The Philippines: The Political Economy of Growth and Impoverishment in the Marcos Era
This book analyzes the Philippine economy from the 1960s to the 1980s. During this period, the benefits of economic growth conspicuously failed to trickle down. Despite rising per capita income, broad sectors of the Filipino population experienced deepening poverty. Professor Boyce traces this outcome to the country's economic and political structure and focuses on three elements of the government's development strategy: the green revolution in rice agriculture, the primacy accorded to export agriculture and forestry, and massive external borrowing. James Boyce is the author of Agrarian Impasse in Bengal and co-author of A Quiet Violence: View from a Bangladesh Village.
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acreage Asian Asian Development Bank assets average banana capital flight cent Central Bank Central Luzon Cesar Virata coconut oil consumers copra costs country's creditors crisis crops cultivation decline demand Development dollars domestic economic effect estimates example exchange rate export agriculture external borrowing external debt farmers farms Fegan Filipino finance foreign exchange forest forestry green revolution growers growth Hayami hectares impact imports increase industry Institute investment irrigation landlords loans Manila Marcos million Mindanao monopsony National NEDA official output payments pesos Philippine Coconut Philippine export Philippine government Philippine rice agriculture Philippine sugar pineapple plantation political poor population poverty price index production ratio real incomes real wages reported in Table Research rice prices rice technology rose rural sector share shift social strategy sugarcane tenants trade transfer trends water control workers World Bank World Bank 1988a world price yields