­Structural Inequality in the Philippines: Oligarchy, Economic Transformation and Current Challenges to Development

Over the past four decades; the Philippines has achieved significant advances in its growth performance and has undergone a series of transformations in its political; economic and social structures. However; while average incomes have risen; the country’s record in terms of generating quality emplo...

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Main Authors: Tuaño, Philip Arnold, Cruz, Jerik
Format: text
Published: Archīum Ateneo 2021
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Online Access:https://archium.ateneo.edu/economics-faculty-pubs/162
https://www.timesbookstores.com.sg/products/inequality-and-exclusion-in-southeast-asia-old-fractures-new-frontiers-structural-inequality-in-the-philippines-oligarchy-economic-transformation-and-current-challenges-to-development
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Institution: Ateneo De Manila University
id ph-ateneo-arc.economics-faculty-pubs-1173
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spelling ph-ateneo-arc.economics-faculty-pubs-11732022-02-24T05:48:18Z ­Structural Inequality in the Philippines: Oligarchy, Economic Transformation and Current Challenges to Development Tuaño, Philip Arnold Cruz, Jerik Over the past four decades; the Philippines has achieved significant advances in its growth performance and has undergone a series of transformations in its political; economic and social structures. However; while average incomes have risen; the country’s record in terms of generating quality employment and reducing poverty and inequality has been disappointing. High levels of income inequality and social exclusion have persisted; even as the rate of upward mobility; at least compared to its ASEAN neighbors; has been low. Moreover; new evidence suggests that key forms of wealth inequality have been rising. These trends are caused not only by poor human and physical investment as well as the adverse impacts of premature deindustrialization; but also by the dynamics of an oligarchical political economy in which political dynasties and family-linked conglomerates have substantially curbed the capacity of non-elite formations and players to assert more developmental policy regimes and more substantive democratization. More recently; we argue; these same political economy constraints have also been starkly exhibited in the country’s incoherent response to the COVID-19 pandemic. 2021-01-01T08:00:00Z text https://archium.ateneo.edu/economics-faculty-pubs/162 https://www.timesbookstores.com.sg/products/inequality-and-exclusion-in-southeast-asia-old-fractures-new-frontiers-structural-inequality-in-the-philippines-oligarchy-economic-transformation-and-current-challenges-to-development Economics Department Faculty Publications Archīum Ateneo poverty inequality social mobility premature deindustrialization oligarchy the Philippines COVID-19 Economics
institution Ateneo De Manila University
building Ateneo De Manila University Library
continent Asia
country Philippines
Philippines
content_provider Ateneo De Manila University Library
collection archium.Ateneo Institutional Repository
topic poverty
inequality
social mobility
premature deindustrialization
oligarchy
the Philippines
COVID-19
Economics
spellingShingle poverty
inequality
social mobility
premature deindustrialization
oligarchy
the Philippines
COVID-19
Economics
Tuaño, Philip Arnold
Cruz, Jerik
­Structural Inequality in the Philippines: Oligarchy, Economic Transformation and Current Challenges to Development
description Over the past four decades; the Philippines has achieved significant advances in its growth performance and has undergone a series of transformations in its political; economic and social structures. However; while average incomes have risen; the country’s record in terms of generating quality employment and reducing poverty and inequality has been disappointing. High levels of income inequality and social exclusion have persisted; even as the rate of upward mobility; at least compared to its ASEAN neighbors; has been low. Moreover; new evidence suggests that key forms of wealth inequality have been rising. These trends are caused not only by poor human and physical investment as well as the adverse impacts of premature deindustrialization; but also by the dynamics of an oligarchical political economy in which political dynasties and family-linked conglomerates have substantially curbed the capacity of non-elite formations and players to assert more developmental policy regimes and more substantive democratization. More recently; we argue; these same political economy constraints have also been starkly exhibited in the country’s incoherent response to the COVID-19 pandemic.
format text
author Tuaño, Philip Arnold
Cruz, Jerik
author_facet Tuaño, Philip Arnold
Cruz, Jerik
author_sort Tuaño, Philip Arnold
title ­Structural Inequality in the Philippines: Oligarchy, Economic Transformation and Current Challenges to Development
title_short ­Structural Inequality in the Philippines: Oligarchy, Economic Transformation and Current Challenges to Development
title_full ­Structural Inequality in the Philippines: Oligarchy, Economic Transformation and Current Challenges to Development
title_fullStr ­Structural Inequality in the Philippines: Oligarchy, Economic Transformation and Current Challenges to Development
title_full_unstemmed ­Structural Inequality in the Philippines: Oligarchy, Economic Transformation and Current Challenges to Development
title_sort ­structural inequality in the philippines: oligarchy, economic transformation and current challenges to development
publisher Archīum Ateneo
publishDate 2021
url https://archium.ateneo.edu/economics-faculty-pubs/162
https://www.timesbookstores.com.sg/products/inequality-and-exclusion-in-southeast-asia-old-fractures-new-frontiers-structural-inequality-in-the-philippines-oligarchy-economic-transformation-and-current-challenges-to-development
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