Infrastructure Development In The Philippines Case Study

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According to this book, Philippines has attained important achievements in infrastructure development, particularly in terms of access to infrastructure services by the population. Despite these achievements, the overall state of infrastructure in the country has not kept up with rapid population growth and urbanization, and has emerged as a key impediment to the Philippines’ economic competitiveness. In addition, it says that Philippines had become competitive in the past years and has been one of the fastest growing economy in the world back then. The measures resulted in significant private sector investments in infrastructure has been a large contribution to infrastructure investments than the public sector over 1992 to 2002. But as the years continue to pass by, the quality of…show more content…
According to Nikko Dizon, The Philippines last minute pronouncement to join the Asian Infrastructure Investment Bank is a bittersweet experience for the country. Because it has to balance its economic interests. “The AAIB will likely to compete with other financial organizations like the world bank and it reflects a rising China. But the Philippine has to be realistic and pragmatic or else we will be left behind.” Said Chester Cabaza, a professor of Chinese studies at the National Defense of the Philippines. Joining the AAIB gives the Philippines another avenue to source funds for its development project. Cabaza also stated that participating in the AIIB is actually one of China’s ways of cementing position that it is a world power. Partaking in AIIB will give China a opportunity to have a global influence. Given this condition, the Philippine Republic must be wise in making decisions because there will be a lot of consequences when they chose the wrong ones. They should think if participating in AIIB will give the country a higher progress when it comes to

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