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Lädt ... Booty Capitalism: The Politics of Banking in the Philippinesvon Paul D. Hutchcroft
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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 relationship between political and economic development in the modern Third World. Through careful examination of interactions between the state and the major families of the oligarchy in the banking sector since 1960, Hutchcroft shows the political obstacles to Philippine development. 'Booty capitalism,'he explains, emerged from relations between a patrimonial state and a predatory oligarchy. Hutchcroft concludes by examining the capacity of recent reform efforts to encourage transformation toward a political, economic order more responsive to the developmental needs of the Philippine nation as a whole. Keine Bibliotheksbeschreibungen gefunden. |
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Google Books — Lädt ... GenresMelvil Decimal System (DDC)332.109599Social sciences Economics Finance Banking Biography And History Asia Southeast AsiaKlassifikation der Library of Congress [LCC] (USA)BewertungDurchschnitt:
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A strong indictment of the perils of pervasive rent-seeking behavior by entrenched economic elites, "Booty Capitalism" is a highly readable exposition regarding the evident inertia of the Philippine economy. Full of salacious details about Marcos cronies, central bank governors and business tycoons, Hutchcroft's book is nonetheless a somber, deeply insightful historical work focusing on the Philippine banking system, and how that system remains instrumental in maintaining a decayed political and economic structure.
(Posted in Amazon.com, March 5, 2004) ( )