Includes index. Canlas, D., Khan, M. E., & Zhuang, J. (2011). Diagnosing the Philippine economy: Toward inclusive growth. New York, NY: Published for the Asian Development Bank by Anthem Press.

Introduction -- Objectives -- Methodology -- Summary of the key findings -- Part A: Overview and synthesis -- Development performance and policy -- Synopsis of Philippines growth -- Accounting for sources of growth -- Recent trends in poverty and inequality -- Evolution of the Philippines' development policy -- Critical constraints to growth and poverty reduction -- Critical constraints to growth -- Critical constraints to poverty reduction -- Summary and conclusions -- Part B: Background studies -- Macroeconomic management -- Introduction -- Philippine postwar experience -- Macroeconomic instability as a constraint to growth -- Policy implications -- Trade, investments, and domestic production -- Introduction -- Government failures constraining growth, trade, and investments -- The inability to upgrade the technology and scale of manufacturing -- Policy implications -- Infrastructure -- Introduction -- Links between infrastructure and economic growth -- Empirical findings and policy implications -- Comments and policy recommendations -- Human capital -- Introduction -- Education and economic growth -- Education and the labor market -- Rates of return to education -- Conclusions and policy implications -- Equity and the social sector -- Introduction -- Average welfare, inequality, and poverty -- Changes in poverty by growth and inequality -- Economic growth and human development in education and health -- Education -- Health -- Social protection programs -- Conclusions and policy recommendations -- Poverty reduction: trends, determinants, and policies - Introduction -- Poverty trends -- Determinants of local growth and poverty reduction -- Antipoverty programs -- Governance, institutions, and political economy -- Introduction -- Institutions and development - the argument -- Current evidence -- Legitimacy and political economy -- Conclusions and policy implications

The Philippines' pace of growth and poverty reduction has lagged behind that of many of its regional neighbors. While growth has picked up in recent years, domestic investment has remained weak and its share in gross domestic product continued to decline, raising the question of how the recent pace of growth can be sustained and whether it can be improved further. This book asks what the critical constraints to growth and poverty reduction are for the Philippines in the medium term, and discusses policy options to help address these constraints.