Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/266063 
Year of Publication: 
2022
Series/Report no.: 
UPSE Discussion Paper No. 2022-01
Publisher: 
University of the Philippines, School of Economics (UPSE), Quezon City
Abstract: 
The five decades that have passed since Marcos declared martial law is an opportunity for stocktaking relative to the present. This piece is a summary comparison of the character of the economy that existed under the Marcos regime and the current structure and problems experienced by the post-millennial economy. The stark differences described are unfortunately still not fully reflected in current economic discussions, a good part of which is still preoccupied with issues pertaining to a vanishing past. This prevents the country from confronting its real problems and exploiting new opportunities.
Subjects: 
martial law
Marcos
services economy
business-process outsourcing
overseas remittances
Philippine development strategies
protectionism and liberalisation
JEL: 
N15
O53
Document Type: 
Working Paper

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