#TruthAboutMartialLaw
Marcos-initiated “globalization” led to PH economic decline
November 26, 2016
“In 1980, the Marcos regime actually made the Philippines the first country in Asia and the second country in the world, after Turkey, to be at the receiving end of a World Bank structural adjustment loan (SAL). The conditionalities of the US$200 million loan included among others tariff cuts, removal of import licenses and […]
Repost from “Anyare? Economic Decline since Marcos”
November 19, 2016
Never again In hindsight the arc of neoliberal globalization of the Philippine economy is clear. The Martial Law regime started the market-oriented restructuring of the Philippine economy and its debilitating effects were immediately felt. After Marcos, cronyism was craftily used to justify even greater liberalization, privatization and deregulation as early as the Corazon Aquino administration […]
