Unequal Alliance: The World Bank, the International Monetary Fund and the Philippines (Studies in International Political Economy, No 19)

737 Pages·1990·2.1 MB·English

by  Robin Broad

Unequal Alliance : The World Bank, the
International Monetary Fund, and the
title:
Philippines Studies in International Political
Economy ; 19
author: Broad, Robin.
publisher: University of California Press
isbn10 | asin: 0520069536
print isbn13: 9780520069534
ebook isbn13: 9780585112114
language: English
World Bank--Philippines, International
subject Monetary Fund--Philippines, Philippines--
Economic policy.
publication date: 1988
lcc: HG3881.5.W57B76 1988eb
ddc: 332.1/52
World Bank--Philippines, International
subject: Monetary Fund--Philippines, Philippines--
Economic policy.
Studies in International Political Economy
Stephen D. Krasner, General Editor Ernst B. Haas, Consulting Editor
1. Scientists and World Order: The Uses of Technical Knowledge in
International Organizations
Ernst B. Haas, Mary Pat Williams, and Don Babai
2. Pollution, Politics, and International Law: Tankers at Sea
R. Michael M'Gonigle and Mark W. Zacher
3. Plutonium, Power, and Politics: International Arrangements for the
Disposition of Spent Nuclear Fuel
Gene I. Rochlin
4. National Power and the Structure of Foreign Trade
Albert O. Hirschman
5. Congress and the Politics of U.S. Foreign Economic Policy, 1929-
1976
Robert A. Pastor
6. Natural Resources and the State: The Political Economy of
Resource Management
Oran R. Young
7. Resource Regimes: Natural Resources and Social Institutions
Oran R. Young
8. Managing Political Risk Assessment: Strategic Response to
Environmental Change
Stephen J. Kobrin
9. Between Dependency and Autonomy: India's Experience with the
International Computer Industry
Joseph M. Grieco
10. The Problems of Plenty: Energy Policy and International Politics
Peter F. Cowhey
11. Standing Guard: Protecting Foreign Capital in the Nineteenth and
Twentieth Centuries
Charles Lipson
12. Structural Conflict: The Third World Against Global Liberalism
Stephen D. Krasner
13. Liberal Protectionism: The International Politics of Organized
Textile Trade
Vinod K. Aggarwal
14. The Politicized Market Economy: Alcohol in Brazil's Energy
Strategy
Michael Barzelay
15. From Marshall Plan to Debt Crisis: Foreign Aid and
Development Choices in the World Economy
Robert Wood
16. The Power of Ideology: The Quest for Technological Autonomy in
Argentina and Brazil
Emanuel Adler
17. Ruling the Waves: The Political Economy of International
Shipping
Alan W. Cafruny
18. Banker to the Third World: U.S. Portfolio Investment in Latin
America, 1900-1986
Barbara Stallings
19. Unequal Alliance: The World Bank, the International Monetary
Fund, and the Philippines
Robin Broad
20. Managing the Frozen South: The Creation and Evolution of the
Antarctic Treaty System
M. J. Peterson
21. Political Power and the Arab Oil Weapon: The Experience of Five
Industrial Nations
Roy Licklider
Page iii
Unequal Alliance
The World Bank, the International Monetary Fund, and
the Philippines
Robin Broad
UNIVERSITY OF CALIFORNIA PRESS
Berkeley · Los Angeles · London
Page iv
University of California Press
Berkeley and Los Angeles, California
University of California Press, Ltd.
London, England
© 1988 by The Regents of the University of California
First Paperback Printing 1990
Library of Congress Cataloging-in-Publication Data
Broad, Robin.
Unequal alliance.
(Studies in international political economy)
Bibliography: p.
Includes index.
1. World BankPhilippines. 2. International
Monetary FundPhilippines. 3. Philippines
Economic policy., I. Title. II. Series.
HG3881.5.W57B76 1988 332.1'52 87-10745
ISBN0-520-06953-6
This book is distributed in the Philippines and Asia by the Ateneo de
Manila University Press (P.O. Box 154, Manila) and in the rest of the
world by the University of California Press.
Printed in the United States of America
1 2 3 4 5 6 7 8 9
Page v
To three Filipino nationalists whose lives serve
as beacons of a more promising future:
Senator Jose "Pepe" Diokno, lawyer, political
detainee, and human rights advocate,
1922-1987
Ceferino "Jun" Flores, Jr., hotel worker and
union leader, missing since January 28, 1983
and
Alberto Gonzales, industrial engineer and
youth organizer, killed when military forces
violently dispersed a strike at the Bataan
Export Processing Zone, January 31, 1987
Page vii
Contents
List of Tables xi
List of Figures xiii
List of Abbreviations xv
Preface xvii
by Robin Broad and John Cavanagh
Acknowledgments xxv
1. Introduction 1
The Philippine Setting 1
The Newest International Division of Labor 4
General Analytical Framework 6
The Philippine Transformation 9
New Departures 14
2. Searching for a Role: The Early Years 20
Origins 21
The Formative Fifties 23
The IMF Takes the Lead 28
3. Maturation: Bank and Fund Centerstage 36
International Political Configuration 37
Shifting International Division of Labor 41