Since the election of reformist President Benigno Aquino, the Philippine economy has been on an unprecedented upswing, defying almost all earlier forecasts. Today, the country is among the fastest-growing economies in the world, expected to grow by up to 8 percent this year. No wonder the Philippines is seen as the next Asian tiger economy and is expected to attain a much-coveted “investment grade” rating this year.
The emerging consensus among experts is that the increasingly positive economic outlook is a result, first, of the Aquino administration’s good governance agenda focused on tough anti-corruption reforms and, second, of the larger focus on revamping the country’s flailing infrastructure through the introduction of major public-private partnership projects. ...
To read the rest, sign up to try World Politics Review
- TWO WEEKS FREE.
- Cancel any time.
- After two weeks, just $18 monthly or $118/year.
Request a free trial for your office or school. Everyone at a given site can get access through our institutional subscriptions.
- Strategic Horizons: In Ukraine, Russia Reveals Its Mastery of Unrestricted Warfare
- Australia’s Abbott Seeks to Balance Japan, South Korea and China on Asian Trip
- Taiwan’s Sunflower Movement Chooses Democracy Over China Trade Pact
- Beijing Finds Neither ‘Iron-Fisted Rule’ Nor Development Bring Order to Xinjiang
- Court Ruling Reinforces Thailand’s Coup Culture and Augurs More Turmoil