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Is the Long-term Economic Decline of the Philippines Unstoppable? Trends, Reasons, Outlook
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作者 Peter Richter 《Journal of Sustainable Business and Economics》 2023年第4期1-19,共19页
The Philippines was in the 1960s a model of development in Asia and second to Japan,but occupies presently only the 11th position under South-East and East Asian countries in terms of GDP-per capita.The article explor... The Philippines was in the 1960s a model of development in Asia and second to Japan,but occupies presently only the 11th position under South-East and East Asian countries in terms of GDP-per capita.The article explores why this important Asian country with a long colonial past and enormous economic potential still ranks under lower-income countries and has in the last decades let pass by many other Asian countries.In answering this question,the approach of external triggers for accelerated development is being applied.In stark contrast to the success stories of the strongly outward-looking Asian countries like the four Tigers,later of Thailand and Vietnam the Philippines never developed a vision of an open economy connecting pro-actively to the world markets.Trade is hampered by a non-competitive and highly protected national economy.The existing FDI is more oriented to the profitable local markets.Foreign debts were never effectively used and international tourism was never well promoted.Linking these failures to the existing power structures in the country,it seems very much that the backward forces like the big landowners,the local producers and industrialists never wanted and continue not to want to open up the economy to international competition and governments are complacent with these groups.Various indicators demonstrate the long-term decline of the Philippines:Among them the slow growth of the GDP and the continuously high poverty rates.As the alliance of big business and policy holds firm no change in the failing nationalistic economic model can be detected leaving the bleak outlook that the economic decline will continue. 展开更多
关键词 External triggers of accelerated development strategies promotion of exports Protection of local industries Foreign direct investments Foreign indebting International tourism Concentration of the national economy Failures of the development model
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CEFTA as Trade Agreement and Its Role in Its Countries' Economic Development and E.U. Integration (Case of Albania)
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作者 Suzana Guxholli 《Chinese Business Review》 2012年第2期167-186,共20页
CEE (Central Eastern European) region comprises a group of countries at a relatively similar stage of economic development and with the common objective of becoming member of EU. The size of the market has pushed CE... CEE (Central Eastern European) region comprises a group of countries at a relatively similar stage of economic development and with the common objective of becoming member of EU. The size of the market has pushed CEE countries to find ways towards a larger market. Joint forces, into free trade agreements, have contributed to their economic growth and European Integration. How did it happened, and what are the consequences of free trade agreements, under the example of Albania, it has been studied and analyzed, through data collections from different sources like the WB, IMF, National Banks, business round table discussions, etc.. Among all the free trade agreements CEFTA has shown to be the most effective. Central European Free Trade Agreement, CEFTA, since 2006, has been a tool to businesses making the rules and regulations governing trade in the European Region. It has contributed to make trade simpler and increasingly harmonized all procedures with those of the EU and the WTO (World Trade Organization). As a conclusion, CEFTA experience has shown to have improved considerably business ability of developing European economies, to trade with the EU countries and the world. CEFTA has created an attractive market for investments while before the market in the Region was fragmented and unattractive to important investments, has promoted growth, and contributed to job creation. Albania is a recent success of it. 展开更多
关键词 CEFTA (Central European Free Trade Agreement) trade integration constrain regional market trade barriers export promotion
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