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

Author

Listed:
  • Emmanuel S. de Dios

    (School of Economics, University of the Philippines Diliman)

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.

Suggested Citation

  • Emmanuel S. de Dios, 2022. "The economy fifty years since martial law: changing landscapes, unchanged views," UP School of Economics Discussion Papers 202201, University of the Philippines School of Economics.
    • Handle: RePEc:phs:dpaper:202201
    as

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    File URL: https://econ.upd.edu.ph/dp/index.php/dp/article/view/1545/
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    References listed on IDEAS

    as
    1. Young, Alwyn, 2014. "Structural transformation, the mismeasurement of productivity growth, and the cost disease of services," LSE Research Online Documents on Economics 60213, London School of Economics and Political Science, LSE Library.
    2. Emmanuel S. de Dios, 2013. "Skills, migration, and industrial structure in a dual economy," UP School of Economics Discussion Papers 201302, University of the Philippines School of Economics.
    3. Alwyn Young, 2014. "Structural Transformation, the Mismeasurement of Productivity Growth, and the Cost Disease of Services," American Economic Review, American Economic Association, vol. 104(11), pages 3635-3667, November.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    martial law; Marcos; services economy; business-process outsourcing; overseas remittances; Philippine development strategies; protectionism and liberalisation;
    All these keywords.

    JEL classification:

    • N15 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Asia including Middle East
    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East

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