The 8% leap in the Philippines: rebalancing partnerships and leading Asian growth

The Elcano Royal Institute is a think-tank for international and strategic studies that analyses world events and trends from a Spanish, European and global perspective.

The Analyses of the Elcano Royal Institute (ARI)are short pieces - of around 3,000 words - on aspects of current international affairs considered to be of relevance to Spain, its foreign policy or its security. In broad terms ARIs are intended to have a predictive bearing on events.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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