Review of Structural Adjustment in the Philippines

This article has been delivered during the Central Bank Diamond Jubilee celebration on November 21,1988. It reviews the issues of Philippine structural adjustments with a focus on the identification of elements in the past Philippine efforts that appear to be critical in the future adjustment endeavor. It also discusses the problems and the potentials of policy-based lending in support of future structural adjustment efforts in the Philippines.tax structure, agrarian reform, liberalization, structural adjustment, balance of payments, structural reforms, policy adjustment, industrialization