The Philippines: Recent Performance, Prospects for 1990-1991, Policy and Development Issues (original) (raw)

Political Economy of Development Aid_Paper

2020

Public Debt is one of the greatest contemporary plagues affecting Developing Countries. Its implications are social and financial adverse challenges in the life systems of citizens, where its far-reaching effects are felt for decades long. Formulated as loan conditions by Western governments and the International Financial Institutions, Structural Adjustment Programs mandate macroeconomic policy changes that obligate recipient nations to liberalize their trade and investment policies. Major criticisms against Structural Adjustment Programs have been because of the projected austerity measures which include pension and social security reforms, reducing or eliminating subsidies, and privatising public assets, all of which exacerbate inequalities while no significant change is experienced in public debt reduction. The purpose of this paper is to investigate: Do Structural Adjustment Programs decrease public debt in Developing Countries? Studies show that countries bearing the brunt of the negative impacts of Structural Adjustment Programs are Latin America and Africa. These countries recorded the highest inflation index, the greatest losses in terms of estimated GDP, household welfare, job losses, and lower income-while not riding the scourge of debt. This paper proposes an empirical analysis of several indicators at macroeconomic levels, that capture effects of debt alleviation through Structural Adjustment Programs, while seeking to determine whether there is significant changes in debt levels.

Development Finance and Aid in the Philippines: Policy, Institutional Arrangements and Flows

2015

The Philippines` recent economic performance has been remarkable amid the lingering slowdown in the global economy and the devastation brought about by recent natural disasters. The economy grew by 7.2 percent in 2013, substantially higher than its 6.8 percent growth in 2012. With GDP growth averaging at 5.9 percent in the last three years, the Philippines is one of the better performers among the developing economies. However, the economy faces problems of high poverty incidence and income inequality. The main challenge is how to sustain rapid and inclusive growth.It is important for the government`s inclusive growth strategy and development agenda to be supported by responsive development finance. This Development Finance and Aid Assessment prepared for the National Economic and Development Authority (NEDA) takes stock of current development finance in the Philippines. It provides a comprehensive survey of development finance and aid scenario in the Philippines in the next 5 to 10...

Syllabus: Graduate Seminar on Foreign Aid (PS 589)

This seminar provides an intensive study of the literature on foreign aid, drawing mostly from political science and economics and to a lesser extent from the broader domain of development studies. The course has been structured with the goal of improving our understanding of the quantitative analytical methods used in analyzing foreign aid allocation and effectiveness. It therefore includes a number of methodological readings to help us diagnose the challenges and pitfalls of the empirical literature that we will read. This focus on empirical methodology is expected to help students in international relations and comparative politics make better research design decisions when dealing with time-series crosssectional data. By the conclusion of the course, students should have a better understanding of claims that are made in the literature about (1) the reasons for foreign aid; (2) the development effectiveness of foreign aid; (3) the way in which foreign aid donors allocate aid and make project design decisions; (4) the differences between bilateral and multilateral aid; (5) bureaucratic pathologies that affect the development industry; and (6) the unintended consequences of foreign aid, among other topics. Students also should have a greater familiarity with the available foreign aid data and its strengths and weaknesses.