So near, yet so far...
| AN OUTSIDERS VIEW |
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| Ken Fuller |
This week, a one-question quiz: Which left-wing or nationalist group is responsible for formulating the program of national development summarized below?
The major objectives of economic policy are seen as “the sound and balanced development of the economy on a self-sustaining basis, with emphasis on basic and integrated industries that generate maximum benefits to society, the widespread application and development of science and technology by the people, the attainment of maximum employment, and the growth of per capita real income.” In other words, the Philippines will take the tiger route and industrialize.
The industries established will be “essential to change the structure of our economy, substantially minimize our dependence on imports of raw materials, semi-processed goods and machinery and equipment, alter the quality and increase the value of our exports, provide greater wages, and achieve a higher rate of economic growth.” The state will take the “national decisions affecting the establishment, dispersal and location of such industries,” and “be guided by what is socially and economically desirable (rather) than what is merely profitable.”.... MORE
Source: The Daily Tribune
URL: http://www.tribuneonline.org/commentary/20111025com5.html
1 comment
napakaganda daw ng nationalist development law (Magna Carta) authored by the Phil. Congress under Jose Laurel na pinirmahan bilang batas ni Marcows noong 1969. sayang at dahil sa pressure ng foreign capital at maaring concession moves ni Marcos ay hindi
"The use of foreign exchange will be subject to a strict system of priorities, and the import of goods not essential to national development will be subject to high tariffs or other restrictions. Subsidies will be granted only when strictly necessary, and only to enterprises in which at least 70 percent of the capital is owned by Filipinos. Preferable treatment will be extended to companies in which ownership is dispersed, with cooperatives and “other applicants with greater public participation being preferred.” Similarly, steps will be taken to prevent the development of conglomerates “that may have as a consequence the domination of the economy by a few corporations.”"
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