Hutchcroft, but accompanying economic gains remain relatively modest and short-lived. "Booty capitalism," he explains, emerged from relations between a patrimonial state and a predatory oligarchy. The country's experience, he asserts, illuminates the relationship between political and economic development in the modern Third World. Hutchcroft attributes the laggard economic performa
| Title | : | Booty Capitalism: The Politics of Banking in the Philippines |
| Author | : | Paul D. Hutchcroft |
| Rating | : | 4.51 (798 Votes) |
| Asin | : | 0801434289 |
| Format Type | : | Hardcover |
| Number of Pages | : | 278Pages |
| Publish Date | : | 2015-3-30 |
| Language | : | English |
Hutchcroft, but accompanying economic gains remain relatively modest and short-lived. "Booty capitalism," he explains, emerged from relations between a patrimonial state and a predatory oligarchy. The country's experience, he asserts, illuminates the relationship between political and economic development in the modern Third World. Hutchcroft attributes the laggard economic performance to long-standing deficiencies in the Philippine political sphere. By the early 1990s, however, the country was dismissed as a perennial aspirant to the ranks of newly industrializing economies, unable to convert its substantial developmental assets into developmental success. What has gone wrong? The Philippines should have all the ingredients for developmental success: tremendous entrepreneurial talents; a well-educated and anglophone workforce; a rich endowment of natural resources; a vibrant community of economists and development speci
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