Booty Capitalism: The Politics of Banking in the Philippines
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 i...
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Ithaca, NY
Cornell University Press
[2019]
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Schlagworte: | |
Online-Zugang: | DE-1046 DE-859 DE-860 DE-739 DE-473 DE-1043 DE-858 URL des Erstveröffentlichers |
Zusammenfassung: | 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 |
Beschreibung: | Description based on online resource; title from PDF title page (publisher's Web site, viewed 26. Nov 2019) |
Beschreibung: | 1 online resource (296 pages) 7 halftones, 5 tables |
ISBN: | 9781501738630 |
DOI: | 10.7591/9781501738630 |
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Datensatz im Suchindex
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adam_text | |
any_adam_object | |
author | Hutchcroft, Paul D. |
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spelling | Hutchcroft, Paul D. aut Booty Capitalism The Politics of Banking in the Philippines Paul D. Hutchcroft Ithaca, NY Cornell University Press [2019] © 1998 1 online resource (296 pages) 7 halftones, 5 tables txt rdacontent c rdamedia cr rdacarrier Description based on online resource; title from PDF title page (publisher's Web site, viewed 26. Nov 2019) 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 In English Geschichte 1960-1995 gnd rswk-swf General Economics POLITICAL SCIENCE / Political Ideologies / Capitalism bisacsh Banks and banking Philippines Capitalism Wirtschaftspolitik (DE-588)4066493-4 gnd rswk-swf Kreditwesen (DE-588)4032950-1 gnd rswk-swf Philippinen (DE-588)4045771-0 gnd rswk-swf Philippinen (DE-588)4045771-0 g Wirtschaftspolitik (DE-588)4066493-4 s Kreditwesen (DE-588)4032950-1 s Geschichte 1960-1995 z 1\p DE-604 https://doi.org/10.7591/9781501738630 Verlag URL des Erstveröffentlichers Volltext 1\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk |
spellingShingle | Hutchcroft, Paul D. Booty Capitalism The Politics of Banking in the Philippines General Economics POLITICAL SCIENCE / Political Ideologies / Capitalism bisacsh Banks and banking Philippines Capitalism Wirtschaftspolitik (DE-588)4066493-4 gnd Kreditwesen (DE-588)4032950-1 gnd |
subject_GND | (DE-588)4066493-4 (DE-588)4032950-1 (DE-588)4045771-0 |
title | Booty Capitalism The Politics of Banking in the Philippines |
title_auth | Booty Capitalism The Politics of Banking in the Philippines |
title_exact_search | Booty Capitalism The Politics of Banking in the Philippines |
title_full | Booty Capitalism The Politics of Banking in the Philippines Paul D. Hutchcroft |
title_fullStr | Booty Capitalism The Politics of Banking in the Philippines Paul D. Hutchcroft |
title_full_unstemmed | Booty Capitalism The Politics of Banking in the Philippines Paul D. Hutchcroft |
title_short | Booty Capitalism |
title_sort | booty capitalism the politics of banking in the philippines |
title_sub | The Politics of Banking in the Philippines |
topic | General Economics POLITICAL SCIENCE / Political Ideologies / Capitalism bisacsh Banks and banking Philippines Capitalism Wirtschaftspolitik (DE-588)4066493-4 gnd Kreditwesen (DE-588)4032950-1 gnd |
topic_facet | General Economics POLITICAL SCIENCE / Political Ideologies / Capitalism Banks and banking Philippines Capitalism Wirtschaftspolitik Kreditwesen Philippinen |
url | https://doi.org/10.7591/9781501738630 |
work_keys_str_mv | AT hutchcroftpauld bootycapitalismthepoliticsofbankinginthephilippines |