How Trade Liberalization and Labor Development Could Coincide in the Philippines

Added Title

DLSU-AKI POLICY BRIEF, 2023-12-017

Authors

Aeneas DR Hernandez, De La Salle University, ManilaFollow
Brendan Emmanuel A. Miranda, De La Salle University, ManilaFollow
Martin William P. Regulano, De La Salle University, ManilaFollow
Andrae Jamal Tecson, De La Salle University, ManilaFollow
Martin William P. Regulano, De La Salle University, ManilaFollow
Ma. Ella Oplas, De La Salle University, ManilaFollow
Tereso S. Tullao Jr, De La Salle University, ManilaFollow
Winfred M. Villamil, De La Salle University, ManilaFollow

College

School of Economics

Document Type

Policy Brief

Publication Date

12-2023

Abstract

As the world adapts to the rapid pace of globalization in the 21st century, countries ease trade restrictions by gradually removing tariffs and non-tariff barriers to incentivize the free flow of goods across nations. This prevalence of trade liberalization policies propelled policymakers and economists to investigate the relationship between trade reforms and economic outcomes including wage inequality around the world. They found that trade liberalization, on average, has had a positive impact on economic growth, but prior studies that examine the effects of trade liberalization on wage inequality in developing countries have found mixed results. Recently, Murakami (2021) examined the impact of trade liberalization on wage inequality in Chile through the reduction in effective tariffs brought about by the regional trade agreements of the country. Following his empirical strategy, we examine the impact of trade liberalization on wage inequality in the Philippines. In this policy brief, we provide insights on our findings and policy recommendations that the Philippines can undertake

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Recommended Citation

Hernandez, A. D., Miranda, B. A., Regulano, M. P., Tecson, A., Regulano, M. P., Oplas, M., Tullao, T. S., & Villamil, W. M. (2023). How Trade Liberalization and Labor Development Could Coincide in the Philippines. Retrieved from https://animorepository.dlsu.edu.ph/res_aki/183

Disciplines

Antitrust and Trade Regulation | International Business | International Trade Law

Keywords

Trade; Globalization; Imports and Exports; Tariffs

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