The Economy of the Philippines: Elites, Inequalities and Economic Restructuring

In the late 1950s, the Philippines economy could reasonably have been described as more advanced than those of its South Asian neighbours. Ever since then however, it has consistently lagged behind and only really started to grow strongly in the mid 1990s. This text critically analyses the Filipino economy and attempts to explain the problems that it has faced, as well as the solutions that need to be put into practice.