 Philippine industrial policy? Why not?Manuel Montes
Philippine Review of Economics, 2024, vol. 61, issue 2, 1-21 Abstract: Recent changes in trade policies in developed countries are sparking new interest in industrial policy programs. Among developing countries, failures against expected outcomes of structural adjustment programs in Latin America and Africa versus the perceived development successes of East Asia generate lessons about how different configurations of industrial policy can be more effective. This overview paper presents a definition of industrial policy and surveys the arguments for and against industrial policy. In the Philippine context, the consideration of industrial policy is a contravention of the state project since the 1980s to rely on an open trade regime as a key pillar of a development strategy. In the last decade, however, numerous legislative initiatives have sprung up to support industrial policy interventions. The papers in this volume represent updated thinking about industrial policy challenges and opportunities as they apply to the Philippine situation. Keywords: industrial policy; development; political economy; trade (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:phs:prejrn:v:61:y:2024:i:2:p:1-21 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. |
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