The Labour Market and Structural Economic Policy Reforms in the Philippines
Author: Dante B. Canlas
Publisher:
Published: 1993
Total Pages: 86
ISBN-13:
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Author: Dante B. Canlas
Publisher:
Published: 1993
Total Pages: 86
ISBN-13:
DOWNLOAD EBOOKAuthor: Tompson William
Publisher: OECD Publishing
Published: 2009-08-24
Total Pages: 501
ISBN-13: 9264073116
DOWNLOAD EBOOKBy looking at 20 reform efforts in ten OECD countries, this report examines why some reforms are implemented and other languish.
Author: Gerardo P. Sicat
Publisher:
Published: 2010
Total Pages:
ISBN-13:
DOWNLOAD EBOOKThe strong popular mandate of the new president brings high hopes for bold economic reforms. A three-pronged strategy to deal with the Philippine under-performance in economic growth, generate more employment especially among the poor and to reduce poverty is suggested. The strategy consists of: (1) raising the volume of targeted subsidies to assist very poor families; (2) amending the restrictive economic provisions from the constitution so that they are moved to the body of the country's ordinary laws; and (3) establishing special labor employment zones as industrial estates in low income sub-regions where the enterprise locators can hire labor at market-determined rates. The three-pronged strategy is linked tightly. The government must commit to make a substantial increase of funding of (1), as soon as it has established, but not before, that reforms (2) and (3) will have been achieved. Only a president with a strong mandate and who enjoys great popularity can push through the political storm that reforms (2) and (3) are likely to invite. The constitutional amendment will transform the psychology of the economic reform processes within the country. It will remove the jurisdiction of the courts on economic policy legislation and on business issues on grounds of constitutionality. For another, it will focus the democratic process to the passage of the proper legislation suited to the country's needs in relation to foreign investment. The two reforms will stimulate the entry of foreign direct investments, facilitate interest again of highly labor using industries that have left the country for foreign locations to come back, enable domestic firms to adjust their labor costs more effectively, and stimulate the employment of the large numbers of unemployed and underemployed into organized and modern sectors of the economy. They will raise the country's growth rate closer to those of high growth East Asian economies and contribute to the eradication of high unemployment in the economy while reducing poverty. -- Philippine economy ; labor markets ; constitutional provisions ; law & economics ; political economy ; poverty reduction ; employment
Author: OECD
Publisher: OECD Publishing
Published: 2021-04-14
Total Pages: 247
ISBN-13: 9264911375
DOWNLOAD EBOOKGoing for Growth 2021 identifies country-specific structural policy priorities for the recovery across OECD and key non-member countries (Argentina, Brazil, The People’s Republic of China, Costa Rica, India, Indonesia and South Africa). It frames the main policy challenges of the current juncture along three main areas: building resilience; facilitating reallocation and boosting productivity growth for all; and supporting people in transition.
Author: Mr.Jonathan David Ostry
Publisher: International Monetary Fund
Published: 2009-10-15
Total Pages: 62
ISBN-13: 1589068181
DOWNLOAD EBOOKThis volume examines the impact on economic performance of structural policies-policies that increase the role of market forces and competition in the economy, while maintaining appropriate regulatory frameworks. The results reflect a new dataset covering reforms of domestic product markets, international trade, the domestic financial sector, and the external capital account, in 91 developed and developing countries. Among the key results of this study, the authors find that real and financial reforms (and, in particular, domestic financial liberalization, trade liberalization, and agricultural liberalization) boost income growth. However, growth effects differ significantly across alternative reform sequencing strategies: a trade-before-capital-account strategy achieves better outcomes than the reverse, or even than a "big bang"; also, liberalizing the domestic financial sector together with the external capital account is growth-enhancing, provided the economy is relatively open to international trade. Finally, relatively liberalized domestic financial sectors enhance the economy's resilience, reducing output costs from adverse terms-of-trade and interest-rate shocks; increased credit availability is one of the key mechanisms.
Author: OECD
Publisher: OECD Publishing
Published: 2010-03-11
Total Pages: 246
ISBN-13: 9789264079960
DOWNLOAD EBOOKGoing for Growth 2010 examines the structural policy measures that have been taken in response to the crisis, evaluates their possible impact on long-term economic growth, and identifies the most imperative reforms needed to strengthen recovery.
Author: OECD
Publisher: OECD Publishing
Published: 2010-05-26
Total Pages: 300
ISBN-13: 9264086293
DOWNLOAD EBOOKThis collection of essays analyses the reform experiences of the 30 OECD countries in nine major policy domains in order to identify lessons, pitfalls and strategies that may help foster policy reform in the future.
Author: Pierre-Richard Agénor
Publisher: International Monetary Fund
Published: 1995-11-01
Total Pages: 98
ISBN-13: 1451854781
DOWNLOAD EBOOKThis paper examines the role of the labor market in the transmission process of adjustment policies in developing countries. It begins by reviewing the recent evidence regarding the functioning of these markets. It then studies the implications of wage inertia, nominal contracts, labor market segmentation, and impediments to labor mobility for stabilization policies. The effect of labor market reforms on economic flexibility and the channels through which labor market imperfections alter the effects of structural adjustment measures are discussed next. The last part of the paper identifies a variety of issues that may require further investigation, such as the link between changes in relative wages and the distributional effects of adjustment policies.
Author: Jorge M. Katz
Publisher: United Nations Publications
Published: 2001
Total Pages: 164
ISBN-13:
DOWNLOAD EBOOKIn the last ten to fifteen years, profound structural reforms have moved Latin America and the Caribbean from closed, state-dominated economies to ones that are more market-oriented and open. Policymakers expected that these changes would speed up growth. This book is part of a multi-year project to determine whether these expectation have been fulfilled. Focusing on technological change, the impact of the reforms on the process of innovation is examined. It notes that the development process is proving to be highly heterogenous across industries, regions and firms and can be described as strongly inequitable. This differentiation that has emerged has implications for job creation, trade balance, and the role of small and medium sized firms. This ultimately suggests, amongst other things, the need for policies to better spread the use of new technologies.
Author: OECD
Publisher: OECD Publishing
Published: 2012-02-24
Total Pages: 223
ISBN-13: 9264168443
DOWNLOAD EBOOKGoing for Growth is the OECD’s annual report highlighting developments in structural policies in OECD countries. It identifies structural reform priorities to boost real income for each OECD country and key emerging economies.