Publication:
The Philippines : Toward a Better Investment Climate for Growth and Productivity

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dc.contributor.authorWorld Bank Group
dc.date.accessioned2015-03-09T19:49:11Z
dc.date.available2015-03-09T19:49:11Z
dc.date.issued2009
dc.description.abstractThis working paper concerns the growth of investment climate in the Philippines. There are several resounding ideas in areas both positive and negative. The growth potential in the Philippines is considerable. The country has significant natural resources; a large pool of managerial and entrepreneurial talent; and widespread proficiency in English. The Government's Medium Term Development Plan (MTDP), 2005-2010 sets ambitious growth and employment targets. Recognizing the opportunity at hand, the MTDP sets much higher growth targets than recent outcomes. The government aims to raise GDP growth from 6.1 percent in 2004 to 8 percent by 2010; increase investments from 19 percent of GDP to 26 percent; create two million jobs annually by 2010 and reduce the incidence of poverty from 26 percent to 19 percent. Meeting the ambitious growth targets will mean addressing key vulnerabilities that has made the Philippines less attractive to investors. From a long-term perspective, the Philippine growth and social development record could have been better. Reforms have delivered only modest growth. Low institutional quality and poor fiscal conditions lie behind reforms, delivering only modest growth and private investments. The importance of the fiscal and institutional environment is further underscored by the Investment Climate Survey (JCS). A survey of more than 700 firms was conducted jointly by the Asian Development Bank (ADB) and the World Bank between 2003 and 2004. The survey confirmed the broad cross-country analysis. The two biggest impediments to a good investment climate identified by firms were macroeconomic instability and corruption. Electricity supply, security and regulatory uncertainty, all related to institutional quality also figured prominently. A deeper analysis of the aforementioned themes is contained in this working paper.en
dc.identifierhttp://documents.worldbank.org/curated/en/2009/01/23866303/philippines-toward-better-investment-climate-growth-productivity-philippines-toward-better-investment-climate-growth-productivity
dc.identifier.doi10.1596/21559
dc.identifier.urihttps://hdl.handle.net/10986/21559
dc.languageEnglish
dc.language.isoen_US
dc.publisherManila
dc.rightsCC BY 3.0 IGO
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCESS TO FINANCING
dc.subjectACCOUNTABILITY
dc.subjectACCOUNTING
dc.subjectACCOUNTING FRAMEWORK
dc.subjectADMINISTRATION OF JUSTICE
dc.subjectADMINISTRATIVE CORRUPTION
dc.subjectBANKING SECTOR
dc.subjectBANKING SYSTEM
dc.subjectBANKRUPTCY
dc.subjectBASIS POINTS
dc.subjectBORROWING COSTS
dc.subjectBORROWING REQUIREMENTS
dc.subjectBUDGET DEFICITS
dc.subjectBUREAUCRACY
dc.subjectBUREAUCRATIC QUALITY
dc.subjectBUSINESS ENVIRONMENT
dc.subjectCAPITAL INVESTMENTS
dc.subjectCAPITAL STOCK
dc.subjectCENTRAL BANK
dc.subjectCHECKS
dc.subjectCITIZENS
dc.subjectCIVIL SOCIETY
