The 8% leap in the Philippines: rebalancing partnerships and leading Asian growth, Ricardo G. Barcelona & Bernardo M. Villegas (Elcano, Spain)

Skyline of Manila. Photo: jopetsy (CC BY 2.0)

The Philippines continues to confound its critics. Prognoses of ‘political crises’ sinking the economy have become unfulfilled expectations. European diplomacy’s concern with alleged extra-judicial killings risks condemning EU firms to losing out on US$160 billion in infrastructure opportunities in 2016-22. But European firms could reverse this by committing to partnerships with Philippine firms. EU economic diplomacy could become more supportive by working with firms to promote their advanced technology, know-how and expertise.

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