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Microeconomic Distortions
Trade distortions can reduce the social efficiency of investment. Even a moderate, uniform tariff of 50 percent could reduce the efficiency of investment by almost a quarter.
The Modern Principalia
The Modern Principalia is about the Philippine ruling elite--who they are and how they evolved in history. It delves into their economic interests as well as their lifestyles, how they acquired their wealth and built a world of their own. It describes their family links and their interlocking interests with other elites and foreign partners. The book also examines the values and behavior of the elite in politics and government, how they exploit the poverty and ignorance of the masses to win political power, and what they do with that power.
An Anarchy of Families
Winner of the Philippine National Book Award, this pioneering volume reveals how the power of the country's family-based oligarchy both derives from and contributes to a weak Philippine state. From provincial warlords to modern managers, prominent Filipino leaders have fused family, politics, and business to compromise public institutions and amass private wealth--a historic pattern that persists to the present day. Edited by Alfred W. McCoy, An Anarchy of Families explores the pervasive influence of the modern dynasties that have led the Philippines during the past century. Exemplified by the Osmeñas and Lopezes, elite Filipino families have formed a powerful oligarchy--controlling capital...
