Unequal Alliance

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ISBN: 9780520059054 | 0520059050
Cover: Hardcover
Copyright: 5/1/1988

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In this seminal work, U.S. development specialist Robin Broad chronicles the Philippine experiment with the structural adjustment model of development espoused by the World Bank and the International Monetary Fund.

List of Tables	p. xi
List of Figures	p. xiii
List of Abbreviations	p. xv
Preface	p. xvii
Acknowledgments	p. xxv
Introduction	p. 1
The Philippine Setting	p. 1
The Newest International Division of Labor	p. 4
General Analytical Framework	p. 6
The Philippine Transformation	p. 9
New Departures	p. 14
Searching for a Role: The Early Years	p. 20
Origins	p. 21
The Formative Fifties	p. 23
The IMF Takes the Lead	p. 28
Maturation: Bank and Fund Centerstage	p. 36
International Political Configuration	p. 37
Shifting International Division of Labor	p. 41
New Bank and Fund Roles	p. 46
The State Role	p. 55
Negotiating Adjustment: The Industrial Sector	p. 57
A Faltering Facility	p. 59
An Escalating World Bank Presence	p. 63
SAL: The Consensus	p. 70
The Technocrats: Transnationalist Allies	p. 72
Adjustment in Action	p. 81
Tariff Reform	p. 81
Lifting the Import Restrictions	p. 87
De Facto Devaluation	p. 90
Export Promotion	p. 94
The IMF's Hidden Role	p. 98
Slicing the Economic Pie	p. 103
National Entrepreneurs	p. 105
Industrial Wage-Earners	p. 116
Industrialization and the Financial Sector	p. 128
Fathering Domestic Legislation	p. 129
Opening the Floodgates	p. 137
"What It Means to Be a Guinea Pig"	p. 144
Seeding the Central Bank	p. 148
Beyond the Apex Loan	p. 155
Reshaping the Philippines' Political Economy	p. 162
"Separating the Men from the Boys"	p. 163
"Bring in a Foreign Partner"	p. 168
The Triple Alliance	p. 172
Export-Oriented Industrialization: An Assessment	p. 178
Stagnation on Global Markets	p. 179
A Modern Enclave	p. 190
Overall Performance	p. 197
Things Fall Apart: The Rise of Debt, the Fall of Marcos, and the Opportunity for Change	p. 202
The Slide Continues	p. 203
Glory Days?	p. 210
From Bad to Worse: The Philippines, 1983-1986	p. 215
Industry and Finance: The SAL Record	p. 222
Triple Alliance Revisited	p. 228
Rethinking Development	p. 231
Notes	p. 239
List of Persons Interviewed	p. 331
Index	p. 339
Table of Contents provided by Syndetics. All Rights Reserved.

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Unequal Alliance

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