Philippine Involvement in WTO

Paper Summary:

This paper discusses the impact of the World Trade Organization's (WTO) policies on the local economy of the Philippines. It discusses whether the WTO has made local agriculture and industry stable in the Philippines and made the economy globally competitive vis-a-vis its competitors abroad. The paper concludes with the lessons to be learned from the failure of the Philippine involvement in the WTO.

From the Paper:

"The entry of the Philippines to the World Trade Organization through the General Agreement on Tariff and Trade during the mid-1990s promised more investments and capital equipment in the country to generate employment and a wider consumer base to access the market due to the lowering of prices of imported goods through tariff reduction. President Ramos, together with the GATT's main sponsor in the Senate, then Senator Gloria Macapagal-Arroyo hailed the entry to the WTO as a concrete step in ensuring the place of the Philippines in the roster of emerging tiger economies on the road to being a Newly Industrialized Country in the medium-term."

Sample of Sources Used:

• Interview. Villegas, Dr. Edberto. Expert on Philippine Political Economy. February 2006
• Interview. Ponsaran, John. MA Public Administration. February 2006
• Interview. Sison, Jose Maria. Chief Political Consultant, National Democratic Front. Email Interview. February 2006
• www.Bulalat.com.
• www.Philippinerevolution.net

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