Taking the Right Road to Inclusive Growth

Industrial Upgrading and Diversification in the Philippines

Business & Finance, Economics, Economic Development, Nonfiction, Social & Cultural Studies, Political Science, Government, Public Policy
Cover of the book Taking the Right Road to Inclusive Growth by Norio Usui, Asian Development Bank
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Norio Usui ISBN: 9789290926191
Publisher: Asian Development Bank Publication: April 1, 2012
Imprint: Asian Development Bank Language: English
Author: Norio Usui
ISBN: 9789290926191
Publisher: Asian Development Bank
Publication: April 1, 2012
Imprint: Asian Development Bank
Language: English

This report discusses key policy challenges that need to be addressed if the Philippines were to embark on sustainable and inclusive growth. We take the view that the main reason behind the Philippines' lagging growth and development outcomes in the regional context lies in a sluggish transformation of the economy---in particular, stagnant industrialization. Chronic problems of unemployment, poverty, and low investment are reflections of weak industrial development. The economy has been led by services, and it has been further shifting toward services with the growing business process outsourcing. Nevertheless, sole development of the services sectors is not sufficient to address the development challenges and lead to inclusive growth. We propose more targeted public sector support, which focuses on specific industries and products for industrial upgrading and diversification. This report shows a methodology of choosing products for targeted public sector support, and recommends effective dialogue between the public and private sectors to identify constraints specific to the target products and to develop adequate solutions. The Philippines needs to develop a stronger industrial base to enable the economy to "walk on two legs" of industry and modern services, to create productive job opportunities for the growing working-age population.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

This report discusses key policy challenges that need to be addressed if the Philippines were to embark on sustainable and inclusive growth. We take the view that the main reason behind the Philippines' lagging growth and development outcomes in the regional context lies in a sluggish transformation of the economy---in particular, stagnant industrialization. Chronic problems of unemployment, poverty, and low investment are reflections of weak industrial development. The economy has been led by services, and it has been further shifting toward services with the growing business process outsourcing. Nevertheless, sole development of the services sectors is not sufficient to address the development challenges and lead to inclusive growth. We propose more targeted public sector support, which focuses on specific industries and products for industrial upgrading and diversification. This report shows a methodology of choosing products for targeted public sector support, and recommends effective dialogue between the public and private sectors to identify constraints specific to the target products and to develop adequate solutions. The Philippines needs to develop a stronger industrial base to enable the economy to "walk on two legs" of industry and modern services, to create productive job opportunities for the growing working-age population.

More books from Asian Development Bank

Cover of the book Asian Economic Integration Monitor by Norio Usui
Cover of the book The Role of Community Colleges in Skills Development by Norio Usui
Cover of the book Strengthening the Environmental Dimensions of the Sustainable Development Goals in Asia and the Pacific by Norio Usui
Cover of the book An Eco-Compensation Policy Framework for the People's Republic of China by Norio Usui
Cover of the book Cambodia by Norio Usui
Cover of the book Philippines by Norio Usui
Cover of the book Kiribati's Political Economy and Capacity Development by Norio Usui
Cover of the book Asia Bond Monitor September 2015 by Norio Usui
Cover of the book A Guide to Sanitation Safety Planning in the Philippines by Norio Usui
Cover of the book Indicators for the Asian Development Bank Energy Sector Operations (2005–2010) by Norio Usui
Cover of the book Maldives by Norio Usui
Cover of the book ASEAN+3 Bond Market Guide Republic of Korea by Norio Usui
Cover of the book Strategic Options for Urbanization in the People’s Republic of China by Norio Usui
Cover of the book Innovations in Knowledge and Learning for Competitive Higher Education in Asia and the Pacific by Norio Usui
Cover of the book Partnering for Development by Norio Usui
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy