Booty Capitalism: The Politics of Banking in the Philippines [Hardcover] Hutchc

Description: In the early postwar years, the Philippines seemed poised for long-term economic success; within the region, only Japan had a higher standard of living. By the early 1990s, however, the country was dismissed as a perennial aspirant to the ranks of newly industrializing economies, unable to convert its substantial developmental assets into developmental success. Major reforms of the mid-1990s bring new hope, explains Paul D. Hutchcroft, but accompanying economic gains remain relatively modest and short-lived. What has gone wrong? The Philippines should have all the ingredients for developmental success: tremendous entrepreneurial talents; a well-educated and anglophone workforce; a rich endowment of natural resources; a vibrant community of economists and development specialists; and abundant overseas assistance. Hutchcroft attributes the laggard economic performance to long-standing deficiencies in the Philippine political sphere. The country's experience, he asserts, illuminates the …

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EAN: 9780801434280

Book Title: Booty Capitalism : the Politics of Banking in the Phillipines

Number of Pages: 278 Pages

Language: English

Publisher: Cornell University Press

Topic: Asia / Southeast Asia, Banks & Banking, Public Policy / Economic Policy

Publication Year: 1998

Illustrator: Yes

Genre: Political Science, Business & Economics, History

Item Weight: 0 Oz

Item Length: 9.4 in

Author: Paul D. Hutchcroft

Item Width: 6.3 in

Format: Hardcover