This research paper describes and explores the economic performance of the Philippines during the Aquino Administration based on selected economic indicators such as the exchange rate, growth rate, inflation, and external debt.
The economic performance of the Aquino Administration was compared to the performance of Arroyo Administration. The researcher utilized the government reports, independent reviews by members of the academe, developmental institutions, and other relevant resources to guide the analyses.
Table of Contents
1. Abstract
2. Introduction
3. Research Methodology
4. Results and Discussions
5. Conclusion
Objectives and Research Focus
This study aims to analyze and evaluate the economic performance of the Philippines during the administration of Benigno Aquino III (2010–2016) by examining key economic indicators and comparing them with the preceding administration.
- Evaluation of key economic indicators including GDP growth, inflation, and exchange rates.
- Assessment of the country's external debt management during the specified period.
- Comparison of economic performance between the Aquino and Arroyo administrations.
- Identification of gaps and opportunities for improvement in fiscal and monetary policy.
- Analysis of the impact of domestic and external economic environments on Philippine growth.
Excerpt from the Book
Introduction
The economic performance of the Philippines varies from one administration to another. However, the Philippine economic transformation launched in 2010 was effective; Economic growth is robust, public finances are being consolidated, and institutional framework is improving. The Philippines was one of the fastest-growing economies, with an annual real GDP growth rate averaging 4.50 percent since 2000. In 2005, the Aquino Administration under the Presidency of Benigno Aquino III, the country was among the top 30 fastest-growing economies worldwide due to strong domestic economic policies and the aftermath of the rapid growth of Chinese economy. In addition, the Philippine managed to maintain a much stronger rate in 2015 as compared to other ASEAN member states. (BNP Paribas, 2016; World Bank Group, 2017)
As the Aquino administration focused on the domestic economic activities, net exports remained to be a source of weakness for the Philippine economy due to its heavy dependence on the performance of its high-technology sector which is more vulnerable to demand shocks in high-technology value chains.
The net exports of the country had trade deficits in 2016 as the rapid expansion of imports outpaced export growth. In the face of weak external environment of the Philippines, it won several sovereign credit upgrades from Moody’s and Fitch that made the country’s debt investment grade. This was due to successful fiscal reforms which reduced the fiscal deficit substantially (due to enactment of the ‘sin’ taxes against cigarettes and alcohol products) as well as foreign investors’ perceived improvement in governance and sincere efforts to fight corruption. Hence, business confidence boomed even as the global economy remained lackluster. (Lim, 2016)
Summary of Chapters
Abstract: Provides a high-level overview of the research scope, focusing on the evaluation of Philippine economic indicators during the Aquino Administration.
Introduction: Outlines the economic context of the Philippines, highlighting growth performance, fiscal reforms, and the objectives of the study.
Research Methodology: Describes the desk review approach used to analyze secondary data and economic variables to benchmark the administration's performance.
Results and Discussions: Presents a detailed analysis of exchange rates, GDP growth components, inflation trends, and external debt data from 2010 to 2016.
Conclusion: Summarizes the economic challenges and achievements, noting the government's efforts to manage the economy amidst external financial pressures.
Keywords
Philippine Economic Indicators, Philippine Economic Performance, Aquino Administration, GDP Growth, Inflation Rate, Exchange Rate, External Debt, Fiscal Policy, Monetary Policy, Arroyo Administration, Economic Reforms, Trade Deficits, Sovereign Credit, ASEAN, Philippine Economy
Frequently Asked Questions
What is the core focus of this research paper?
The paper explores the economic performance of the Philippines under the Aquino Administration by analyzing specific indicators like growth rate, inflation, and debt.
Which economic indicators are primarily assessed in this study?
The study assesses the exchange rate, GDP growth rate, inflation rate, liquidity rate, and the external debt of the Philippines.
What is the primary objective of this research?
The objective is to understand and assess the economic performance of the Benigno Aquino III administration between 2010 and 2016.
What methodology does the researcher use?
The researcher employs a desk review method, analyzing existing journals, government reports, and institutional studies to evaluate economic performance.
What is covered in the main body of the research?
The main body examines historical economic data, compares the Aquino administration to the Arroyo administration, and presents findings through tables and analysis of economic trends.
Which keywords best characterize this work?
Key terms include Philippine Economic Indicators, Aquino Administration, GDP growth, inflation, and external debt management.
How did the Aquino administration compare to the Arroyo administration?
The study uses the Arroyo administration as a benchmark to compare weighted growth rates, noting that the Aquino administration relied more heavily on domestic demand.
What role did external factors play in the Philippine economy during this period?
The research notes the influence of the Great Recession, the European Union debt crisis, and the slowdown of Asian economies on Philippine export performance.
What were the findings regarding the country's debt-to-GDP ratio?
The data indicates that government debt to GDP hit a record low of 42.10 percent in 2016, following a long-term trend of fiscal consolidation.
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- Emmanuel Dotong (Autor:in), 2018, A Study of the Philippine Economy During the Administration of President Benigno Aquino III, München, GRIN Verlag, https://www.grin.com/document/447107
