Template-Type: ReDIF-Article 1.0 Author-Name: Florian A. Alburo Author-Workplace-Name: School of Economics, University of the Philippines Diliman Title: International Economic Order and Asia-Pacific Cooperation: A View from the Philippines Abstract: This paper discusses how the Philippines can productively fit in to the emerging international economic environment. Current Philippine trade and investment policies are examined. The international economic order and Asia-Pacific cooperation are discussed in the context of the ASEAN, APEC and GATT. Modalities of cooperation and its direction are described, and prospects for the Philippines in relation to the international economic order are laid out. Journal: Philippine Review of Economics Pages: 115-133 Volume: 32 Issue: 2 Year: 1995 Month: December File-URL: http://pre.econ.upd.edu.ph/index.php/pre/article/view/121/473 File-Format: Application/pdf Handle: RePEc:phs:prejrn:v:32:y:1995:i:2:p:115-133 Template-Type: ReDIF-Article 1.0 Author-Name: Gwendolyn R. Tecson Author-Workplace-Name: School of Economics, University of the Philippines Diliman Title: APEC and Economic Liberalization in the Philippines Abstract: The author raises a number of issues related to the Philippines' participation in APEC. First is the issue of whether the country's economic interests are consistent with the objectives of APEC. The author surveys the policy goals and current initiatives towards economic liberalization in the country and notes the "attitudinal shift" among business leaders, both of which appear to be consistent with the APEC vision of creating a free and open trade and investment regime in the Asia-Pacific region. The second issue addressed is whether the country needs APEC. Finally, the author presents some of the expectations as well as apprehensions of a developing country like the Philippines, given the requirements of membership in APEC. Journal: Philippine Review of Economics Pages: 134-147 Volume: 32 Issue: 2 Year: 1995 Month: December File-URL: http://pre.econ.upd.edu.ph/index.php/pre/article/view/122/472 File-Format: Application/pdf Handle: RePEc:phs:prejrn:v:32:y:1995:i:2:p:134-147 Template-Type: ReDIF-Article 1.0 Author-Name: Cayetano Paderanga Jr. Author-Workplace-Name: Member, Monetary Board, Bangko Sentral ng Pilipinas Title: Asia-Pacific Economic Cooperation: The Goods Market Abstract: This article looks into the static and dynamic effects of free trade areas such as the ASEAN Free Trade Area (AFTA) and the ASIA-Pacific Economic Cooperation (APEC). It emphasizes the political economic role by these groupings in a step-by-step process of opening up and liberalization. It also examines some of the costs of joining APEC and what may be done to ease the process of adjustment. Journal: Philippine Review of Economics Pages: 148-158 Volume: 32 Issue: 2 Year: 1995 Month: December File-URL: http://pre.econ.upd.edu.ph/index.php/pre/article/view/123/474 File-Format: Application/pdf Handle: RePEc:phs:prejrn:v:32:y:1995:i:2:p:148-158 Template-Type: ReDIF-Article 1.0 Author-Name: Maria Socorro Gochoco-Bautista Author-Workplace-Name: Professor of Economics, School of Economics, University of the Philippines Diliman Title: ASEAN-China Economic Relations into the 21st Century Abstract: In recent years, the Chinese economy has grown dramatically largely as a result of China's commitment to open up its economy to the rest of the world and adopt more market-oriented policies. How ASEAN-China economic relations develop depends on many factors including the ability of either or both to attract FDI which will induce the correct path of industrial restructuring. There is reason to believe that as both ASEAN and China move on to higher tiers of manufacturing, there will be enough room for complementarity in their economic relationship via greater intra-industry trade, greater FDI to each other, and spillover effects arising from the actions of third parties. Journal: Philippine Review of Economics Pages: 159-170 Volume: 32 Issue: 2 Year: 1995 Month: December File-URL: http://pre.econ.upd.edu.ph/index.php/pre/article/view/124/475 File-Format: Application/pdf Handle: RePEc:phs:prejrn:v:32:y:1995:i:2:p:159-170 Template-Type: ReDIF-Article 1.0 Author-Name: Ramon L. Clarete Author-Workplace-Name: Professor of Economics, School of Economics, University of the Philippines Diliman Title: How Valuable is MFN Treatment to the Philippines? Abstract: This paper attempts to measure the benefit to the Philippines of its availment of the WTO-MFN treatment. The methodology involves computing the reduction in the country's merchandise exports if the country loses MFN treatment, depicted in this paper as an increase by five percentage points of the tariff rates in the importing countries on such exports. The World Bank-UNCTAD's SMART computer program is used for this purpose. The forgone exports are then introduced as a shock to an applied general equilibrium model for the Philippines to calculate the income lost due to reduced exports. The result of this exercise does confirm that the country may stand to lose up to eighty percent of its export earnings. Even at a conservative loss of up to twenty percent of its exports, in consideration of the possible bilateral deals that may continue MFN treatment on selected merchandise exports, the Philippines may forgo an income of nearly eighty percent. Journal: Philippine Review of Economics Pages: 171-194 Volume: 32 Issue: 2 Year: 1995 Month: December File-URL: http://pre.econ.upd.edu.ph/index.php/pre/article/view/125/476 File-Format: Application/pdf Handle: RePEc:phs:prejrn:v:32:y:1995:i:2:p:171-194