The Philippines in the Asian Financial Crisis: How the Sick Man Avoided Pneumonia

@article{Noland2000ThePI,
  title={The Philippines in the Asian Financial Crisis: How the Sick Man Avoided Pneumonia},
  author={Marcus Noland},
  journal={Asian Survey},
  year={2000},
  volume={40},
  pages={401-412}
}
  • M. Noland
  • Published 1 May 2000
  • Economics
  • Asian Survey
The Philippines has long been regarded as the weak sister of Asia, but in the Asian financial crisis it performed relatively well. This is not simply a matter of not being able to fall out of the basement, either—in mid-1997 the Philippines economy was forecasted to grow at more than six percent in 1998, and both the post-crisis forecasts revisions, and the degree of the eventual contraction were less in the Philippines than elsewhere in Asia. Rather, the Philippines crisis experience offers… 

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