@article{oai:fukuyama-u.repo.nii.ac.jp:00008648,
 author = {Hayakawa, Tatsuji},
 issue = {1,2},
 journal = {福山大学経済学論集, The Fukuyama economic review},
 month = {Mar},
 note = {In the i950s and 1960s, the Philippines was relatively more developed than otherAsian countries.
However, things then turned out unfavorable for the Philippines, which failed to be an Asian tiger and won a nickname of the "sick man of Asia." Pressure from special interest groups and the country's trade policy toward import substitution made the Philippines an unattractive location for the industrial sector in Asia.
Political instability that prevailed until the 1990s had an effect in discouraging foreign investors' intention to invest in the Philippines.
 The Philippines may not have been sick, but compared with Asian tigers, the economic growth and management, FDI (foreign direct investment) inflows, and TFP (total factor productivity) growth certainly looked much less dynamic. Through the administration of Arroyo (2001-2010) and Aquino (2010-2016),the Philippines has managed to become one of the highest growing countries in the world. During this period effective economic policies contributed to favorable overall macroeconomic outcomes. lncreasing remittances helped strengthen the country's external sector.
 The new government needs to keep and strengthen existing effective policies while starting missing nitiatives. The tasks include continuing with more infrastructure spending and improving the investment climate through deregulation, restructuring, and more competition in key sectors. With strong domestic demand and services sector, the economy will be stimulated by a more dynamic manufacturing sector if the bottlenecks for growth are removed in the future.},
 pages = {51--63},
 title = {病人から昇り虎へ:フィリピン経済の健全性を維持するための課題},
 volume = {41},
 year = {2017}
}