(DP 1985-09) Philippine Trade in Manufactures Structural Change and Adjustment
This paper looks into the recent experience in manufactured exports, especially non-traditional manufactures; Identifies elements that indicate structural change in industry and trade behavior; and analyzes adjustment patterns arising from or in response to trade performance. Put briefly, the paper explores the question why, despite the exhuberant growth of non-traditional manufactured exports in the seventies, did we not achieve a dramatic structural change in industry? The paper argues that the adjustment processes the country took in the light of this export were not conducive to a more dynamic growth in the manufacturing sector as a whole and hence an appreciable structural change.
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