*Paper presented at the 16'_Annual Scientific Meeting ofthe National Academy of Science and Technology, Philippine International Convention Center (PICC), Manila, 13-14July 1994. **President, Philippine Institute for Development Studies (PIDS). The views expressed here are those ofthe authorand do not necessarily reflect those of the Institute. The author would like to thank Odette Salcedo for editorial assistance and Jane Alcantara for secretarial assistance. Ponciano S.Intal,Jr.**