Towards an Inclusive, Sustainable and Green Philippine Economy
Main Article Content
Abstract
The neo-liberal framework, which has guided development in the Philippines for nearly four decades, has produced economic growth without creating enough jobs for the job seekers. With a stagnating industrial sector and a collapsing agricultural sector, growth has been fuelled mainly by the remittances of millions of overseas Filipino workers and immigrants. The sustainability of the economy is further threatened by an environmental crisis and climate change-induced calamities that have been occurring in the country with alarming frequency.To make the economy sustainable economically and environmentally, the author argues that the country has little choice but to embrace an inclusive, sustainable and green development framework. Inclusiveness means empowerment of the people through an allout implementation of social and economic reforms such as agrarian reform. Greening means the renewal of the environment through reforestation, the development of green industries such as the renewables, and the greening of existing industries, turning “brown†technologies into more effcient ones and workers into environmental crusaders. All these necessitate an overhaul of the failed neo-liberal policy framework and adoption of an Industrial Policy that promotes green/greener industries and value-adding inter-sectoral linkages, technological and environmental innovations and skills upgrading.
Downloads
Article Details
Submission of a manuscript implies: that the work described is original, has not been published before (except in the form of an abstract or as part of a published lecture, review, or thesis); that is not under consideration for publication elsewhere; that its publication has been approved by all co-authors, if any, as well as tacitly or explicitly by the responsible authorities at the institution where the work was carried out. Transfer of copyright to the University of Malaya becomes effective if and when the article is accepted for publication. The copyright covers the exclusive right to reproduce and distribute the article, including reprints, translations, photographic reproductions, microform, electronic form (offline and online) or other reproductions of similar nature.
An author may self-archive the English language version of his/her article on his/her own website and his/her institutions repository; however he/she may not use the publishers PDF version which is posted on www.ijie.um.edu.my. Furthermore, the author may only post his/her version, provided acknowledgement is given to the original source of publication and a link must be accompanied by the following text: The original publication is available at www.ijie.um.edu.my.
All articles published in this journal are protected by copyright, which covers the exclusive rights to reproduce and redistribute the article (e.g. as offprint), as well as all translation rights. No material published in this journal may be reproduced photographically or stored on microfilm, in electronic database, video disks, etc., without first obtaining written permission from the publishers. The use of general descriptive names, trade names, trademarks, etc., in this publication, even if not specifically identified, does not imply that these names are not protected by the relevant laws and regulations.
The copyright owners consent does not include copying for general distribution, promotion, new works, or resale. In these cases, specific written permission must first be obtained from the publishers.