PHILIPPINE LABOR AND THE ECONOMY
Jorge V. Sibal (2008)

TABLE OF CONTENTS
Page • Foreword ……………………………………………………….......... iii
• Preface and Acknowledgement ………………………………… iv
• Curriculum Vitae of Professor Jorge V. Sibal ……………… vii

Theoretical Underpinnings

1. Industrial Relations and the Social Sciences ………………………...... 1
   
2. Systems Approach in the Study of IR ………………………………....... 4
   
3. Industrial Relations and the Economic System ……………………... 8
   
4. Industrial Relations and Economic Development ……………….. 13
   
5. Industrial Relations Environment ………………………………….. 18
   
6. The Entrepreneur and the Development of Science and Technology. 25
   
7. The Entrepreneurs and the Economy ………………………….......... 28

Economic Policies and Issues

1. Wages of Labor ……................................................................... 32
   
2. Incomes Policy ………………………………………………………….................. 40
   
3. Trade and Investment Theories and Globalization …………………..... 51
   
4. Trade and Investment Policies ……………………………………........ 57
   
5. Fiscal Policy and Taxation …………………………………………............. 66
   
6. Financial System and Monetary Policy ………………………………….... 76
   
7. Money and Banking ……………………………………………………............ 83
   
8. Non-Bank Financial Institutions …………………………………………........ 88
   
9. Capital Market and Long-term Financing ………………………… 96
   
10. The Philippine Labor Situation …………………………………………... 100
    
11. Issues and Problems in the Philippine Industrial Relations System. 113
    
12. Policy Issues and Challenges in the Philippine Labor Sector …….. 125
    
13. Industrial Culture and Industrialization ………………………………. 136
    
14. Strengthening Offshoring in the Philippines …………………………... 153
    
15. Measuring the Informal Sector in the Philippines and the ........... 167
    Trends in Asia
16. Local Government Unit Practices in Labor Protection in the ……... 182
    Informal Sector
17. Globalization and Changes in Labor Market Policies and ……………. 195
    Industrial Relations Practices
18. Appendixes of Charts, Figures and Tables …………………………….... 224

U.P. Industrial Relations Alumni Association, Inc. (UP-IRAA)
U.P. School of Labor and Industrial Relations, Bonifacio Hall, Diliman, Quezon City