Alvin Campomanes, Xiao Chua, Michael Charleston Briones Chua: you - TopicsExpress

Alvin Campomanes, Xiao Chua, Michael Charleston Briones Chua: you might be interested in Chan Wing-suets MA dissertation (thesis) undertaken with the guidance of Norman Owen. The material is entitled, The Failure of the Martial Law Regime in the Philippines. Of particular interest to me is Chapter 2 about the failings of Marcosian Industrial Policy . The focus of that chapter is on how Export-Oriented Industrialization (EOI) did not succeed in the Philippines (as it did in HK, Taiwan, SG and South Korea). EOI only served to balloon the countrys foreign debts, increase unemployment and essentially, kill domestic industry. Chan shows that the massive failure is a result of bad timing, bad policy-making and crony capitalism. Good read...

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