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Philippine Infrastructure and Connectivity: Challenges and Reforms
Author(s) -
Llanto Gilberto M.
Publication year - 2016
Publication title -
asian economic policy review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.58
H-Index - 20
eISSN - 1748-3131
pISSN - 1832-8105
DOI - 10.1111/aepr.12141
Subject(s) - scope (computer science) , critical infrastructure , corporate governance , government (linguistics) , business , private sector , public infrastructure , predictability , fiscal space , space (punctuation) , economics , finance , economic growth , computer science , computer security , political science , debt , linguistics , philosophy , physics , quantum mechanics , law , programming language , operating system
The Philippines has performed creditably well in the past few years. Ensuring better infrastructure and connectivity is crucial in attaining inclusive growth. This will require substantial investments in infrastructure. Various reforms to address the infrastructure lack were implemented but there is scope for more reforms: improving fiscal space, reforming budgetary processes, improving public‐private partnerships (PPPs) and the regulatory environment, and better policy coordination to address problems of connectivity and infrastructure. The Philippines has to continuously improve the governance framework, ensure stability and predictability of policies and regulations. Better coordination among a diverse set of governmental infrastructure bodies, and also between government and the private sector is needed to address infrastructure bottlenecks.