Imports to Discipline the Market - Aldaba, Rafaelita M.
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Amidst the globalization trend and increasing economic integration in the Southeast and East Asian region, this book assesses the trade liberalization experience of the Philippines focusing on its impact on competition. It covers not only the overall manufacturing industry but also a case study of the cement industry where an alleged cartel is known to operate. From the fifties till the seventies, Philippine manufacturing received heavy protection from high tariffs, import controls and restrictions. Government-sanctioned monopolies and cartels were allowed along with price controls and entry…mehr

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Produktbeschreibung
Amidst the globalization trend and increasing economic integration in the Southeast and East Asian region, this book assesses the trade liberalization experience of the Philippines focusing on its impact on competition. It covers not only the overall manufacturing industry but also a case study of the cement industry where an alleged cartel is known to operate. From the fifties till the seventies, Philippine manufacturing received heavy protection from high tariffs, import controls and restrictions. Government-sanctioned monopolies and cartels were allowed along with price controls and entry regulations. In the 1980s up to the mid 1990s, substantial trade reforms were pursued leading to reduced industry protection. After more than twenty years of unilateral trade reforms, it is important to ask whether this has led to reduced market power and increased domestic competition. Are imports effective in disciplining an industry particularly those characterized by collusive behavior such as cement? What lessons can be drawn from Philippine experience? What policy suggestions can be made to improve competition and reap the benefits from opening-up markets?
Autorenporträt
Rafaelita is a Research Fellow at the Philippine Institute for Development Studies with extensive research experience on international trade and development, foreign investment and regional integration. She worked as consultant to the Economic Research Institute for ASEAN and East Asia, World Bank, and Asian Development Bank.