Competition Policy, Technology Policy, and Philippine Industrial Competitiveness

Abstract

The disappointing performance of the Philippine industrial sector in the past five decades has been attributed to several factors such as the lack of a stable macroeconomic environment, poor infrastructure, low productivity, low savings rate, and an overvalued currency.

This paper attempts to sumarize the link between competition policy, technology policy, and industrial policy, and suggests direction for future industrial policy. It gives a brief discussion on recent Philippine industrial development; analyzes the scope and elements of competition policy; and gives an assessment of industrial policy in the Philippines.