|WP 1993-01||Philippine: Recent Performance, Prospects for 1993-1994, Policy and Development Issues|
|Yap, Josef T.|
The Ramos administration has inherited an economy that is in a state of recession. Despite this discouraging condition, this paper argues that this need not dishearten policymakers. Instead, they should take advantage of the stabilized Philippine macroeconomic conditions. The best way to do this is to make concrete steps in the direction of liberalization and promotion of a healthier business climate.
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