The Contribution of SMEs to the Local Power for Economic Reproduction in the Philippines

John X. Lambino
Additional contact information
John X. Lambino: Graduate School of Economics at Kyoto University

Japan Social Innovation Journal, 2017, vol. 7, issue 1, 1

Abstract: The paper introduces and elucidates Okada's approach of the local power for economic reproduction. It uses the approach as a tool to analyze the role and contribution of SMEs in the local economy of the Philippines. Under the approach, the local power for economic reproduction is the power that determines the scale and quality of economic reproduction. It strengthens when the funds locally generated are used and circulated within the locality.The paper points out the country's propensity of using imported means of production that has led to chronic trade deficit. Due to the chronic trade deficit, the country has faced numerous balance of payments crises. The government has responded to the crises by actively using external debt and foreign direct investment. However, external debts and foreign direct investments are attendant with local funds outflow for debt servicing and for profit remittance. The paper argues that these weaken the local power for economic reproduction.

Keywords: Local development; Local power for economic reproduction; SMEs; The Philippines (search for similar items in EconPapers)
JEL-codes: O00 O10 O53 (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://doi.org/10.12668/jsij.7.1 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hyo:journl:v:7:y:2017:i:1:p:1

Access Statistics for this article

More articles in Japan Social Innovation Journal from University of Hyogo Institute for Policy Analysis and Social Innovation Contact information at EDIRC.
Bibliographic data for series maintained by University of Hyogo Institute for Policy Analysis and Social Innovation ().