Book on Philippine Institutions Examines Key Reforms

The commitment of President Benigno S. Aquino III to fight corruption and promote good governance is essentially a question of rebuilding institutions. Tackling the definition of institutions as well as the state of the Philippine economy and politics, the book Philippine Institutions: Growth and Prosperity for All,  was launched last August 4, 2010, at the Sining Kamalig Art Gallery, Gateway Mall, Quezon City.   

This volume underscores the decisive role of institutions at this moment and for the long run to achieve prosperity for all. It wants to create a sense of urgency to tackle the reforms of political and economic institutions, considering the cooptation or subversion of institutional forms and arrangements during the past administration. The book also recognizes the interaction of institutions and policies, and attempts to propose policies that not only address the current development obstacles but also have a long-lasting impact on institutions.

There is a diverse gathering of contributors for this volume, well-known in their respective fields which range from economics to law and governance, among others. The contributors are Michael M. Alba on institutional change, Joseph Anthony Y. Lim on the macro-economy, Raul Pangalangan on judicial reforms, Gilberto Llanto and Eduardo Gonzalez on policy reforms,  Nepomuceno A. Malaluan and Solomon F. Lumba on the exercise of executive power, Maita Gomez on fiscal policy, Filomeno S. Sta. Ana III on the exchange rate policy, Yusuf Abu-Bakr Ledesma on the Comprehensive Agrarian Reform Program, Jessica Reyes-Cantos on rice security, Rene R. Raya on education reforms, Eddie Dorotan on good governance, Rene E. Ofreneo on migration and development, and Jenina Joy Chavez on regional cooperation.

Economic Planning Secretary Cayetano Paderenga has said that the book should be required reading in undergraduate and graduate courses in economics.  The book is published by Action for Economic Reforms (AER), with Filomeno Sta. Ana III as editor.  It is  available at leading bookstores. 

AER has several publications lined up, one of which is a book on legal barriers to investments in the Philippines, due for release soon.

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