DOWNLOAD FREE: Three Policy Briefs on ‘Making Investments Work’ in the Philippines

on . Posted in News @ UP Asian Center

The Bugkos Research Program of the UP Asian Center has published online three policy briefs from the policy forum, “Making Investments Work: Paradigms, Patterns, Prospects,” which was held on 24 November 2016 at Balay Kalinaw, University of the Philippines Diliman. The briefs, which can viewed online or downloaded as PDFs for free, represent abridged versions of three papers presented during the forum.

Manuel Montes, PhD and Jerik Cruz

Josef Yap, PhD.

Luis Dumlao, PhD


In the past decade, the Philippines had experienced unprecedented economic growth. This has been attributed to rising business confidence and increasing foreign direct investments. However, while this trend has earned the country the status of emerging economy, challenges remain. The twin problems of widespread poverty and rising income and wealth inequality persist. Calls for charter change have been revived partly in the hope of making our country more attractive to foreign capital.

These policy briefs discuss the challenges confronted by Philippine political economy and examine the nature of and the role played by foreign investments in the country. What is the pattern of foreign investment flows in the Philippines and how does this compare with that of other Southeast Asian emerging economies? How do foreign and domestic businesses interact? What is the role of policy in directing investments toward industries in which the country needs to build competitive advantage? What are the kinds of investments needed in the Philippines that will contribute toward the attainment of inclusive and sustainable development?

The policy forum was organized by the Bugkos—”Asia in Transition” institutional research program of the UP Asian Center. The three papers were funded by the UP System Emerging Inter-Disciplinary Research Program (OVPAA-EIDR-06-27).


  • Dr. Manuel Montes is a Senior Advisor on Finance and Development at the South Centre in USA.

  • Jerik Cruz, MA is a Lecturer at the Department of Economics, Ateneo de Manila University.

  • Dr. Josef Yap is a Professorial Lecturer at the School of Economics, University of the Philippines Diliman. He is former President of the Philippine Institute for Development Studies.

  • Dr. Luis Dumlao is the Dean of the John Gokongwei School of Management and former Chair of the Department of Economics of Ateneo de Manila University.


The UP Asian Center’s Bugkos—”Asia in Transition” institutional research program brings together scholars in the fields of economics, political science, anthropology, international studies and Asian Studies. Funded by the University of the Philippines’ Office of the Vice President for Academic Affairs, Bugkos involves seven study leaders working on various topics. To learn more about Bugkos—study leaders, research staff, objectives, etc.—please visit the webpage:

The UP Asian Center offers M.A. degrees in Asian Studies with four fields of specialization: Northeast Asia, Southeast Asia, South Asia, and West Asia. The Center also has an M.A. program in Philippine Studies that allows students to major in Philippine society and culture, Philippine foreign relations, or Philippine development studies. The Center offers a Ph.D. program in Philippine Studies in conjunction with the College of Arts and Letters and the College of Social Sciences and Philosophy. Get an overview of these programs. The Asian Center also houses a peer-reviewed, open-access journal, Asian Studies: Journal of Critical Perspectives on Asia. It has published several books and monographs, and hosts or organizes various lectures and conferences.

Lectures @ UP Asian Center (SS)

What's Happening @ UP Asian Center