Philippines
The Philippines has committed to the pursuit of inclusive growth in its 2011–2016
development plan (National Economic and Development Authority 2011), recognizing
that sustained growth creates jobs, includes the majority in the economic
and social mainstream, and reduces mass poverty. To achieve inclusive growth,
the plan’s key strategies include massive infrastructure development, higher governance
standards, human development and human capital formation, employment
generation, and access to financing. These thrusts will be complemented by a
macroeconomic regime of low inflation and a sustainable fiscal balance, along
with ecological integrity and mitigation of the effects of climate change. The plan
also emphasizes equitable access to basic social services, as well as stronger safety
nets and social protection against shocks.