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A Primer on U.S. NEOCOLONIALISM and the PHILIPPINE CRISIS The story of how the post-war imperialism of the U.S. IMF-WB Group reduced what was the preeminent developing economy in the Asia-Pacific in the fifties to the humanitarian disaster that it is today where 80 percent of the population live in hunger conditions. An introduction to development economics and the post-war economic history of the Philippines as a neocolony of the U.S. CITIZENS' COMMITTEE ON THE NATIONAL CRISIS ] + + + Pope John Paul said the continuing plight of the Third World was caused directly by peoples and groups who wanted to keep developing countries poor. The unbalanced development taking place at present and posin...
PREFACE The nation is undergoing a socioeconomic crisis whose intensity and complexity are without precedent, and this book has been written for those who wish to understand the origin and nature of that crisis in layman's terms and who are seeking for ways and means out of that crisis, also in layman's terms. The understanding of that crisis need not and should not be confined to economists, and the fundamentals underlying it should be placed within the grasp of every Filipino, even of those who have not had the benefit of a formal course in economics. Just as politics is too important to be left to politicians, interest in the nation's economic situation, and the formulation of the appropr...
In the early postwar years, the Philippines seemed poised for long-term economic success; within the region, only Japan had a higher standard of living. By the early 1990s, however, the country was dismissed as a perennial aspirant to the ranks of newly industrializing economies, unable to convert its substantial developmental assets into developmental success. Major reforms of the mid-1990s bring new hope, explains Paul D. Hutchcroft, but accompanying economic gains remain relatively modest and short-lived. What has gone wrong? The Philippines should have all the ingredients for developmental success: tremendous entrepreneurial talents; a well-educated and anglophone workforce; a rich endow...
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"An excellent book. . . . [It] provides a unique picture of the processes of globalist institution transformation in a crucial, less developed country."—John Willoughby, American University
In this seminal work, U.S. development specialist Robin Broad chronicles the Philippine experiment with the structural adjustment model of development espoused by the World Bank and the International Monetary Fund.
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