When a sleeping tiger wakesUnder president Fidel Ramos, the Philippines has undergone massive economic liberalization and is now on a steady growth course. The challenge is to remove remaining bottlenecks and position the country as Asia’s next tiger economy. By Ben Davies in ManilaThe Asia Pacific Economic Cooperation (APEC) summit in Manila last November was a crowning point in president Fidel Ramos’s four-year term. Summit participants included president Bill Clinton as well as leaders from the other 17 APEC member states. |
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