dc.subjectCIVIL UNREST
dc.subjectCLAIMANTS
dc.subjectCOLLATERAL
dc.subjectCONTRACT ENFORCEMENT
dc.subjectCORPORATE BOND MARKET
dc.subjectCORPORATE BONDS
dc.subjectCORRUPT POLITICIANS
dc.subjectCORRUPT PRACTICES
dc.subjectCORRUPTION
dc.subjectCORRUPTION INDICATOR
dc.subjectCOUNTRY RISK
dc.subjectCOUNTRY RISKS
dc.subjectCREDIBILITY
dc.subjectCREDITOR
dc.subjectCREDITOR RIGHTS
dc.subjectCRIME
dc.subjectCRONY
dc.subjectDEBT SERVICING
dc.subjectDEBT SERVICING COSTS
dc.subjectDEBTS
dc.subjectDECENTRALIZATION
dc.subjectDEMOCRATIC INSTITUTIONS
dc.subjectDEREGULATION
dc.subjectDEVELOPING COUNTRIES
dc.subjectDEVELOPMENT BANK
dc.subjectDOMESTIC CORPORATE BOND
dc.subjectDOMESTIC CURRENCY
dc.subjectDOMESTIC MARKET
dc.subjectDOMESTIC MARKETS
dc.subjectECONOMIC DEVELOPMENT
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC PERFORMANCE
dc.subjectECONOMIC POLICIES
dc.subjectECONOMIC REFORMS
dc.subjectEDUCATIONAL ATTAINMENT
dc.subjectEMERGING MARKET
dc.subjectEMERGING MARKET COUNTRIES
dc.subjectEMERGING MARKETS
dc.subjectENFORCEABILITY
dc.subjectENFORCEABILITY OF CONTRACTS
dc.subjectEQUIPMENT
dc.subjectEXCESS SUPPLY
dc.subjectEXPENDITURE
dc.subjectEXPENDITURES
dc.subjectEXPORTER
dc.subjectEXPORTERS
dc.subjectFIGHTING CORRUPTION
dc.subjectFINANCIAL CRISIS
dc.subjectFINANCIAL HEALTH
dc.subjectFINANCIAL MARKETS
dc.subjectFINANCIAL SECTOR
dc.subjectFINANCIAL SECTOR REFORMS
dc.subjectFINANCIAL SYSTEM
dc.subjectFISCAL DEFICITS
dc.subjectFISCAL POLICIES
dc.subjectFISCAL POLICY
dc.subjectFIXED INCOME
dc.subjectFOREIGN DIRECT INVESTMENT
dc.subjectFOREIGN INVESTMENT
dc.subjectGLOBAL ECONOMY
dc.subjectGOOD GOVERNANCE
dc.subjectGOVERNANCE INDICATOR
dc.subjectGOVERNANCE INDICATORS
dc.subjectGOVERNANCE ISSUES
dc.subjectGOVERNANCE PROBLEMS
dc.subjectGOVERNANCE RATINGS
dc.subjectGOVERNANCE REFORM
dc.subjectGOVERNMENT BORROWING
dc.subjectGOVERNMENT EFFECTIVENESS
dc.subjectGOVERNMENT FINANCE
dc.subjectGOVERNMENT REVENUES
dc.subjectGOVERNMENT SECURITIES
dc.subjectGOVERNMENT SPENDING
dc.subjectGRAND CORRUPTION
dc.subjectGROSS DOMESTIC PRODUCT
dc.subjectGROWTH PERFORMANCE
dc.subjectGROWTH RATE
dc.subjectGROWTH RATES
dc.subjectHOLDING
dc.subjectHUMAN CAPITAL
dc.subjectINDEBTEDNESS
dc.subjectINFLATION
dc.subjectINFLATION RATES
dc.subjectINFRASTRUCTURE INVESTMENT
dc.subjectINSTITUTIONAL ARRANGEMENTS
dc.subjectINSTITUTIONAL ENVIRONMENT
dc.subjectINSTITUTIONAL FRAMEWORK
dc.subjectINSTITUTIONAL INVESTOR
dc.subjectINSTITUTIONAL QUALITY
dc.subjectINSTITUTIONAL REFORMS
dc.subjectINSTITUTIONAL WEAKNESSES
dc.subjectINTEREST PAYMENTS
dc.subjectINTERNAL ACCOUNTABILITY
dc.subjectINTERNATIONAL CAPITAL
dc.subjectINTERNATIONAL CAPITAL MARKETS
dc.subjectINTERNATIONAL DEBT
dc.subjectINTERNATIONAL TRADE
dc.subjectINVESTING
dc.subjectINVESTMENT CLIMATE
dc.subjectINVESTMENT DECISION
dc.subjectINVESTMENT POLICY
dc.subjectINVESTMENT REGIME
dc.subjectINVESTOR CONFIDENCE
dc.subjectISSUANCES
dc.subjectJUDICIAL PROCESSES
dc.subjectLABOR MARKET
dc.subjectLAND TITLING
dc.subjectLAW INDICATOR
dc.subjectLENDERS
dc.subjectLIVING STANDARDS
dc.subjectLOCAL GOVERNMENT
dc.subjectLOCAL GOVERNMENTS
dc.subjectMACROECONOMIC ENVIRONMENT
dc.subjectMACROECONOMIC INSTABILITY
dc.subjectMARKET ECONOMY
