foreign direct investments
Trade deficit worsened as FDI increased
March 23, 2023
In the absence of Filipino industrialization, FDI dominates domestic manufacturing. Foreign manufacturers and foreign investors in general have very low local content and their import-intensive operations are fueling the country’s trade deficit. This has widened over the years reaching a record US$43.5 billion in 2018.
Agriculture weakened despite capital inflows in sector
March 23, 2023
Charter change advocates in Congress claim changing the constitution to favor foreign direct investment (FDI) will develop the economy. Yet while foreign capital poured into the agriculture, forestry and fisheries sector over the years, its share in the economy has plunged.
Foreign investment hasn’t done much to develop the Philippine economy
March 6, 2023
Foreign investment can play a role in development but, clearly, not under the free market-oriented policy framework the government has been insisting on since the Marcos dictatorship.
IBON: PDP 2023-2028 non-solution to PH economic crisis
January 30, 2023
The Marcos Jr administration’s Philippine Development Plan 2023-2028 boldly promises “economic and social transformation for a prosperous, inclusive and resilient society” yet falls short as a comprehensive development plan.
On changing the economic provisions of the 1987 Constitution: More foreign investment does not mean more development
January 26, 2023
As the House Committee on Constitutional Amendments considers proposed amendments, IBON raises five major points on why economic provisions in the 1987 Constitution should be retained.
Our destructive foreign investment fetish
March 28, 2022
Is foreign direct investment the magic bullet for development that it is so often made out to be? Not really, if we look at the Philippine experience with unjaundiced eyes.
Big stimulus bill prioritizing aid more urgent than easing foreign restrictions–IBON
April 18, 2021
Every additional COVID-19 response measure over the meager amounts allotted by the administration will help the country get out of this crisis faster, whereas bills expanding foreign businesses’ profit-making will not be of any help at all.
