Dr. Hal Hill
H.W. Arndt Professor Emeritus
Australian National University
The Philippine Economy: No Longer the East Asian Exception?
The Philippine economy has been growing strongly in recent years, close to the frontiers of contemporary Asian economic growth. The country appears to have rejoined the dynamic East Asian mainstream. The central question, drawing on the work of the contributors to this volume, is whether this dynamism can be maintained, or whether the country might revert to its earlier history of ‘boom and bust’ growth. We address this question with reference to some stylised facts that have characterized Philippine economic development, and to the analysis contained in this volume. A concluding section dwells on some of the ‘markers’ we identified as likely key factors shaping near-term economic outcomes.