dc.subjectMARKET REFORMS
dc.subjectMARKET SIZE
dc.subjectMULTINATIONAL CORPORATIONS
dc.subjectNATURAL DISASTERS
dc.subjectNATURAL RESOURCES
dc.subjectNEGATIVE SHOCKS
dc.subjectNON-PERFORMING LOAN
dc.subjectNPL
dc.subjectOIL PRICES
dc.subjectPER CAPITA INCOME
dc.subjectPHYSICAL ASSET
dc.subjectPOLICY OUTCOMES
dc.subjectPOLITICAL ACCOUNTABILITY
dc.subjectPOLITICAL COMPETITION
dc.subjectPOLITICAL DEVELOPMENT
dc.subjectPOLITICAL ECONOMY
dc.subjectPOLITICAL INSTABILITY
dc.subjectPOLITICAL INSTITUTIONS
dc.subjectPOLITICAL PARTIES
dc.subjectPOLITICAL PARTY
dc.subjectPOLITICAL STABILITY
dc.subjectPOLITICAL STRUCTURES
dc.subjectPOLITICAL SYSTEM
dc.subjectPOOR GOVERNANCE
dc.subjectPOOR PERFORMANCE
dc.subjectPRIVATE CAPITAL
dc.subjectPRIVATE CREDIT
dc.subjectPRIVATE INVESTMENT
dc.subjectPRIVATE INVESTMENTS
dc.subjectPROFIT MARGIN
dc.subjectPROPERTY RIGHTS
dc.subjectPUBLIC ASSETS
dc.subjectPUBLIC DEBT
dc.subjectPUBLIC INSTITUTIONS
dc.subjectPUBLIC INVESTMENT
dc.subjectPUBLIC OFFICIALS
dc.subjectPUBLIC PROCUREMENT
dc.subjectPUBLIC SECTOR BORROWING
dc.subjectPUBLIC SECTOR DEBT
dc.subjectPUBLIC SECTOR GOVERNANCE
dc.subjectPUBLIC SPENDING
dc.subjectREAL INTEREST
dc.subjectREAL INTEREST RATES
dc.subjectREGISTRATION SYSTEMS
dc.subjectREGULATORY INSTITUTIONS
dc.subjectREGULATORY QUALITY
dc.subjectREMITTANCES
dc.subjectRETURN
dc.subjectRETURNS
dc.subjectRISK PREMIUMS
dc.subjectRULE OF LAW
dc.subjectSECURITY INTERESTS
dc.subjectSERVICE DELIVERY
dc.subjectSHAREHOLDER
dc.subjectSOCIAL DEVELOPMENT
dc.subjectSOCIAL OUTCOMES
dc.subjectSOVEREIGN DEBT
dc.subjectSOVEREIGN RATINGS
dc.subjectSOVEREIGN RISK
dc.subjectSUSTAINABLE ECONOMIC GROWTH
dc.subjectTAX
dc.subjectTAX COLLECTION
dc.subjectTAX EVASION
dc.subjectTAX EXEMPTIONS
dc.subjectTAX POLICY
dc.subjectTAX RATES
dc.subjectTAX REVENUES
dc.subjectTELECOMMUNICATIONS
dc.subjectTRADING
dc.subjectTREASURY
dc.subjectUNDERDEVELOPED FINANCIAL SYSTEM
dc.subjectVIRTUOUS CYCLE
dc.titleThe Philippines : Toward a Better Investment Climate for Growth and Productivityen
dspace.entity.typePublication
okr.date.disclosure2015-01-23
okr.date.doiregistration2025-05-05T11:47:06.446865Z
okr.doctypePublications & Research
okr.doctypePublications & Research::Working Paper
okr.docurlhttp://documents.worldbank.org/curated/en/2009/01/23866303/philippines-toward-better-investment-climate-growth-productivity-philippines-toward-better-investment-climate-growth-productivity
okr.globalpracticeGovernance
okr.guid761971468063533461
okr.identifier.externaldocumentum000477144_20150123111207
okr.identifier.internaldocumentum23866303
okr.identifier.report93846
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2015/01/23/000477144_20150123111207/Rendered/PDF/938460WP0phili00Box385423B00PUBLIC0.pdfen
okr.region.administrativeEast Asia and Pacific
okr.region.countryPhilippines
okr.topicEnvironmental Economics and Policies
okr.topicGovernance::Governance Indicators
okr.topicPrivate Sector Development::Emerging Markets
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicGovernance::National Governance
okr.topicEnvironment
okr.unitFIG Operations - CME (CFGS9)
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