00000caa a22000003i 4500 UP-1685594773862388669 Buklod 20210323155110.0 m | | ta 210323s2003 xx r |||| u|eng d 1655-1516 (iLib)UPBAG-00039569097 BAG rda eng ARTICLE-2849 Aldaba, Rafaelita M. author. Concentration and market power in the Philippine manufacturing industry Rafaelita M. Aldaba. 2003. pages [27]-57 25 cm text rdacontent unmediated rdamedia volume rdacarrier Title was 'Philippine Review of Business and Economics' until 1979. Title changed to 'Philippine Review of Economics and Business' from 1980-2000, and again changed to 'Philippine Review of Economics' since 2001. Includes bibliographical references (pages 56-57) This paper looks at the presence of barriers to competition that prevent domestic and international prices from converging. These barriers may dampen, even reverse the gains from trade liberalization. Three decades of protectionism and import substitution in the Philippines have led to high levels of industrial concentration in a few wealthy families and small groups. Most of all, the experience has led to the deterioration of the culture of competition in the country. While liberalization may be a precondition for the growth of a free market, it does not, by itself, guarantee effective competition. For effective competition to emerge, trade reforms must be accompanied by the creation of competitive market and industry structures. The transition from import substitution to a more open economy requires not only the rule of law, but efficient institutions to support growth and institutional change. Competition, Unfair Philippines. Manufacturing industries Philippines. Trade liberalization Philippines. Restraint of trade. The Philippine Review of Economics Vol. XL, No. 1 (June 2003), p. [27]-57. Full-text access https://bit.ly/Philippinemanufacturingindustry (viewed 23 March 2021) UPBAG UPBAG-MAIN ARTICLE-2849 Analytics