S-Space College of Social Sciences (사회과학대학) Institute of Economics Research (경제연구소) Seoul Journal of Economics Seoul Journal of Economics vol.08(2) (Summer 1995)
Implications of Economic Internationalization for Economic Development in the Philippines
- Kim, YunHwan
- Issue Date
- Seoul Journal of Economics, Vol.8 No.2, pp. 283-300
- If it is contended that the goal of the economic internationalization is to underpin an open, fair and free economic structure which nurtures competition, innovation, and the creative entrepreneurship, it might not be claimed that the economy of the Philippines is to a satisfactory extent internationalized. Many studies point out that the following problems, inter alia, had prevented the internationalization and at the same time had impeded economic development in the Philippines over the past two to three decades: an inward-oriented growth strategy; the in equal income distribution; a slow land reform; a preferential credit allocation; and the economic concentration on large firms.