00000caa a22000003i 4500 UP-1685594773862409125 Buklod 20210506154408.0 m | | ta 210706s2015 xx r |||| u|eng d 16551516 (iLib)UPBAG-00040067458 BAG rda eng ARTICLE-3393 Canlas, Dante B. author. The Philippines on the road to being an emerging economy Dante B. Canlas. [Quezon City] School of Economics, University of the Philippines 2015. pages 65-83 23 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 81-83) In the 1980s, the Philippines was viewed as a failure in terms of its goal to industrialize. But in the past few years of the current century, the country?s economic prospects improved and the country is predicted to be joining the next group of ?breakout nations?. The paper looks at the short-run macroeconomic policy reforms and long-term growth-oriented policies since 1986 that have contributed to improved growth performance and bright economic prospects. A responsible budget deficit-reduction program and investments in factors that support long-run growth, such as human capital, have been helpful. Moving forward, stabilization policy has gotten more challenging in an environment of mobile international capital, flexible exchange rates, and ?quantitative easing?. In the long run, policies conducive to technological progress are essential. Economic development Government policy. Philippines Economic policy. Philippines Economic conditions. The Philippine Review of Economics Vol. 52, no. 2 (December 2015), p. 65-83. Request full-text access via UPB University Library through https://forms.gle/KZjBv7aRtY6jiL5E9 UPBAG UPBAG-MAIN ARTICLE-3393 Analytics