The economy fifty years since martial law: changing landscapes, unchanged views

Emmanuel de Dios ()

No 202201, UP School of Economics Discussion Papers from University of the Philippines School of Economics

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.

Keywords: martial law; Marcos; services economy; business-process outsourcing; overseas remittances; Philippine development strategies; protectionism and liberalisation (search for similar items in EconPapers)
JEL-codes: N15 O53 (search for similar items in EconPapers)
Pages: 17 pages
Date: 2022-03
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Published as UPSE Discussion Paper No. 2022-01, March 2022

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