About Per SE

Commentary and research on current events and public policy by economists from the University of the Philippines
Monthly archive April 2015

Foreign direct investments brought big gains to high-growth East Asian countries

In the past few weeks, I discussed, in succession, how foreign direct investments (FDIs) improved and accelerated the economic progress of Indonesia, Vietnam, and Thailand. I could have looked further back in history and done the same review for the newly industrialized countries of East Asia.

A cry for help directed at P-Noy

John Philip Sevilla sends in his resignation letter as commissioner of the Bureau of Customs on Wednesday. On Friday, his replacement, Bert Lina, takes the oath of office. A one-day hiatus.

Skewed regional development

REGIONAL DEVELOPMENT used to be at the forefront of policy and academic discourse from the 1960s through the 1980s. That it has since faded only attests to a general sense of frustration with the country’s regional development that has become more lopsided than balanced.

The country needs local chief executives who can live within their means

Philippine society is better served if we have local chief executives (LCEs) who can live within their means and, at the same time, if we have national leaders who do not cajole and “bribe” LCEs in exchange for their political support in future elections.

Re-Thinking Market Failure in the Light of the Imperfect State

We propose a formal re-definition of the concept market failure based on the idea of the imperfect state. When the state is imperfect, the set of market failures is smaller than the set of proto-failures. A proto-failure is a necessary--but not a sufficient--condition for a welfare-improving government intervention.

Doctrine of condonation reexamined

As a public official, you commit acts of graft and corruption, but no one has caught on yet, so you haven’t been charged. Your term ends. You get reelected. As viewed by our Supreme Court, your reelection has wiped the slate clean.

N-Poly Viability and Conglopolistic Competition in Small Emerging Market

The economic catch-up of the East Asian region went hand-in-hand with the emergence and even dominance of large quasi-state or private conglomerates. Such for example were the Zaibatsus in the pre-WWII and the Keiretsus of the post-WWII Japan and the Chaebols of South Korea.

Vietnam follows the path of East Asian economic tigers

Vietnam’s economic development is one heavily driven by foreign direct investments. It follows the early development paths of the East Asian economic tigers.

Is the Philippine economy slowing?

This early, there are signs that the Philippine government will not meet its economic goal of 7% to 8% GDP growth in 2015.

How can CA issue that writ of injunction?

Vice President Jejomar Binay and Makati Mayor Junjun Binay refused to cooperate with the Senate blue ribbon subcommittee. The reason? There are already charges filed in the Office of the Ombudsman, so let justice take its course.

Will the next President inherit a weak or strong tax system?

The harsh reality is that the next administration will be faced with more formidable spending challenges. The K+12 educational reform is a good program but it is seriously underfunded.

Vietnam’s rapid growth via high FDI flows

Vietnam has undergone sustained industrial and economic transformation in recent decades with GDP (gross domestic product) growth averaging close to eight percent per year.