Political Economy Of Philippine Economic Reforms

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".

Why do some small, developing countries industrialize and others don’t? What factors account for different economic performance among states that are vulnerable to external shocks, crony capitalism, and political instability? This book argues that the answer lies in the structuring of state power, specifically the way different sets of governing elites – political leaders and economic technocrats – are embedded in political organisations and state institutions, and the way these elites relate to each other in the economic development policy process. Conducting a comparative historical analysis of Thailand and the Philippines, the book argues that the institutional settings of governing elites influence economic outcomes. In Thailand, political power traditionally connects to state institutions in ways that has limited the impact of political turnovers and global downturns - conducive to long-term industrial activities. In contrast, Philippine state power derives from family networks that merge social and political power, suited to fast-moving, short-term commercial interests. In focusing on this political and institutional story, the author analyses the current development dilemmas of countries, weighed down by historical legacies of unstable regimes, dependency, and social conflict, and how they are likely to develop in the future.

Walden Bello, the Philippines' leading economist presents an assessment of the failure of the Philippines to address poverty and social inequality.

Covers the period from Spanish and United States' colonization to the present day.

As early as the first millennium A.D., the Philippine archipelago formed the easternmost edge of a vast network of Chinese, Southeast Asian, Indian, and Arab traders. Items procured through maritime trade became key symbols of social prestige and political power for the Philippine chiefly elite. Raiding, Trading, and Feasting presents the first comprehensive analysis of how participation in this trade related to broader changes in the political economy of these Philippine island societies. By combining archaeological evidence with historical sources, Laura Junker is able to offer a more nuanced examination of the nature and evolution of Philippine maritime trading chiefdoms. Most importantly, she demonstrates that it is the dynamic interplay between investment in the maritime luxury goods trade and other evolving aspects of local political economies, rather than foreign contacts, that led to the cyclical coalescence of larger and more complex chiefdoms at various times in Philippine history. A broad spectrum of historical and ethnographic sources, ranging from tenth-century Chinese tributary trade records to turn-of-the-century accounts of chiefly "feasts of merit," highlights both the diversity and commonality in evolving chiefly economic strategies within the larger political landscape of the archipelago. The political ascendance of individual polities, the emergence of more complex forms of social ranking, and long-term changes in chiefly economies are materially documented through a synthesis of archaeological research at sites dating from the Metal Age (late first millennium B.C.) to the colonial period. The author draws on her archaeological fieldwork in the Tanjay River basin to investigate the long-term dynamics of chiefly political economy in a single region. Reaching beyond the Philippine archipelago, this study contributes to the larger anthropological debate concerning ecological and cultural factors that shape political economy in chiefdoms and early states. It attempts to address the question of why Philippine polities, like early historic kingdoms elsewhere in Southeast Asia, have a segmentary political structure in which political leaders are dependent on prestige goods exchanges, personal charisma, and ritual pageantry to maintain highly personalized power bases. Raiding, Trading, and Feasting is a volume of impressive scholarship and substantial scope unmatched in the anthropological and historical literature. It will be welcomed by Pacific and Asian historians and anthropologists and those interested in the theoretical issues of chiefdoms.