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Setting the Philippines in Context

Setting the Philippines in Context. Michael M. Alba De La Salle University ─ Manila. Some Growth Miracles and Some Growth Disasters. Levels Accounting: Ratios to US values, Selected Countries. Reason for the growth conundrum or low TFP. Poor social infrastructure

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Setting the Philippines in Context

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  1. Setting the Philippines in Context Michael M. Alba De La Salle University ─ Manila

  2. Some Growth Miracles and Some Growth Disasters

  3. Levels Accounting: Ratios to US values, Selected Countries

  4. Reason for the growth conundrum or low TFP • Poor social infrastructure • Social infrastructure: the social norms, laws, and government policies, and the (formal and informal) institutions that enforce them Hall and Jones (1999) • Roots in culture and history • Settler communities vs. extractive institutions Acemoglu et al. (2002)

  5. Examples of poor social infrastructure • Flawed idea of political leadership • entitlement vs. service • datus • cura parroco and guardia civil • sacking of the social security coffers • self and family interests over national good • political turncoatism and dynasties • motivation behind cha-cha initiatives • Endemic corruption • smuggling • government procurement • tax collection • hoodlums in judicial robes • COMELEC • no controls for directors of government corporations

  6. Final points • Suggestion • Set up an independent organization to monitor governance situation • Question • How does a country improve its social infrastructure?

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