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  • Chrony Capitalism

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    Danica Medina
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    The document summarizes chapters 2 and 3 of a book about crony capitalism. Chapter 2 compares the economies of Korea and the Philippines, noting that Korea has risen despite corruption while the Philippines has not changed due to a history of colonization that weakened citizenship. Elites have controlled the Philippines through political dynasties and elections. Chapter 3 discusses bureaucratic processes that must be complied with for business registration and how rulers have used patronage networks to gain and maintain power in the country.

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    The document summarizes chapters 2 and 3 of a book about crony capitalism. Chapter 2 compares the economies of Korea and the Philippines, noting that Korea has risen despite corruption while the Philippines has not changed due to a history of colonization that weakened citizenship. Elites have controlled the Philippines through political dynasties and elections. Chapter 3 discusses bureaucratic processes that must be complied with for business registration and how rulers have used patronage networks to gain and maintain power in the country.

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    © All Rights Reserved
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    9 views1 page

    Chrony Capitalism

    Uploaded by

    Danica Medina
    The document summarizes chapters 2 and 3 of a book about crony capitalism. Chapter 2 compares the economies of Korea and the Philippines, noting that Korea has risen despite corruption while the Philippines has not changed due to a history of colonization that weakened citizenship. Elites have controlled the Philippines through political dynasties and elections. Chapter 3 discusses bureaucratic processes that must be complied with for business registration and how rulers have used patronage networks to gain and maintain power in the country.

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    © All Rights Reserved
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    of 1

    CHRONY

    CAPITALISM CHRONY CAPITALISM


    We were tasked to write
    our insights about the
    CHAPTERS II AND III
    chapters 2 and 3 in the
    book.
    CHAPTER II
    -Korea have risen up despite its history of massive
    corruption. On the other hand, Philippines hasn’t changed
    at all. In addition, we have been colonized by many
    countries that’s why the patronage is not that full when it
    comes to the citizenship and the whole nation. Due to
    this, elites have gone into power, controlling almost
    CHAPTER II everything since day 1. This includes the election and
    -It is about the even the political parties subject to relativistic dynasty.
    comparison of Korea
    The inability to politically and economically lead the
    and Philippine’s
    economy nation was also mentioned in the book. To this day,
    corruption has been the “disease” that destroys and
    paves the Philippines to doom.

    CHAPTER III
    -I cannot seem to comprehend the reason as to
    why there are processes to comply with when we register

    CHAPTER III

    -BUREAUCRATS AND
    RULERS IN THE
    COUNTRY

    Danica Nicole G. Medina

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