FDI and economic development: The case of the Philippines

College

Ramon V. Del Rosario College of Business

Department/Unit

Economics

Document Type

Book Chapter

Source Title

Multinationals and Economic Growth in East Asia: Foreign Direct Investment, Corporate Strategies and National Economic Development

First Page

319

Last Page

349

Publication Date

9-20-2006

Abstract

Industrialization has always been a major development goal for the Philippines since its independence. This goal was carried out through trade and investment policies. The country has, in fact, undergone several trade and investment policy regimes in its pursuit of industrialization. Over the years, the government has gradually opened up the economy by removing barriers to trade and investment. The more liberalized environment increased the country’s participation in international trade and in the activities of multinational companies through increased foreign investment flows to the country. Because of the high degree of linkage between trade and foreign direct investment (FDI), the trade structure of the Philippines has also significantly changed over the years. An exporter of primary commodities until the 1980s, the country during the 1990s became an exporter of manufactures.

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Digitial Object Identifier (DOI)

10.4324/9780203966693

Disciplines

Economics | Growth and Development

Keywords

Investments, Foreign--Philippines; Economic development--Philippines; Philippines--Economic conditions

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