Publication:
The Political Economy of Reform during the Ramos Administration (1992-98)

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dc.contributor.authorBernardo, Romeo L.
dc.contributor.authorTang, Marie-Christine G.
dc.date.accessioned2017-08-28T17:13:48Z
dc.date.available2017-08-28T17:13:48Z
dc.date.issued2008
dc.description.abstractThis paper is one of several case studies prepared for the World Bank. The objective of the case studies is to provide the Commission on Growth and Development insights on the policy reform process in developing countries that give rise to economic growth. In contrast to other countries where economic reforms ushered in a long period of sustained growth, there is no such episode in Philippine economic history. Since the restoration of democracy in 1986, the Philippines under the Ramos administration came closest to breaking out of its 'sick man of Asia' image. The confidence generated by the administration among local and international players and analysts resulted from wide-ranging reforms rooted primarily in a sound macroeconomic and investor-friendly regime as well as global competitiveness. This study is not intended as a scorecard of the Ramos Administration. Rather, it concentrates on three specific sector reforms during the Ramos administration that demonstrate the elements of successful reform processes. These reforms not only helped to free up demands on public finances then- considered, in today's parlance, the 'binding constraint' on needed public investment and reduced risk premium to encourage private investments-but over time brought gains, some unforeseen and broader in terms of positive spillover effects on the rest of the economy, and linkage to overall growth today.en
dc.identifierhttp://documents.worldbank.org/curated/en/900471468094150283/The-political-economy-of-reform-during-the-Ramos-Administration-1992-98
dc.identifier.doi10.1596/28020
dc.identifier.urihttps://hdl.handle.net/10986/28020
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesCommission on Growth and Development Working Paper;No. 39
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectACCESS TO TELECOMMUNICATION
dc.subjectACTION PLAN
dc.subjectAGRICULTURAL COMMODITIES
dc.subjectAGRICULTURE
dc.subjectARBITRATION
dc.subjectAUCTION
dc.subjectBACKBONE
dc.subjectBENCHMARK
dc.subjectBID
dc.subjectBIDS
dc.subjectBINDING CONSTRAINT
dc.subjectBINDING CONSTRAINTS
dc.subjectBROKERAGE
dc.subjectBUDGET DEFICIT
dc.subjectBUDGETARY SUPPORT
dc.subjectBUSINESS PROCESS
dc.subjectBUSINESSES
dc.subjectCALL CENTERS
dc.subjectCAPITAL EXPENDITURES
dc.subjectCAPITAL FORMATION
dc.subjectCELLULAR PHONES
dc.subjectCELLULAR SUBSCRIBERS
dc.subjectCHECKS
dc.subjectCLEARING HOUSE
dc.subjectCOMMODITY
dc.subjectCOMMODITY PRICES
dc.subjectCOMPETITIVENESS
dc.subjectCONSUMER GROUPS
dc.subjectCREDIBILITY
dc.subjectCREDIT RATING
dc.subjectCURRENT ACCOUNT BALANCE
dc.subjectCUSTOMS
dc.subjectDEBT STOCK
dc.subjectDEMOCRACY
dc.subjectDEREGULATION
dc.subjectDEVELOPING COUNTRIES
dc.subjectDEVELOPMENT BANK
dc.subjectDIAL TONE
dc.subjectDIRECT FOREIGN INVESTMENTS
dc.subjectDOMESTIC CAPITAL
dc.subjectDOMESTIC ECONOMY
dc.subjectDOMESTIC INVESTORS
dc.subjectDOMESTIC PRICES
dc.subjectECONOMIC DEVELOPMENT
dc.subjectECONOMIC EXPANSION
