSETS PUBLIC DEBT PUBLIC DEBT/GDP PUBLIC EXPENDITURE PUBLIC EXPENDITURE MANAGEMENT PUBLIC FINANCES PUBLIC GOODS PUBLIC INSTITUTIONS PUBLIC INVESTMENT PUBLIC INVESTMENT IN INFRASTRUCTURE PUBLIC PARTNERSHIPS PUBLIC SECTOR PUBLIC SECTOR BORROWING PUBLIC SECTOR DEFICIT PUBLIC SECTOR MANAGEMENT PUBLIC SERVICES REAL GDP REAL GNP REGULATORY FRAMEWORK RESOURCE MOBILIZATION REVENUE/GDP SAVINGS SECURITIES MARKETS SERVICE DELIVERY SOCIAL OUTCOMES SOCIAL PROGRAMS TARIFF BARRIERS TAX TAX ADMINISTRATION TAX EVASION TAX INCENTIVES TAX REVENUE TAX REVENUE/GDP TAX/GDP TELECOMMUNICATIONS TERMS OF TRADE TOTAL FACTOR PRODUCTIVITY TOTAL REVENUE TRADE DEFICIT TRANSPORT TREASURY UNEMPLOYMENT UNEMPLOYMENT RATE UNEQUAL ACCESS URBAN POVERTY VESTED INTERESTS WAGES WTO
spellingShingle	ACCOUNTABILITY ACCOUNTING AGRICULTURE ASSET MANAGEMENT ASSETS BALANCE OF PAYMENTS BALANCE SHEETS BANKING SECTOR BANKING SYSTEM BOND ISSUES BORROWING BORROWING COSTS CAPITAL MARKETS CENTRAL BANK CITIZENS CIVIL SERVICE COMMERCIAL BORROWING COMPETITIVENESS CORRUPTION CPI CRISES CRONY DEBT DEBT SERVICE DEBT/GDP DECENTRALIZATION DEFICITS DEREGULATION DIRECT INVESTMENT ECONOMIC ACTIVITY ECONOMIC CRITERIA ECONOMIC GROWTH ECONOMIC PERFORMANCE ECONOMIC REFORM ECONOMIC SHOCKS EDUCATIONAL ATTAINMENT EFFECTIVE PARTICIPATION ELECTRICITY EXCHANGE RATE EXPENDITURE/GDP EXPENDITURES EXPORT GROWTH EXPORTS FINANCIAL CRISIS FINANCIAL INSTITUTIONS FINANCIAL MANAGEMENT FINANCIAL MARKETS FINANCIAL RESOURCES FINANCIAL SECTOR FISCAL MANAGEMENT FISCAL POLICY FISCAL REFORMS FOREIGN EXCHANGE GDP GINI COEFFICIENT GNP GOVERNMENT DEBT GOVERNMENT GUARANTEES GOVERNMENT SECURITIES GOVERNMENT SPENDING GROWTH PERFORMANCE HUMAN DEVELOPMENT HUMAN RESOURCE IMPORTS INCOME INCOME GROUPS INEQUALITY INEQUALITY MEASURES INFLATION INSTITUTIONAL CAPACITY INTEREST RATES INTERNATIONAL CREDIT RATING AGENCIES INTERNATIONAL RESERVES INTERNATIONAL TRADE INVESTMENT CLIMATE LABOR FORCE LATIN AMERICAN LAWS LIQUIDITY LOCAL GOVERNMENT LOCAL GOVERNMENTS M3 MARKET ECONOMIES MATURITIES MERITOCRACY MULTINATIONAL CORPORATIONS NATIONAL INCOME NATIONAL LEVEL NATURAL RESOURCES NEW ENTRANTS PACIFIC REGION PER CAPITA INCOME POLICY CREDIBILITY POLITICAL INSTABILITY PRICE INCREASES PRIMARY EDUCATION PRIVATE SECTOR PRIVATE SECTOR PARTICIPATION PRIVATIZATION PRODUCERS PRODUCTIVE ASSETS PUBLIC DEBT PUBLIC DEBT/GDP PUBLIC EXPENDITURE PUBLIC EXPENDITURE MANAGEMENT PUBLIC FINANCES PUBLIC GOODS PUBLIC INSTITUTIONS PUBLIC INVESTMENT PUBLIC INVESTMENT IN INFRASTRUCTURE PUBLIC PARTNERSHIPS PUBLIC SECTOR PUBLIC SECTOR BORROWING PUBLIC SECTOR DEFICIT PUBLIC SECTOR MANAGEMENT PUBLIC SERVICES REAL GDP REAL GNP REGULATORY FRAMEWORK RESOURCE MOBILIZATION REVENUE/GDP SAVINGS SECURITIES MARKETS SERVICE DELIVERY SOCIAL OUTCOMES SOCIAL PROGRAMS TARIFF BARRIERS TAX TAX ADMINISTRATION TAX EVASION TAX INCENTIVES TAX REVENUE TAX REVENUE/GDP TAX/GDP TELECOMMUNICATIONS TERMS OF TRADE TOTAL FACTOR PRODUCTIVITY TOTAL REVENUE TRADE DEFICIT TRANSPORT TREASURY UNEMPLOYMENT UNEMPLOYMENT RATE UNEQUAL ACCESS URBAN POVERTY VESTED INTERESTS WAGES WTO World Bank Philippines : From Short-Term Growth to Sustained Development
geographic_facet	East Asia and Pacific Asia Southeast Asia Philippines
description	After reviewing the more promising recent developments, this report examines the nature of growth and development in the Philippines from a longer-term perspective and the factors that may have inhibited performance. It concludes that political instability has undermined the beneficial impact of the reforms implemented, and that such instability itself has been rooted in governance failures. Moreover, weaknesses in public institutions and corruption have also directly undermined a range of development objectives. Reconstructing the social contract in the Philippines is a challenge. Key pillars of this strategy discussed in the report include: reducing fiscal vulnerabilities; improving the climate for private investment; and improving public sector performance and governance. The interdependence of these elements as part of a strategy to rebuild the social contract is discussed and the report elaborates on improving the delivery of basic services.
format	Economic & Sector Work :: Development Policy Review (DPR)
author	World Bank
author_facet	World Bank
author_sort	World Bank
title	Philippines : From Short-Term Growth to Sustained Development
title_short	Philippines : From Short-Term Growth to Sustained Development
title_full	Philippines : From Short-Term Growth to Sustained Development
title_fullStr	Philippines : From Short-Term Growth to Sustained Development
title_full_unstemmed	Philippines : From Short-Term Growth to Sustained Development
title_sort	philippines : from short-term growth to sustained development
publisher	Washington, DC
publishDate	2012
url	http://documents.worldbank.org/curated/en/2005/04/5792182/philippines-short-term-growth-sustained-development http://hdl.handle.net/10986/8552
_version_	1764404917807611904

Philippines : From Short-Term Growth to Sustained Development

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