Crisis In The Philippines

The book provides an overview of the history of the Philippines from the period of Spanish colonial domination to the present and analyzes the twenty-year Marcos record and the causes of the downfall of the Marcos regime. The essays will greatly aid the general reader in understanding the Philippine-American relationship. Originally published in 1986. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.

The special relationship between the United States and the Philippines is chronicled, and the potential threats to that relationship are exposed and evaluated. Special attention is paid to imposition of martial law by Marcos from 1972-1981. The human rights of the Filipino people during martial law, development programs implemented by Marcos during martial law, and the failure of those programs are reviewed. There is a chapter on the crisis following the assassination of Benigno Aquino and its implications for United States--Filipino economic and security relations. Currently, the greatest danger facing United States interests in the Philippines is the possibility of economic collapse. Recommendations for the United States to support its interests are given. A profile of the Philippines, a Philippine chronology from 1898 to the present, and an index are included. (APG)

Anecdotal evidence permeates accounts on the impact of the global economic crisis on Philippine poverty. This study systematically assesses the evidence and recent data. It adopts a somewhat eclectic approach as applying regression and decomposition techniques to trace the impact of the global economic crisis on gross domestic product and its major components, constructing panel data from nationally representative household surveys to trace the changes in household welfare during the crisis, and combining national income accounts and household survey data to simulate the differential effects of the crisis across population groups and social divides. Empirical findings suggest that although the Philippine economy did not slide to recession during the crisis, its impact on the economy and poverty across population groups was nonetheless severe---and may linger for many years to come.