It is with pleasure that we share with you Stratbase ADR Institute’s Occasional Paper for October 2019. Entitled “Turning Point: What Philippine’s Political-Economic Shift to China Means”, the paper is a descriptive account of the economic outcomes of the shift or pivot to China in the past three years. It comprises of six sections.
After the Introduction, the second section looks into Trade and Investment and presents trade facts and patterns in relation with China, Japan, the USA, Australia and Korea. This is followed by an account of the net foreign direct investment flows from China, Japan, the USA, EU and ASEAN countries.
The third section tackles the source and share of Oflcial Development Assistance from partner countries. Loans from Japan, WB, ADB, Korea, China, AIIB, France, IFAD, Italy & OFID and grants from the USA, Australia, UN System, EU, Japan, China, Korea, ADB, Germany, Canada, WB, New Zealand, Spain, Italy, & France are presented. Tourist arrivals from China, Japan, Korea, the USA and Australia are also accounted for.
The penultimate section presents an added description about the shift and oflcial trips to China. It highlights the much-hyped bilateral cooperation by virtue of the fifth trip in the areas of education, science and technology, finance, and customs. Water infrastructure projects like the Chico River Projet and Kaliwa Dam are also made mention.
To recap the discussions provided, this paper simply concludes by making noteworthy observations on trends in terms of trade and investment, ODA, and tourist arrival.