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The Philippine EconomyDevelopment, Policies, and Challenges$
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Arsenio M. Balisacan and Hal Hill

Print publication date: 2003

Print ISBN-13: 9780195158984

Published to Oxford Scholarship Online: November 2003

DOI: 10.1093/0195158989.001.0001

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Services

Services

Chapter:
(p.254) 8 Services
Source:
The Philippine Economy
Author(s):

Ma. Joy V. Abrenica

Gilberto M. Llanto

Publisher:
Oxford University Press
DOI:10.1093/0195158989.003.0008

This chapter documents the changing face of the services industry over the past three decades (1970–2000). It makes a special reference to two case studies – telecommunications and banking. Both are largely positive cases of reform leading to a more efficient provision of a range of services. There are other cases of successful reforms in the sector, including domestic shipping and civil aviation. This chapter also closely examines regulations that distort trade in services.

Keywords:   banking industry, financial sector, financial services, General Agreement on Trade in Services, market structure, regulation, telecommunications, trade liberalization

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