Philippine APEC Study Center Network Rafaelita Mercado-Aldaba PASCN Discussion Paper No. 2000-13 The views and opinions expressed are those of the author(s) and do not neces- sarily reflect those of the Network. The PASCN Discussion Paper Series constitutes studies that are preliminary and subject to further revisions and review. They are being circulated in a limited number of copies only for purposes of soliciting comments and suggestions for further refinements.