Philippine Economy Towards 2050
Product details
- ISBN 9781041217268
- Dimensions: 174 x 246mm
- Publication Date: 10 Jun 2026
- Publisher: Taylor & Francis Ltd
- Publication City/Country: GB
- Product Form: Hardback
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This book provides a rigorous analysis of the factors underlying the Philippines’ relative economic stagnation compared with its Southeast Asian neighbours, despite sustained optimistic government rhetoric.
Three critical factors are identified: failure to industrialise and undergo a complete economic transformation, resulting in an underdeveloped agricultural sector and an economy dependent on low-productivity services; ineffective reforms that differ markedly from successful regional models; and self-defeating fiscal conservatism that has prevented adequate investment in essential public goods and industrial policy. Using two innovative economic models—a macro-econometric model and an employment-education forecasting model—the book offers forecasts of the Philippines' income per capita, poverty, or economic structure, through 2050. The researchers warn that unless the country’s economic policy focuses on the transformation of the economy (with emphasis on the modernization of agriculture and developing the manufacturing sector), and the government adopts a more active role, the Philippines will experience More of the Same (MOTS) during the next decades.
An accessible resource for scholars, students, journalists, officials, and business professionals as an introduction to Philippine history, politics, and economy. The book will also be useful for development practitioners with its insights on structural transformation, and on fiscal and monetary policy.
Jesus Felipe is a Distinguished Professor and Research Fellow at the School of Economics, De La Salle University, Philippines.
Mariel Monica Sauler is an Associate Professor at the School of Economics, De La Salle University, Philippines.
Christopher Cabuay is an Associate Professor at the School of Economics, De La Salle University, Philippines.
Alellie Sobreviñas is an Associate Professor at the School of Economics, De La Salle University, Philippines.
Susan Kurdli is an Assistant Professor at the Political Science and Development Studies Department, De La Salle University, Philippines.
Julián Pérez is a Professor at the Department of Applied Economics, Universidad Autónoma de Madrid, Spain.
Eva Marie Aragones is a Research Assistant and Ph.D. student at the School of Economics, De La Salle University, Philippines.
Gerardo Largoza is an Associate Professor at the School of Economics, De La Salle University, Philippines.
