Countly Reports, Philippines - Second Quarter 1991, The Economist Intelligence Unit, 17-18; LeoP. Gonzaga, Foreign Investment Climate, 10:6 East Asian Executive Reports 22 (June 15, 1988): article cites several examples of investors opting for other Asian countries considered more hospitable to foreign investment. See Bill Passes in Philippines allowing Developers to Own 100% of Projects, Independent Power Report, 8 (July 5, 1991): A United Nations study confirmed Representative Serra-Ty's remarks concluding that the Philippines must "radically reform its economy to promote industry" if it hoped to comp9ete with its Asian neighbors.
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