Industrialization In The Philippines Essay

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The industrialization of Europe shaped abundant demands for fresh supplies from the Philippines, transporting with it investment and wealth, although this was very unevenly distributed. Beforehand, the Philippines was a trading post for global trade but in the nineteenth century it was developed both as a source of raw materials and as a market for manufactured goods. The economy of the Philippines increased rapidly and its local industries developed to fulfil the rising demands of an industrializing Europe. Moreover, in coming decades Philippine industrialization is typically labelled as collective records of controls, protection, exchange overvaluation, and distorted domestic policies. In the immediate post-war period a combination of an early boom, institutional constraints, subsequent trade deficits, trade controls, and biased monetary and fiscal policies created the setting for a protective system favourable to consumer goods industries and finishing stages of production and unfair against export industries. The forthcoming appeared to be optimistic, subsequently in terms of industrialization, economic potential and public education the Philippines was one of the most advanced countries in Asia. Throughout the 1950’s to early 60’s, the nation considered recovery from the devastating war is “to adjust the …show more content…

The proportion increased to 32% in 1976, the latest year for which data are consistent.. The Industrialization offered works for the Filipinos in these years, despite the declaration of martial law. Between 1960 and 1970, salary added per employee grew at an annual average rate of 3.4% in real terms. The decline in salary increase contributed to the growth of every household, as the large manufacturing sectors employed almost 1 of every 3 people working in manufacturing sector. The growth of employment contributed for the damage of micro

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