The “Filipino First” Policy and the Central Bank, 1958–1961: Island of State Strength and Economic Decolonization
A gap exists between the high regard for the Central Bank of the Philippines and the Filipino First policy under Pres. Carlos P. Garcia’s administration. Patrimonial interests attempted to exploit the Filipino First policy but relied on the bank for foreign exchange. In such a setting, how could the...
Saved in:
| Main Author: | |
|---|---|
| Format: | text |
| Published: |
Archīum Ateneo
2014
|
| Online Access: | https://archium.ateneo.edu/phstudies/vol62/iss2/5 https://archium.ateneo.edu/context/phstudies/article/4035/viewcontent/6165.pdf |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| Institution: | Ateneo De Manila University |
| id |
ph-ateneo-arc.phstudies-4035 |
|---|---|
| record_format |
eprints |
| spelling |
ph-ateneo-arc.phstudies-40352024-08-07T03:42:03Z The “Filipino First” Policy and the Central Bank, 1958–1961: Island of State Strength and Economic Decolonization Takagi, Yusuke A gap exists between the high regard for the Central Bank of the Philippines and the Filipino First policy under Pres. Carlos P. Garcia’s administration. Patrimonial interests attempted to exploit the Filipino First policy but relied on the bank for foreign exchange. In such a setting, how could the Central Bank lead economic policy making and become an island of state strength? Thisarticle examines this puzzle by analyzing the process that involved politicians, private sector leaders, and even the American government. It argues that the Central Bank supported Filipino First only until it could achieve its policy goal of economic decolonization.KEYWORDS: Central Bank • policy making • economic decolonization • import substitution industrialization • nationalism 2014-06-02T07:00:00Z text application/pdf https://archium.ateneo.edu/phstudies/vol62/iss2/5 info:doi/10.13185/2244-1638.4035 https://archium.ateneo.edu/context/phstudies/article/4035/viewcontent/6165.pdf Philippine Studies: Historical and Ethnographic Viewpoints Archīum Ateneo |
| 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 |
| description |
A gap exists between the high regard for the Central Bank of the Philippines and the Filipino First policy under Pres. Carlos P. Garcia’s administration. Patrimonial interests attempted to exploit the Filipino First policy but relied on the bank for foreign exchange. In such a setting, how could the Central Bank lead economic policy making and become an island of state strength? Thisarticle examines this puzzle by analyzing the process that involved politicians, private sector leaders, and even the American government. It argues that the Central Bank supported Filipino First only until it could achieve its policy goal of economic decolonization.KEYWORDS: Central Bank • policy making • economic decolonization • import substitution industrialization • nationalism |
| format |
text |
| author |
Takagi, Yusuke |
| spellingShingle |
Takagi, Yusuke The “Filipino First” Policy and the Central Bank, 1958–1961: Island of State Strength and Economic Decolonization |
| author_facet |
Takagi, Yusuke |
| author_sort |
Takagi, Yusuke |
| title |
The “Filipino First” Policy and the Central Bank, 1958–1961: Island of State Strength and Economic Decolonization |
| title_short |
The “Filipino First” Policy and the Central Bank, 1958–1961: Island of State Strength and Economic Decolonization |
| title_full |
The “Filipino First” Policy and the Central Bank, 1958–1961: Island of State Strength and Economic Decolonization |
| title_fullStr |
The “Filipino First” Policy and the Central Bank, 1958–1961: Island of State Strength and Economic Decolonization |
| title_full_unstemmed |
The “Filipino First” Policy and the Central Bank, 1958–1961: Island of State Strength and Economic Decolonization |
| title_sort |
“filipino first” policy and the central bank, 1958–1961: island of state strength and economic decolonization |
| publisher |
Archīum Ateneo |
| publishDate |
2014 |
| url |
https://archium.ateneo.edu/phstudies/vol62/iss2/5 https://archium.ateneo.edu/context/phstudies/article/4035/viewcontent/6165.pdf |
| _version_ |
1818103112049623040 |