{"id":5858,"date":"2016-11-26T00:29:33","date_gmt":"2016-11-25T16:29:33","guid":{"rendered":"http:\/\/ibon.org\/?p=5858"},"modified":"2017-02-19T09:00:39","modified_gmt":"2017-02-19T01:00:39","slug":"5858","status":"publish","type":"post","link":"https:\/\/www.ibon.org\/tl\/5858\/","title":{"rendered":"Marcos-initiated &#8220;globalization&#8221; led to PH economic decline"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-5867 aligncenter\" src=\"http:\/\/ibon.org\/wp-content\/uploads\/2016\/11\/IBON-2016-1125-MarcosGlobalization-1-300x237.png\" alt=\"ibon-2016-1125-marcosglobalization\" width=\"659\" height=\"521\" srcset=\"https:\/\/www.ibon.org\/wp-content\/uploads\/2016\/11\/IBON-2016-1125-MarcosGlobalization-1-300x237.png 300w, https:\/\/www.ibon.org\/wp-content\/uploads\/2016\/11\/IBON-2016-1125-MarcosGlobalization-1-768x607.png 768w, https:\/\/www.ibon.org\/wp-content\/uploads\/2016\/11\/IBON-2016-1125-MarcosGlobalization-1-1024x809.png 1024w, https:\/\/www.ibon.org\/wp-content\/uploads\/2016\/11\/IBON-2016-1125-MarcosGlobalization-1-600x474.png 600w, https:\/\/www.ibon.org\/wp-content\/uploads\/2016\/11\/IBON-2016-1125-MarcosGlobalization-1-100x78.png 100w, https:\/\/www.ibon.org\/wp-content\/uploads\/2016\/11\/IBON-2016-1125-MarcosGlobalization-1.png 1885w\" sizes=\"(max-width: 659px) 100vw, 659px\" \/><\/p>\n<p>&nbsp;<\/p>\n<p>&#8220;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 quantitative restrictions, lowering protections, and export-promotion \u2013 all in line with the market-oriented restructuring of the economy. This first SAL and another US$302 million one in 1984 were the historic spearheads of subsequent decades of trade and investment liberalization in the country.&#8221; &#8212; from\u00a0<em>Anyare? Economic Decline Since Marcos<\/em><\/p>","protected":false},"excerpt":{"rendered":"<p>&nbsp; &#8220;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 [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":5867,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":"","_expiration-date-status":"","_expiration-date":0,"_expiration-date-type":"","_expiration-date-categories":[],"_expiration-date-options":[]},"categories":[547,4,39,108,12,510],"tags":[637,638,373,457,347,358,475,696,695,116,849,83],"acf":[],"_links":{"self":[{"href":"https:\/\/www.ibon.org\/tl\/wp-json\/wp\/v2\/posts\/5858"}],"collection":[{"href":"https:\/\/www.ibon.org\/tl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ibon.org\/tl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ibon.org\/tl\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ibon.org\/tl\/wp-json\/wp\/v2\/comments?post=5858"}],"version-history":[{"count":4,"href":"https:\/\/www.ibon.org\/tl\/wp-json\/wp\/v2\/posts\/5858\/revisions"}],"predecessor-version":[{"id":5870,"href":"https:\/\/www.ibon.org\/tl\/wp-json\/wp\/v2\/posts\/5858\/revisions\/5870"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.ibon.org\/tl\/wp-json\/wp\/v2\/media\/5867"}],"wp:attachment":[{"href":"https:\/\/www.ibon.org\/tl\/wp-json\/wp\/v2\/media?parent=5858"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ibon.org\/tl\/wp-json\/wp\/v2\/categories?post=5858"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ibon.org\/tl\/wp-json\/wp\/v2\/tags?post=5858"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}