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Unequal alliance [electronic resource] : the World Bank, the International Monetary Fund, and the Philippines /
Robin Broad.
Berkeley : University of California Press, c1988.
xxvii, 352 p. : ill. ; 24 cm.
More Details
Berkeley : University of California Press, c1988.
Licensed for access by U. of T. users.
general note
Includes index.
catalogue key
Bibliography: p. 239-337.
A Look Inside
About the Author
Author Affiliation
Robin Broad is a resident associate at the Carnegie Endowment for International Peace and an international affairs fellow of the Council on Foreign Relations
Flap Copy
"An excellent book. . . . [It] provides a unique picture of the processes of globalist institution transformation in a crucial, less developed country."--John Willoughby, American University
Full Text Reviews
Appeared in Choice on 1988-12:
This seminal work details the Philippine experiment with the International Monetary Fund/World Bank "structural adjustment" model of development, focusing on export-oriented industrialization that was adapted during the reign of Ferdinand Marcos in the early 1980s. The model is based on a major tenet: "inject Reaganomics into the Third World" and then restructure the economy to produce labor-intensive consumer products for Western markets. In the book's ten chapters, the author details this model (the process by which the IMF and the World Bank moved to center stage in the Philippine political economy) and the nature of a triple alliance that was formed between the state, the private sector, and transnational firms. The author also explores the closed-door discussions and negotiations that led to the model's imposition on the Philippines and the many reasons for the model's failure to generate a sustainable and broad-based development. Broad concludes that structural adjustments of any variety are not suitable for the Third World given the growing protectionism in developed nations, the unwillingness of multinational firms to expand investment in these societies, and the huge gap that already divides the rich and the poor. Well written, superbly organized, and thoroughly researched, this book is must reading. Academic and public libraries. -H. Amirahmadi, Rutgers, The State University of New Jersey, New Brunswick
This item was reviewed in:
Choice, December 1988
To find out how to look for other reviews, please see our guides to finding book reviews in the Sciences or Social Sciences and Humanities.
Long Description
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.
Table of Contents
List of Tablesp. xi
List of Figuresp. xiii
List of Abbreviationsp. xv
Prefacep. xvii
Acknowledgmentsp. xxv
Introductionp. 1
The Philippine Settingp. 1
The Newest International Division of Laborp. 4
General Analytical Frameworkp. 6
The Philippine Transformationp. 9
New Departuresp. 14
Searching for a Role: The Early Yearsp. 20
Originsp. 21
The Formative Fiftiesp. 23
The IMF Takes the Leadp. 28
Maturation: Bank and Fund Centerstagep. 36
International Political Configurationp. 37
Shifting International Division of Laborp. 41
New Bank and Fund Rolesp. 46
The State Rolep. 55
Negotiating Adjustment: The Industrial Sectorp. 57
A Faltering Facilityp. 59
An Escalating World Bank Presencep. 63
SAL: The Consensusp. 70
The Technocrats: Transnationalist Alliesp. 72
Adjustment in Actionp. 81
Tariff Reformp. 81
Lifting the Import Restrictionsp. 87
De Facto Devaluationp. 90
Export Promotionp. 94
The IMF's Hidden Rolep. 98
Slicing the Economic Piep. 103
National Entrepreneursp. 105
Industrial Wage-Earnersp. 116
Industrialization and the Financial Sectorp. 128
Fathering Domestic Legislationp. 129
Opening the Floodgatesp. 137
"What It Means to Be a Guinea Pig"p. 144
Seeding the Central Bankp. 148
Beyond the Apex Loanp. 155
Reshaping the Philippines' Political Economyp. 162
"Separating the Men from the Boys"p. 163
"Bring in a Foreign Partner"p. 168
The Triple Alliancep. 172
Export-Oriented Industrialization: An Assessmentp. 178
Stagnation on Global Marketsp. 179
A Modern Enclavep. 190
Overall Performancep. 197
Things Fall Apart: The Rise of Debt, the Fall of Marcos, and the Opportunity for Changep. 202
The Slide Continuesp. 203
Glory Days?p. 210
From Bad to Worse: The Philippines, 1983-1986p. 215
Industry and Finance: The SAL Recordp. 222
Triple Alliance Revisitedp. 228
Rethinking Developmentp. 231
Notesp. 239
List of Persons Interviewedp. 331
Indexp. 339
Table of Contents provided by Syndetics. All Rights Reserved.

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