The Industrialisation Programme of the Philippines
This chapter describes and evaluates the general programme for industrialisation followed by the Philippines. Although this particular country is not a major political or trading power, its approach to industrialisation as well as its experiences with the programme have been typical of a large group of developing nations. Consequently, any lessons that can be gleaned from the efforts of the Philippines to industrialise have much wider applicability than the significance of the country as a world power might indicate.
KeywordsForeign Exchange Real Wage Political Leader Industrialisation Policy Import Substitution
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