With the objective of designing and implementing more effective policies and programs in the light of external shocks, this paper assesses the impact of economic crisis and adjustment policies on basic economic and social concerns particularly on vulnerable income groups. The development path implied in this article is a strategy that is expansionary within the limits set by external finance and other policy considerations.
The Philippine Journal of Development (PJD) is a multidisciplinary, peer-reviewed journal published biannually by the Philippine Institute for Development Studies (PIDS). It serves as a platform for disseminating policy-oriented research on development issues, including the economy, business, public administration, foreign relations, sociology, and political dynamics.
P-ISSN 2508-0954 • E-ISSN 2508-0849 • https://doi.org/10.62986/pjd