EconPapers    
Economics at your fingertips  
 

Has the Philippines forever lost its chance at industrialization?

Jeffrey G. Williamson and Emmanuel de Dios (esdedios@up.edu.ph)
Additional contact information
Jeffrey G. Williamson: University of Wisconsin and Harvard University, UP School of Economics

Philippine Review of Economics, 2014, vol. 51, issue 2, 47-66

Abstract: After 1870, and long before the rise of the Asian Tigers and the group of emerging economies of Brazil, Russia, India, China, and South Africa, industrial output grew fast enough in the poor periphery to achieve unconditional convergence on the industrial leaders. The Philippines was part of the group of countries that caught up during the interwar and post-war import-substitution-industrialization years. It began to deviate from the pack after the 1970s, however, leaving the group in 1982, never to re-enter it. This paper examines the possible causes of what appears to have been a unique event. These cover political instability, institutional weaknesses, liberalization policy, labor emigration, and Dutch disease. Taken together, these forces created a Òperfect de-industrializing stormÓ, It seems likely that the Philippines has forever lost its chance at industrialization.

Keywords: industrial development; industrial structure; growth; deviant behavior; Philippines (search for similar items in EconPapers)
JEL-codes: F1 N7 O2 (search for similar items in EconPapers)
Date: 2014
References: Add references at CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
http://pre.econ.upd.edu.ph/index.php/pre/article/view/909/809 (application/pdf)

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:phs:prejrn:v:51:y:2014:i:2:p:47-66

Access Statistics for this article

More articles in Philippine Review of Economics from University of the Philippines School of Economics and Philippine Economic Society Contact information at EDIRC.
Bibliographic data for series maintained by HR Rabe (pre.upd@up.edu.ph).

 
Page updated 2025-02-12
Handle: RePEc:phs:prejrn:v:51:y:2014:i:2:p:47-66