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Since 1996, Philippine economy has turned into the sustained growth stage.the reasons for that:the interior Political and social envi roment are becoming Stable;Ramos government economic Opening and reform are accalarating and has achieved greatly;the goverment has broken monoply, giving Private equal Chances to Participate in ecoonmic construction;the way of BOT has been put into use Which Stimulate Economic growth;labour export continually Produces the multiplier effects for eco nomic growth.Philippine economic reform and Opening are irreversible, but IMF has some doubts about its Sustained economic growth.
Since 1996, Philippine economy has turned into sustained growth stage. The reasons for that: the interior Political and social envi roment are becoming Stable; Ramos government economic Opening and reform are accalarating and has achieved greatly; the goverment has broken monoply, giving Private equal Chances to Participate in ecoonmic construction; the way of BOT has been put into use Which Stimulate Economic growth; labor export continually Produces the multiplier effects for eco nomic growth. Philippine economic reform and Opening are irreversible, but IMF has some doubts about its Sustained economic growth.