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Political Economy of the Philippines under Marcos Administration

Political Economy of the Philippines under Marcos Administration

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Published by Ryan Shimojima

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Published by: Ryan Shimojima on Oct 02, 2009
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08/10/2013

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Political Economy ofthe Philippinesunder Marcos Administration
Submitted by:
James Ryan S. Penalosa
AB Political Science IIISubmitted to:
Prof. Ma. EdithaB.Enumerabellon
POLITICASCIENC85
 
“   
Millions stashed in afrozen Swiss bank account.Dozens of crates of prized possessions shipped across oceans. A man dying in exile in Hawaii. These statements might bring to mind thoughts of James Bond or the latest action film, but in reality they pertain to the life of a real man: Ferdinand Marcos.” 
"There are many things we do not wantabout the world. Let us not just mournthem. Let us change them."
Marcos, F.
"My economic theory is that money was made round to go round. Money was made to encircle man so that he would blossom with many flowers. The whole trouble is, the center is money. All the heads of people thinking about money. All the hands of people reaching out for money. All their poor little bodies working for money. They are running in all directions for money." 
-- N
ovember 1985,Imelda to Sandra Burton, in Impossible Dream
 
"I have only ever dreamt of a small house with a picket fence by the sea. But how can I stop what I am doing? It becomes a romance not only to a president and a husband but a romance of principles and commitment. A romance for humanity. This is perhaps what makes me so controversial. I am beyond logic and rationality." 
 –Marcos, I.
“It is easier to run a revolutionthan a government.”
Marcos, F.
 
TABLE OF CONTENTS
I.INTRODUCTION……………………………………………………….3A.What is Corruption?..............................................................................................3II.CORRUPTION IN THE PHILIPPINE ILLUSTRATION…………………………7III.THE RISE OF MARCOSA.Who isFerdinand Marcos?.................................................................................16IV.MARCOS’ PHILIPPINE POLITICAL ECONOMY : THE SUCESSES &FAILURESA.The Philippines Under Marcos Regime………………………………………...23B.Economic Transformations During Marcos Administration…………………...261.The Economic Acceleration………………………………………………...262.The Foreign Borrowing & Infrastructure Development……………………273.The Tourism Rate in the Philippines………………………………………..274.The international Remittances of Overseas Filipino Workers……………...285.The Unforeseen Pitfalls……………………………………………………..286.The Attempt………………………………………………………………...28V.DEFINITION OF TERMS…………………………………………………………29VI.APPENDICES……………………………………………………………………...31VII.CONCLUSION……………………………………………………………………..41VIII.BIBLIOGRAPHY…………………………………………………………………..46

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