ABSTRACT
What has been the performance of the Philippines under the EOI/SAP policy regime? As
can be gleaned from Table 2, the Philippines posted the lowest growth in the EOI/SAP
decades of the 1980s, 1990s and 2000s. It was also in these decades when the late indus-
trializers in Southeast Asia Indonesia, Malaysia and Thailand began overtaking the Philippines by posting higher growth performance in manufacturing (see Table 3).
