(P69) The political economy of Dutertenomics: a preliminary review


Single Panel


Session 3
Wed 14:30-16:00 K12 | 2.15

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How do we assess economic policy and governance of the Duterte administration? Political leadership has been always controversial in the Philippines and the rest of the world. Various economic policy and institutional reforms have been implemented in the past three decades in the Philippines. However, the process of alleviating poverty and reducing social inequality has been excruciatingly slow. More, because the restoration of electoral democracy in 1987 has yet to translate into improved quality of life for the majority, it has opened the door for a resurgence of strongman rule even as concerns for
the deteriorating rule of law have grown. COVID-19 is uncovering deep cleavages of the society. The President Duterte has a unique leadership style and political agenda. With respect to economic policy, he emphasizes the ambitious infrastructural development plan “Build, Build, Build” as his economic strategy. His administration has also launched an ambitious industrial policy. In this panel, the issues of Dutertenomics will be examined from historical and comparative perspectives. How has President Duterte changed economic policy and governance? How has COVID-19 influenced economic policy and governance? What are lessons from Dutertenomics for the rest of Southeast Asian countries in the processes of developing economies and democratic governance?