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC HISTORY
dc.subjectECONOMIC LIBERALIZATION
dc.subjectECONOMIC PERFORMANCE
dc.subjectECONOMIC POLICIES
dc.subjectECONOMIC REFORMS
dc.subjectEND USER
dc.subjectEQUIPMENT
dc.subjectEQUITY CONTRIBUTIONS
dc.subjectEXCHANGE RATE
dc.subjectEXCHANGE RATES
dc.subjectEXPENDITURES
dc.subjectEXPORTERS
dc.subjectEXPORTS
dc.subjectEXTERNAL CONSULTANTS
dc.subjectFAIR COMPETITION
dc.subjectFINANCE CORPORATION
dc.subjectFINANCIAL LIBERALIZATION
dc.subjectFINANCIAL SERVICES
dc.subjectFINANCIAL STATEMENTS
dc.subjectFISCAL DISCIPLINE
dc.subjectFISCAL POLICIES
dc.subjectFIXED CAPITAL
dc.subjectFORECASTS
dc.subjectFOREIGN CAPITAL
dc.subjectFOREIGN DEBT
dc.subjectFOREIGN EXCHANGE
dc.subjectFOREIGN EXCHANGE MARKET
dc.subjectFOREIGN INTERESTS
dc.subjectFOREIGN INVESTMENTS
dc.subjectFREE TRADE
dc.subjectFREE TRADE AGREEMENT
dc.subjectGDP
dc.subjectGDP PER CAPITA
dc.subjectGLOBAL COMPETITIVENESS
dc.subjectGNP
dc.subjectGOVERNMENT ASSETS
dc.subjectGOVERNMENT DEFICITS
dc.subjectGOVERNMENT FINANCES
dc.subjectGOVERNMENT OWNERSHIP
dc.subjectGOVERNMENT POLICIES
dc.subjectGROSS VALUE
dc.subjectGROWTH PATH
dc.subjectGROWTH RATE
dc.subjectIMAGE
dc.subjectINCOME
dc.subjectINCOME GROWTH
dc.subjectINDEPENDENT REGULATORY BODY
dc.subjectINDUSTRIAL COUNTRIES
dc.subjectINFLATION
dc.subjectINFLATION RATE
dc.subjectINFLATION RATES
dc.subjectINFRASTRUCTURE PROJECTS
dc.subjectINTEREST PAYMENTS
dc.subjectINTEREST RATES
dc.subjectINTERNATIONAL BANK
dc.subjectINTERNATIONAL DEVELOPMENT
dc.subjectINTERNATIONAL FINANCE
dc.subjectINTERNATIONAL MARKET
dc.subjectINTERNATIONAL TRADE
dc.subjectINTERNET SERVICE PROVIDERS
dc.subjectINVENTORIES
dc.subjectINVENTORY
dc.subjectINVESTMENT ACTIVITY
dc.subjectINVESTMENT FINANCING
dc.subjectINVESTOR CONFIDENCE
dc.subjectINVESTOR INTEREST
dc.subjectISPS
dc.subjectLEGAL BASIS
dc.subjectLEVEL PLAYING FIELD
dc.subjectLICENSES
dc.subjectLOAN
dc.subjectLOCAL CURRENCIES
dc.subjectLOCAL CURRENCY
dc.subjectLOCAL ECONOMY
dc.subjectLOCAL GOVERNMENT
dc.titleThe Political Economy of Reform during the Ramos Administration (1992-98)en
dc.typeWorking Paperen
dc.typeDocument de travailfr
dc.typeDocumento de trabajoes
dspace.entity.typePublication
okr.date.disclosure2010-12-06
okr.date.doiregistration2025-04-15T11:59:59.547692Z
okr.doctypePublications & Research::Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/900471468094150283/The-political-economy-of-reform-during-the-Ramos-Administration-1992-98
okr.guid900471468094150283
okr.identifier.externaldocumentum000334955_20101206044525
okr.identifier.internaldocumentum13199035
okr.identifier.report57738
okr.importedtrue
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/900471468094150283/pdf/577380NWP0Box353767B01PUBLIC10gcwp039web.pdfen
okr.region.administrativeEast Asia and Pacific
okr.region.countryPhilippines
okr.topicMacroeconomics and Economic Growth::Economic Policy, Institutions and Governance
okr.topicMacroeconomics and Economic Growth::Political Economy
okr.topicMacroeconomics and Economic Growth::Economic Theory & Research
okr.topicEnergy::Energy and Economic Development
okr.topicGovernance::Politics and Government
okr.unitPoverty Reduction and Equity (PRMPR)
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