The performance of the Philippine economy from 1987 to 1997 can be summed up in two statements. One, despite significant gains in almost all sectors, the Philippines still lags behind its neighbors. Two, while there has been a marked improvement in the investment climate, there has been a notable lag in the progress of microeconomic reforms.
The Philippines Beyond 2000: An Economic Assessment recommends that policy managers must give equal attention to the goals of macroeconomic stability and the enhancement of efficiency at the microeconomic level by placing importance on an effective bureaucracy and greater income equality cum lower poverty incidence.
A compilation of 13 studies, this volume reviews the economic performance and policy developments during the Ramos regime and was originally meant to provide an economic blueprint for the Estrada administration. However, the focal point of the studies are policies that would be useful beyond 2000.